Thrivent Financial for Lutherans Lowers Position in The Simply Good Foods Company (NASDAQ:SMPL)

Thrivent Financial for Lutherans reduced its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 4.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 75,535 shares of the financial services provider’s stock after selling 3,262 shares during the period. Thrivent Financial for Lutherans’ holdings in Simply Good Foods were worth $2,729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in SMPL. TFO Wealth Partners LLC increased its position in Simply Good Foods by 59,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,182 shares during the period. Gabelli Funds LLC purchased a new position in Simply Good Foods in the fourth quarter worth $396,000. Congress Asset Management Co. MA raised its position in Simply Good Foods by 9.5% in the fourth quarter. Congress Asset Management Co. MA now owns 1,222,857 shares of the financial services provider’s stock worth $48,425,000 after acquiring an additional 105,912 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Simply Good Foods in the fourth quarter valued at $4,878,000. Finally, Moody National Bank Trust Division purchased a new stake in shares of Simply Good Foods during the 1st quarter worth $234,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Simply Good Foods

In other news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was 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 directly owns 19,319 shares of the company’s stock, valued at $665,346.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 10.98% of the stock is owned by insiders.

Simply Good Foods Stock Up 0.2 %

SMPL stock opened at $34.77 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.19 and a quick ratio of 4.05. The company’s 50 day simple moving average is $33.13 and its 200-day simple moving average is $34.74. The Simply Good Foods Company has a 12 month low of $30.00 and a 12 month high of $43.00. The firm has a market capitalization of $3.48 billion, a PE ratio of 23.98, a P/E/G ratio of 2.28 and a beta of 0.62.

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.