Swiss National Bank Sells 21,500 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Swiss National Bank lessened its position in The Simply Good Foods Company (NASDAQ:SMPL) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 186,400 shares of the financial services provider’s stock after selling 21,500 shares during the period. Swiss National Bank owned approximately 0.19% of Simply Good Foods worth $7,381,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Simply Good Foods by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider’s stock valued at $379,461,000 after buying an additional 259,144 shares in the last quarter. FMR LLC raised its position in shares of Simply Good Foods by 42.3% during the third quarter. FMR LLC now owns 2,761,132 shares of the financial services provider’s stock worth $95,314,000 after purchasing an additional 820,801 shares during the period. Principal Financial Group Inc. raised its position in shares of Simply Good Foods by 4.7% during the third quarter. Principal Financial Group Inc. now owns 1,649,141 shares of the financial services provider’s stock worth $56,928,000 after purchasing an additional 74,605 shares during the period. Invesco Ltd. lifted its holdings in shares of Simply Good Foods by 8.1% during the 3rd quarter. Invesco Ltd. now owns 1,614,065 shares of the financial services provider’s stock valued at $55,718,000 after purchasing an additional 120,311 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its holdings in shares of Simply Good Foods by 25.7% in the third quarter. Congress Asset Management Co. MA now owns 1,116,945 shares of the financial services provider’s stock valued at $38,557,000 after buying an additional 228,383 shares during the period. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SMPL shares. Morgan Stanley restated an “overweight” rating and issued a $42.00 target price on shares of Simply Good Foods in a research note on Thursday, April 11th. DA Davidson raised their target price on shares of Simply Good Foods from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Mizuho reissued a “buy” rating and set a $50.00 price target on shares of Simply Good Foods in a research report on Friday, April 5th. Needham & Company LLC restated a “buy” rating and set a $41.00 price objective on shares of Simply Good Foods in a research note on Tuesday, April 30th. Finally, TD Cowen began coverage on Simply Good Foods in a report on Monday, April 22nd. They set a “hold” rating and a $34.00 target price on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.29.

Simply Good Foods Trading Down 0.8 %

Shares of NASDAQ:SMPL opened at $37.85 on Wednesday. The company has a 50-day simple moving average of $34.23 and a 200 day simple moving average of $37.03. The company has a market capitalization of $3.78 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.09 and a current ratio of 4.20. The Simply Good Foods Company has a 52-week low of $30.00 and a 52-week high of $43.00.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Thursday, April 4th. The financial services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. Simply Good Foods had a return on equity of 10.12% and a net margin of 11.12%. Sell-side analysts forecast that The Simply Good Foods Company will post 1.7 earnings per share for the current year.

Insider Buying and Selling at Simply Good Foods

In other news, Director James D. White sold 4,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $38.17, for a total transaction of $152,680.00. Following the completion of the sale, the director now owns 17,027 shares in the company, valued at approximately $649,920.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 10.98% of the company’s stock.

Simply Good Foods 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.