GAMMA Investing LLC Purchases 1,201 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

GAMMA Investing LLC grew its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 215.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,758 shares of the financial services provider’s stock after buying an additional 1,201 shares during the quarter. GAMMA Investing LLC’s holdings in Simply Good Foods were worth $69,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. increased its stake in Simply Good Foods by 1.8% in the 2nd quarter. American Century Companies Inc. now owns 19,943 shares of the financial services provider’s stock worth $721,000 after buying an additional 348 shares during the period. Dimensional Fund Advisors LP grew 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 acquiring an additional 203,914 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of Simply Good Foods by 60.7% during the second quarter. Mutual of America Capital Management LLC now owns 154,988 shares of the financial services provider’s stock worth $5,600,000 after acquiring an additional 58,553 shares during the period. Intech Investment Management LLC bought a new stake in shares of Simply Good Foods during the second quarter valued at approximately $241,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Simply Good Foods in the second quarter valued at approximately $159,000. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Simply Good Foods Trading Down 4.1 %

Shares of NASDAQ SMPL opened at $34.36 on Monday. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $42.37. The business has a fifty day moving average price of $38.26 and a 200 day moving average price of $35.41. The stock has a market capitalization of $3.47 billion, a P/E ratio of 24.90, a price-to-earnings-growth ratio of 3.51 and a beta of 0.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.05 and a quick ratio of 2.75.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. The business had revenue of $341.30 million during the quarter, compared to the consensus estimate of $347.32 million. During the same period in the previous year, the company posted $0.43 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. Equities research analysts expect that The Simply Good Foods Company will post 1.77 EPS for the current fiscal year.

Insider Activity at Simply Good Foods

In related news, insider Timothy Richard Kraft sold 76,761 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $37.60, for a total transaction of $2,886,213.60. Following the transaction, the insider now directly owns 40,068 shares of the company’s stock, valued at $1,506,556.80. This represents a 65.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Brian K. Ratzan sold 50,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $37.38, for a total value of $1,869,000.00. Following the completion of the sale, the director now directly owns 2,049,387 shares of the company’s stock, valued at approximately $76,606,086.06. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 327,869 shares of company stock valued at $12,139,570 over the last 90 days. Insiders own 9.35% of the company’s stock.

Wall Street Analysts Forecast Growth

SMPL has been the topic of several research reports. Stephens reduced their price objective on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Mizuho cut their price target on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Citigroup decreased their price objective on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.22.

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.