State of New Jersey Common Pension Fund D Has $2.18 Million Position in The Simply Good Foods Company (NASDAQ:SMPL)

State of New Jersey Common Pension Fund D raised its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 23.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,573 shares of the financial services provider’s stock after buying an additional 11,951 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Simply Good Foods were worth $2,176,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SMPL. Diversify Wealth Management LLC lifted its position in Simply Good Foods by 15.8% in the 3rd quarter. Diversify Wealth Management LLC now owns 8,745 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 1,196 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Simply Good Foods by 7.4% in the third quarter. New York State Teachers Retirement System now owns 112,055 shares of the financial services provider’s stock worth $3,896,000 after purchasing an additional 7,736 shares during the last quarter. Boston Trust Walden Corp bought a new position in shares of Simply Good Foods in the third quarter valued at approximately $80,270,000. Schwartz Investment Counsel Inc. purchased a new position in shares of Simply Good Foods during the third quarter valued at approximately $7,562,000. Finally, AlphaMark Advisors LLC bought a new stake in Simply Good Foods during the third quarter worth $344,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Simply Good Foods

In related news, Director Brian K. Ratzan sold 50,000 shares of Simply Good Foods stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $37.38, for a total value of $1,869,000.00. Following the completion of the transaction, the director now directly owns 2,049,387 shares in the company, valued at approximately $76,606,086.06. The trade was a 2.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Scalzo sold 2,374 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $36.23, for a total value of $86,010.02. Following the sale, the director now owns 136,830 shares in the company, valued at approximately $4,957,350.90. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 251,108 shares of company stock worth $9,253,356. 10.98% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup dropped their price objective on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday. Stephens dropped their price target on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $40.78.

Simply Good Foods Stock Up 2.3 %

SMPL opened at $37.32 on Friday. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00. The company’s 50-day moving average price is $34.15 and its two-hundred day moving average price is $34.95. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 3.25 and a beta of 0.64. The company has a quick ratio of 2.75, a current ratio of 4.05 and a debt-to-equity ratio of 0.23.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The business had revenue of $375.70 million for the quarter, compared to the consensus estimate of $373.07 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. Simply Good Foods’s revenue for the quarter was up 17.3% on a year-over-year basis. As a group, equities analysts expect that The Simply Good Foods Company will post 1.76 earnings per share for the current year.

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.