Swiss National Bank Has $7.83 Million Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

Swiss National Bank raised its position in shares of The Simply Good Foods Company (NASDAQ:SMPL – Get Rating) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,000 shares of the financial services provider’s stock after purchasing an additional 3,700 shares during the period. Swiss National Bank owned approximately 0.21% of Simply Good Foods worth $7,834,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ETF Managers Group LLC acquired a new position in Simply Good Foods during the third quarter valued at approximately $455,000. Arizona State Retirement System raised its position in Simply Good Foods by 4.7% during the third quarter. Arizona State Retirement System now owns 23,184 shares of the financial services provider’s stock valued at $742,000 after purchasing an additional 1,040 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Simply Good Foods by 4.6% during the third quarter. Hsbc Holdings PLC now owns 23,794 shares of the financial services provider’s stock worth $770,000 after buying an additional 1,054 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of Simply Good Foods during the third quarter worth $4,972,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Simply Good Foods during the third quarter worth $1,780,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Simply Good Foods Stock Performance

Shares of SMPL opened at $38.41 on Thursday. The company has a current ratio of 4.47, a quick ratio of 3.06 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.82 billion, a P/E ratio of 29.78 and a beta of 0.77. The firm’s fifty day simple moving average is $37.41 and its two-hundred day simple moving average is $37.40. The Simply Good Foods Company has a 12 month low of $29.21 and a 12 month high of $41.91.

Simply Good Foods (NASDAQ:SMPL – Get Rating) last issued its quarterly earnings results on Wednesday, April 5th. The financial services provider reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $296.58 million for the quarter, compared to analysts’ expectations of $290.68 million. Simply Good Foods had a net margin of 10.98% and a return on equity of 10.11%. As a group, analysts predict that The Simply Good Foods Company will post 1.52 EPS for the current year.

Insider Transactions at Simply Good Foods

In other news, insider Jeremy Scott Ivie sold 2,823 shares of the stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $36.96, for a total transaction of $104,338.08. Following the transaction, the insider now owns 24,610 shares of the company’s stock, valued at approximately $909,585.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jeremy Scott Ivie sold 2,823 shares of the stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $36.96, for a total transaction of $104,338.08. Following the transaction, the insider now owns 24,610 shares of the company’s stock, valued at approximately $909,585.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy Richard Kraft sold 13,520 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $37.22, for a total transaction of $503,214.40. Following the transaction, the insider now directly owns 39,622 shares in the company, valued at approximately $1,474,730.84. The disclosure for this sale can be found here. Insiders have sold 63,932 shares of company stock valued at $2,492,631 in the last 90 days. 3.99% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SMPL shares. Needham & Company LLC reiterated a “buy” rating and set a $42.00 price target on shares of Simply Good Foods in a report on Thursday, April 6th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Simply Good Foods from $43.00 to $42.00 in a report on Thursday, April 6th. Stephens upped their price target on shares of Simply Good Foods from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, March 29th. Stifel Nicolaus started coverage on shares of Simply Good Foods in a research note on Thursday, April 13th. They issued a “buy” rating and a $41.00 price objective on the stock. Finally, UBS Group reduced their price objective on shares of Simply Good Foods from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, April 6th. Three research analysts have rated the stock with a hold rating and nine have given 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 $42.00.

Simply Good Foods Profile

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The Simply Good Foods Co is a consumer packaged food and beverage company, which engages in the development, marketing, and sale of nutritional food and snacking products. Its products include nutrition bars, ready-to-drink shakes, snacks, confectionery, and frozen meals under the Atkins and Quest brands.