Creative Planning Grows Position in The Simply Good Foods Company (NASDAQ:SMPL)

Creative Planning grew its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 81.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,536 shares of the financial services provider’s stock after purchasing an additional 9,676 shares during the quarter. Creative Planning’s holdings in Simply Good Foods were worth $778,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Simply Good Foods by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 11,099,351 shares of the financial services provider’s stock worth $377,711,000 after purchasing an additional 174,157 shares during the period. Champlain Investment Partners LLC increased its stake in Simply Good Foods by 27.7% in the 1st quarter. Champlain Investment Partners LLC now owns 3,939,494 shares of the financial services provider’s stock worth $134,061,000 after purchasing an additional 854,550 shares during the period. Dimensional Fund Advisors LP increased its stake in Simply Good Foods by 6.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,223,666 shares of the financial services provider’s stock worth $116,468,000 after purchasing an additional 203,914 shares during the period. Principal Financial Group Inc. increased its stake in shares of Simply Good Foods by 14.3% during the second quarter. Principal Financial Group Inc. now owns 1,474,736 shares of the financial services provider’s stock valued at $53,282,000 after buying an additional 184,539 shares during the period. Finally, Congress Asset Management Co. MA increased its stake in shares of Simply Good Foods by 7.4% during the first quarter. Congress Asset Management Co. MA now owns 1,313,011 shares of the financial services provider’s stock valued at $44,682,000 after buying an additional 90,154 shares during the period. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Simply Good Foods Trading Up 0.1 %

SMPL opened at $33.91 on Friday. The Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $43.00. The stock’s fifty day moving average is $33.14 and its two-hundred day moving average is $34.74. The company has a market capitalization of $3.40 billion, a P/E ratio of 23.39, a PEG ratio of 2.25 and a beta of 0.63. The company has a quick ratio of 4.05, a current ratio of 5.19 and a debt-to-equity ratio of 0.14.

Analyst Ratings Changes

Several equities research analysts have commented on SMPL shares. DA Davidson boosted their target price on Simply Good Foods from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, July 1st. Needham & Company LLC reiterated a “buy” rating and set a $41.00 price objective on shares of Simply Good Foods in a research report on Friday, June 28th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.29.

Insider Transactions at Simply Good Foods

In related news, SVP Stuart E. Jr. Heflin sold 1,058 shares of Simply Good Foods stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $34.44, for a total transaction of $36,437.52. Following the completion of the sale, the senior vice president now owns 19,319 shares of the company’s stock, valued at $665,346.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 10.98% of the company’s stock.

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.