The Simply Good Foods Company (NASDAQ:SMPL) Shares Acquired by Fmr LLC

Fmr LLC lifted its position in The Simply Good Foods Company (NASDAQ:SMPL) by 20.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,128,827 shares of the financial services provider’s stock after acquiring an additional 855,070 shares during the quarter. Fmr LLC owned about 0.05% of Simply Good Foods worth $178,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in SMPL. Quarry LP acquired a new position in shares of Simply Good Foods in the second quarter worth about $30,000. GAMMA Investing LLC increased its stake in shares of Simply Good Foods by 182.4% in the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 549 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Simply Good Foods by 236.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,241 shares during the period. Innealta Capital LLC purchased a new position in Simply Good Foods during the second quarter worth approximately $71,000. Finally, KBC Group NV grew its holdings in Simply Good Foods by 31.9% in the third quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 746 shares during the period. 88.45% of the stock is owned by hedge funds and other institutional investors.

Simply Good Foods Stock Performance

SMPL opened at $39.81 on Tuesday. The firm has a market capitalization of $3.99 billion, a PE ratio of 28.84, a PEG ratio of 3.52 and a beta of 0.64. The company has a current ratio of 4.05, a quick ratio of 2.75 and a debt-to-equity ratio of 0.23. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00. The firm’s 50-day moving average price is $35.34 and its 200 day moving average price is $35.08.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $373.07 million. During the same period in the prior year, the business earned $0.41 earnings per share. The business’s revenue was up 17.3% compared to the same quarter last year. As a group, sell-side analysts expect that The Simply Good Foods Company will post 1.76 EPS for the current fiscal year.

Insider Transactions at Simply Good Foods

In related news, Director Joseph Scalzo sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $35.99, for a total transaction of $899,750.00. Following the completion of the sale, the director now directly owns 139,204 shares of the company’s stock, valued at approximately $5,009,951.96. This trade represents a 15.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy Richard Kraft sold 76,761 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $37.60, for a total transaction of $2,886,213.60. Following the completion of the transaction, the insider now directly owns 40,068 shares in the company, valued at $1,506,556.80. The trade was a 65.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 327,869 shares of company stock worth $12,139,570 in the last quarter. Company insiders own 10.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Citigroup decreased their target price on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Stephens decreased their price objective on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.78.

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.