The Simply Good Foods Company (NASDAQ:SMPL) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 36.9% during the 4th quarter, Holdings Channel reports. The fund owned 5,565 shares of the financial services provider’s stock after purchasing an additional 1,500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Simply Good Foods were worth $220,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor Group Holdings Inc. lifted its position in shares of Simply Good Foods by 7.2% in the first quarter. Advisor Group Holdings Inc. now owns 6,059 shares of the financial services provider’s stock valued at $229,000 after acquiring an additional 407 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Simply Good Foods by 1.6% in the first quarter. JPMorgan Chase & Co. now owns 129,928 shares of the financial services provider’s stock valued at $4,930,000 after acquiring an additional 2,098 shares in the last quarter. Raymond James & Associates lifted its position in shares of Simply Good Foods by 2.7% in the first quarter. Raymond James & Associates now owns 45,543 shares of the financial services provider’s stock valued at $1,728,000 after acquiring an additional 1,205 shares in the last quarter. Citigroup Inc. lifted its position in shares of Simply Good Foods by 11.4% in the first quarter. Citigroup Inc. now owns 74,216 shares of the financial services provider’s stock valued at $2,817,000 after acquiring an additional 7,583 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Simply Good Foods by 4.8% in the first quarter. PNC Financial Services Group Inc. now owns 6,454 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 296 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Simply Good Foods Price Performance

SMPL stock opened at $33.17 on Friday. The business has a fifty day moving average of $33.96 and a two-hundred day moving average of $36.71. The company has a quick ratio of 3.09, a current ratio of 4.20 and a debt-to-equity ratio of 0.14. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 2.42 and a beta of 0.69. The Simply Good Foods Company has a 52-week low of $30.00 and a 52-week high of $43.00.

Wall Street Analysts Forecast Growth

SMPL has been the topic of a number of analyst reports. Mizuho reiterated a “buy” rating and set a $50.00 price objective on shares of Simply Good Foods in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $42.00 price objective (up previously from $41.00) on shares of Simply Good Foods in a research report on Tuesday, January 2nd. DA Davidson reduced their price objective on Simply Good Foods from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, April 5th. Needham & Company LLC reduced their price objective on Simply Good Foods from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, Stifel Nicolaus reduced their price objective on Simply Good Foods from $48.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.17.

Insiders Place Their Bets

In other Simply Good Foods news, Director Robert G. Montgomery sold 2,500 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $39.36, for a total transaction of $98,400.00. Following the completion of the sale, the director now owns 52,738 shares of the company’s stock, valued at $2,075,767.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.98% of the stock is owned by insiders.

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.