SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 9.3% Beneficial Ownership in Simply Good Foods Co.

FMR LLC and its Chairman and CEO, Abigail P. Johnson, have jointly filed a Schedule 13G disclosing a 9.3% beneficial ownership stake in Simply Good Foods Co. as of December 31, 2024.

Summary

• FMR LLC and Abigail P. Johnson reported beneficial ownership of 9,399,698.56 shares of Simply Good Foods Co. common stock.
• This beneficial ownership represents 9.3% of the total outstanding common stock of Simply Good Foods Co.
• The Schedule 13G filing was made on February 11, 2025, reflecting the ownership position as of December 31, 2024.
• FMR LLC holds sole voting power over 9,394,893.00 shares and sole dispositive power over 9,399,698.56 shares.
• Abigail P. Johnson, as a control person of FMR LLC, is deemed to beneficially own the same aggregate amount of shares.
• The reporting persons certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater of the outstanding shares.

Sentiment

Score: 5

Explanation: The document is a factual regulatory filing (Schedule 13G) disclosing beneficial ownership. It contains no subjective language or forward-looking statements that would indicate positive or negative sentiment regarding the issuer's performance or prospects. The sentiment is neutral as it simply reports a significant stake.

Positives

• A major institutional investor, FMR LLC, and its leadership have disclosed a significant beneficial ownership stake of 9.3% in Simply Good Foods Co., indicating their investment interest.
• The filing confirms that the shares are held in the ordinary course of business, not for the purpose of influencing or changing control of the issuer, which suggests a passive investment stance.

Negatives

• No specific negative information regarding Simply Good Foods Co. was disclosed in this beneficial ownership report.

Risks

• The document, a Schedule 13G, primarily reports beneficial ownership and does not detail specific risks related to Simply Good Foods Co.'s operations or financial performance.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Simply Good Foods Co.'s future outlook.

Management Comments

• The document does not contain direct management comments from Simply Good Foods Co. management. It includes certifications from FMR LLC's authorized signatory stating that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Industry Context

This filing is a routine disclosure of significant beneficial ownership by a large asset manager, FMR LLC, in a publicly traded company, Simply Good Foods Co. Such disclosures are common in the financial industry and provide transparency regarding major institutional holdings, which can be a signal of investor confidence or strategic positioning within the consumer packaged goods sector.

Comparison to Industry Standards

• This Schedule 13G filing is a regulatory disclosure of beneficial ownership and does not provide information for comparison to industry-specific financial or operational benchmarks. It simply states the ownership percentage of a specific institutional investor in Simply Good Foods Co.

Management Changes

Corporate Governance

Legal Proceedings

• The document does not disclose any legal proceedings or regulatory matters concerning Simply Good Foods Co. or the reporting persons.

Related Party Transactions

• The document does not disclose any related party transactions involving Simply Good Foods Co.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holding, which may be viewed as a vote of confidence by a major investor.
• Investment Professionals: Offers data on institutional ownership, useful for tracking major investor positions and market sentiment.

Next Steps

• The document does not outline specific future actions, events, or milestones for Simply Good Foods Co. or the reporting persons beyond the ongoing regulatory requirement to update beneficial ownership if material changes occur.

Key Dates

Keywords

Simply Good Foods Co, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Institutional Investor, Common Stock, SEC Filing, Investment Management