The Simply Good Foods Company (NASDAQ:SMPL) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 22.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 15,154 shares of the financial services provider’s stock after selling 4,358 shares during the quarter. ProShare Advisors LLC’s holdings in Simply Good Foods were worth $548,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SMPL. UniSuper Management Pty Ltd acquired a new position in Simply Good Foods in the first quarter valued at approximately $615,000. Nordea Investment Management AB purchased a new stake in shares of Simply Good Foods during the 1st quarter worth about $3,821,000. Mutual of America Capital Management LLC grew its position in shares of Simply Good Foods by 507.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 96,435 shares of the financial services provider’s stock valued at $3,282,000 after acquiring an additional 80,571 shares during the period. BNP Paribas Financial Markets grew its position in shares of Simply Good Foods by 171.2% during the 1st quarter. BNP Paribas Financial Markets now owns 214,587 shares of the financial services provider’s stock valued at $7,302,000 after acquiring an additional 135,465 shares during the period. Finally, Congress Asset Management Co. MA increased its stake in shares of Simply Good Foods by 9.5% in the 4th quarter. Congress Asset Management Co. MA now owns 1,222,857 shares of the financial services provider’s stock valued at $48,425,000 after purchasing an additional 105,912 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Simply Good Foods Stock Performance

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 19,319 shares in the company, valued at $665,346.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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.