TFO Wealth Partners LLC Boosts Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

TFO Wealth Partners LLC lifted its stake in The Simply Good Foods Company (NASDAQ:SMPLFree Report) by 59,100.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,184 shares of the financial services provider’s stock after purchasing an additional 1,182 shares during the quarter. TFO Wealth Partners LLC’s holdings in Simply Good Foods were worth $47,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings in Simply Good Foods by 18.8% in the 4th 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 last quarter. Teacher Retirement System of Texas raised its position in shares of Simply Good Foods by 1.7% during the 4th quarter. Teacher Retirement System of Texas now owns 20,007 shares of the financial services provider’s stock valued at $792,000 after buying an additional 326 shares during the period. Alliance Wealth Advisors LLC UT lifted its holdings in Simply Good Foods by 3.6% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 11,210 shares of the financial services provider’s stock valued at $444,000 after acquiring an additional 394 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Simply Good Foods by 103.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 433 shares during the period. Finally, Pacer Advisors Inc. increased its stake in Simply Good Foods by 121.5% during the fourth quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 457 shares during the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Insider Activity

In related news, Director James D. White sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $38.17, for a total transaction of $152,680.00. Following the sale, the director now directly owns 17,027 shares in the company, valued at $649,920.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 10.98% of the company’s stock.

Simply Good Foods Stock Performance

Shares of SMPL stock opened at $37.10 on Friday. The firm has a 50 day moving average of $35.43 and a two-hundred day moving average of $36.99. The stock has a market capitalization of $3.71 billion, a PE ratio of 26.69, a P/E/G ratio of 2.30 and a beta of 0.65. 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 Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $43.00.

Simply Good Foods (NASDAQ:SMPLGet Free Report) last announced its quarterly earnings data on Thursday, April 4th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts predict that The Simply Good Foods Company will post 1.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SMPL. Needham & Company LLC reaffirmed a “buy” rating and issued a $41.00 price target on shares of Simply Good Foods in a research note on Tuesday, April 30th. Mizuho reaffirmed a “buy” rating and set a $50.00 target price on shares of Simply Good Foods in a research note on Friday, April 5th. Morgan Stanley reiterated an “overweight” rating and set a $42.00 price target on shares of Simply Good Foods in a research report on Thursday, April 11th. Stifel Nicolaus lowered their price objective on shares of Simply Good Foods from $48.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Finally, TD Cowen started coverage on Simply Good Foods in a research report on Monday, April 22nd. They issued 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 given a buy rating to the company. Based on data from MarketBeat.com, Simply Good Foods currently has an average rating of “Moderate Buy” and an average price target of $40.29.

Check Out Our Latest Research Report on Simply Good Foods

About Simply Good Foods

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Simply Good Foods (NASDAQ:SMPL)

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