Banque Cantonale Vaudoise Makes New $103,000 Investment in The Simply Good Foods Company (NASDAQ:SMPL)

Banque Cantonale Vaudoise acquired a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 3,032 shares of the financial services provider’s stock, valued at approximately $103,000.

A number of other large investors also recently made changes to their positions in SMPL. Pacer Advisors Inc. increased its holdings in shares of Simply Good Foods by 121.5% in the 4th quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 457 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Simply Good Foods by 103.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 433 shares during the period. Principal Securities Inc. acquired a new position in shares of Simply Good Foods in the 4th quarter valued at about $36,000. TFO Wealth Partners LLC increased its holdings in shares of Simply Good Foods by 59,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 1,182 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Simply Good Foods by 18.8% in the 4th quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 292 shares during the period. Institutional investors and hedge funds own 88.45% of the company’s stock.

Insiders Place Their Bets

In other news, Director James D. White sold 4,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $38.17, for a total value of $152,680.00. Following the completion of the sale, the director now directly owns 17,027 shares of the company’s stock, valued at $649,920.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 10.98% of the company’s stock.

Simply Good Foods Stock Down 0.5 %

Shares of Simply Good Foods stock opened at $36.76 on Tuesday. The stock has a market capitalization of $3.68 billion, a P/E ratio of 26.45, a PEG ratio of 2.17 and a beta of 0.65. The company has a quick ratio of 3.09, a current ratio of 4.20 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average price of $36.44 and a two-hundred day moving average price of $36.72. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $43.00.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Thursday, April 4th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $312.20 million during the quarter, compared to analysts’ expectations of $313.57 million. Simply Good Foods had a return on equity of 10.12% and a net margin of 11.12%. Equities analysts expect that The Simply Good Foods Company will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating and issued a $42.00 target price on shares of Simply Good Foods in a report on Thursday, April 11th. DA Davidson boosted their price target on Simply Good Foods from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Needham & Company LLC reissued a “buy” rating and issued a $41.00 price target on shares of Simply Good Foods in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Simply Good Foods from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Friday, June 14th. Finally, Stifel Nicolaus boosted their price target on Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.86.

Simply Good Foods Profile

The Simply Good Foods Company operates as a consumer-packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, protein chips, and recipes under the Atkins and Quest brand names.