Sequoia Financial Advisors LLC Takes Position in The Simply Good Foods Company (NASDAQ:SMPL)

Sequoia Financial Advisors LLC bought a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,843 shares of the financial services provider’s stock, valued at approximately $231,000.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of Simply Good Foods by 18.8% during the fourth quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 292 shares during the period. PNC Financial Services Group Inc. raised its stake in Simply Good Foods by 4.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,454 shares of the financial services provider’s stock worth $246,000 after buying an additional 296 shares during the period. Ziegler Capital Management LLC boosted its holdings in Simply Good Foods by 4.0% in the third quarter. Ziegler Capital Management LLC now owns 8,965 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 341 shares in the last quarter. Arizona State Retirement System boosted its holdings in Simply Good Foods by 1.4% in the third quarter. Arizona State Retirement System now owns 26,927 shares of the financial services provider’s stock worth $930,000 after acquiring an additional 373 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its stake in 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 during the period. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Stock Performance

Shares of SMPL stock opened at $33.17 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.20 and a quick ratio of 3.09. The firm has a 50-day moving average of $33.96 and a 200-day moving average of $36.74. The Simply Good Foods Company has a one year low of $30.00 and a one year high of $43.00. The company has a market cap of $3.32 billion, a P/E ratio of 23.86, a P/E/G ratio of 2.40 and a beta of 0.69.

Analyst Ratings Changes

SMPL has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $42.00 target price (up from $41.00) on shares of Simply Good Foods in a report on Tuesday, January 2nd. Morgan Stanley reiterated an “overweight” rating and set a $42.00 price objective on shares of Simply Good Foods in a report on Thursday, April 11th. DA Davidson decreased their target price on shares of Simply Good Foods from $39.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, April 5th. Mizuho reaffirmed a “buy” rating and issued a $50.00 price target on shares of Simply Good Foods in a research report on Friday, April 5th. Finally, Needham & Company LLC decreased their price objective on Simply Good Foods from $45.00 to $41.00 and set a “buy” rating for the company in a report on Friday, April 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Simply Good Foods has an average rating of “Moderate Buy” and a consensus price target of $41.17.

Insiders Place Their Bets

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