The Simply Good Foods Company (NASDAQ:SMPL) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its position in The Simply Good Foods Company (NASDAQ:SMPL) by 36.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,622 shares of the financial services provider’s stock after selling 28,834 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.05% of Simply Good Foods worth $1,829,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SMPL. Norges Bank acquired a new stake in Simply Good Foods in the fourth quarter valued at approximately $39,991,000. Champlain Investment Partners LLC raised its holdings in Simply Good Foods by 27.7% during the first 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 in the last quarter. Victory Capital Management Inc. raised its holdings in Simply Good Foods by 107.0% during the second quarter. Victory Capital Management Inc. now owns 920,802 shares of the financial services provider’s stock worth $33,269,000 after purchasing an additional 475,928 shares in the last quarter. Norden Group LLC raised its holdings in Simply Good Foods by 1,949.9% during the first quarter. Norden Group LLC now owns 210,690 shares of the financial services provider’s stock worth $7,170,000 after purchasing an additional 200,412 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in 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 worth $53,282,000 after purchasing an additional 184,539 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Simply Good Foods Price Performance

Shares of NASDAQ SMPL opened at $34.11 on Tuesday. The firm has a market capitalization of $3.42 billion, a P/E ratio of 23.52, a PEG ratio of 2.25 and a beta of 0.62. The Simply Good Foods Company has a one year low of $30.00 and a one year high of $43.00. The company’s fifty day moving average is $33.33 and its two-hundred day moving average is $34.72. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.05 and a current ratio of 5.19.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Thursday, June 27th. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $334.80 million for the quarter, compared to analyst estimates of $337.66 million. Simply Good Foods had a net margin of 11.49% and a return on equity of 10.28%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. Analysts forecast that The Simply Good Foods Company will post 1.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SMPL has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $41.00 price objective on shares of Simply Good Foods in a report on Friday, June 28th. DA Davidson raised their target price on shares of Simply Good Foods from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, July 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Friday, June 14th. Finally, Stifel Nicolaus raised their target price on shares of Simply Good Foods from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.29.

Insider Transactions at Simply Good Foods

In related news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $34.44, for a total value of $36,437.52. Following the completion of the transaction, the senior vice president now owns 19,319 shares of the company’s stock, valued at approximately $665,346.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.98% of the company’s stock.

Simply Good Foods Company 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.