Here’s Why The Simply Good Foods Company (SMPL) Outperformed in Q4
Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Small Cap Growth Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. Small-cap stocks posted solid returns in the fourth quarter for the first time in 2022. The Russell 2000 Growth Index was up 4.11% trailing the Russell 2000 Value Index, which returned 8.39% in the quarter. For the year 2022, small-cap stocks posted disappointing results. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Carillon Eagle Small Cap Growth Fund highlighted stocks like The Simply Good Foods Company (NASDAQ:SMPL) in the Q4 2022 investor letter. Headquartered in Denver, Colorado, The Simply Good Foods Company (NASDAQ:SMPL) is a consumer-packaged food and beverage company. On February 1, 2023, The Simply Good Foods Company (NASDAQ:SMPL) stock closed at $36.46 per share. One-month return of The Simply Good Foods Company (NASDAQ:SMPL) was 4.59%, and its shares gained 3.02% of their value over the last 52 weeks. The Simply Good Foods Company (NASDAQ:SMPL) has a market capitalization of $3.627 billion.
Carillon Eagle Small Cap Growth Fund made the following comment about The Simply Good Foods Company (NASDAQ:SMPL) in its Q4 2022 investor letter:
"The Simply Good Foods Company (NASDAQ:SMPL) develops, markets, and sells nutritional food and snacks and is well positioned to take advantage of the secular trend toward healthy snacking. The stock was lifted during the period by strong quarterly results that saw both revenue and earnings above consensus estimates. The company’s Quest brand continues to grow well and its Atkins brand returned to slight growth. In addition, Simply’s initial guidance for the next fiscal year’s revenue came in above expectations."
The Simply Good Foods Company (NASDAQ:SMPL) is not in on our 30 Most Popular Stocks Among Hedge Funds list. As per our database, 20 hedge fund portfolios held Netflix, Inc. (NASDAQ:NFLX) at the end of the third quarter, which was 15 in the previous quarter.
We discussed The Simply Good Foods Company (NASDAQ:SMPL) in another article and shared Carillon Tower Advisers’ views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
