The Simply Good Foods Company (NASDAQ:SMPL) Stock Holdings Raised by State Street Corp

State Street Corp lifted its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,666,190 shares of the financial services provider’s stock after purchasing an additional 208,070 shares during the period. State Street Corp owned about 3.66% of Simply Good Foods worth $127,473,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in Simply Good Foods by 671.9% during the 2nd quarter. SG Americas Securities LLC now owns 30,697 shares of the financial services provider’s stock worth $1,109,000 after buying an additional 26,720 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Simply Good Foods during the second quarter worth $224,000. Blue Trust Inc. boosted its holdings in Simply Good Foods by 446.1% in the second quarter. Blue Trust Inc. now owns 12,166 shares of the financial services provider’s stock worth $414,000 after purchasing an additional 9,938 shares during the period. Louisiana State Employees Retirement System increased its stake in Simply Good Foods by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 45,800 shares of the financial services provider’s stock valued at $1,655,000 after purchasing an additional 800 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Simply Good Foods by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 745,167 shares of the financial services provider’s stock worth $26,923,000 after purchasing an additional 19,696 shares during the period. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, insider Timothy Richard Kraft sold 76,761 shares of the stock in a transaction on 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 completion of the transaction, the insider now directly owns 40,068 shares of the company’s stock, valued at approximately $1,506,556.80. This trade represents a 65.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Scalzo sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $35.99, for a total value of $899,750.00. Following the completion of the sale, the director now directly owns 139,204 shares in the company, valued at $5,009,951.96. This represents a 15.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 327,869 shares of company stock valued at $12,139,570. Company insiders own 10.98% of the company’s stock.

Simply Good Foods Stock Performance

Shares of NASDAQ SMPL opened at $39.67 on Friday. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $43.00. 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 company has a market cap of $3.98 billion, a PE ratio of 28.75, a P/E/G ratio of 3.50 and a beta of 0.67. The stock has a 50 day simple moving average of $36.39 and a 200-day simple moving average of $35.24.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The company had revenue of $375.70 million during the quarter, compared to analysts’ expectations of $373.07 million. During the same quarter in the prior year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities research analysts forecast that The Simply Good Foods Company will post 1.76 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on SMPL shares. Citigroup lowered their price objective on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Mizuho upped their target price on Simply Good Foods from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Stephens cut their price target 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. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.22.

About Simply Good Foods

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.