Diversified Trust Co Boosts Position in The Simply Good Foods Company (NASDAQ:SMPL)

Diversified Trust Co boosted its stake in The Simply Good Foods Company (NASDAQ:SMPLFree Report) by 55.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,353 shares of the financial services provider’s stock after acquiring an additional 11,560 shares during the period. Diversified Trust Co’s holdings in Simply Good Foods were worth $1,101,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in shares of Simply Good Foods by 121.5% during the fourth quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock valued at $33,000 after buying an additional 457 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Simply Good Foods by 103.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 433 shares during the period. Principal Securities Inc. purchased a new position in shares of Simply Good Foods in the 4th quarter valued at approximately $36,000. TFO Wealth Partners LLC boosted its position in shares of Simply Good Foods by 59,100.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Simply Good Foods by 18.8% in the fourth quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 292 shares during the period. 88.45% of the stock is owned by hedge funds and other institutional investors.

Simply Good Foods Stock Down 1.0 %

SMPL stock opened at $35.77 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.19 and a quick ratio of 4.05. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $43.00. The stock has a market capitalization of $3.58 billion, a P/E ratio of 24.67, a P/E/G ratio of 2.12 and a beta of 0.61. The business has a fifty day moving average price of $36.77 and a 200-day moving average price of $36.58.

Simply Good Foods (NASDAQ:SMPLGet Free Report) last issued its earnings results on Thursday, June 27th. The financial services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Simply Good Foods had a return on equity of 10.28% and a net margin of 11.49%. The business had revenue of $334.80 million during the quarter, compared to analyst estimates of $337.66 million. During the same quarter in the previous year, the firm earned $0.40 EPS. Simply Good Foods’s revenue was up 3.1% on a year-over-year basis. Equities analysts forecast that The Simply Good Foods Company will post 1.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on SMPL shares. TD Cowen initiated coverage on Simply Good Foods in a research report on Monday, April 22nd. They set a “hold” rating and a $34.00 price objective for the company. Morgan Stanley reissued an “overweight” rating and set a $42.00 price objective on shares of Simply Good Foods in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Simply Good Foods from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Friday, June 14th. DA Davidson boosted their price target on Simply Good Foods from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Mizuho reaffirmed a “buy” rating and set a $50.00 price objective on shares of Simply Good Foods in a research report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Simply Good Foods has an average rating of “Moderate Buy” and a consensus target price of $40.29.

Get Our Latest Stock Analysis on SMPL

Insiders Place Their Bets

In other news, Director James D. White sold 4,000 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $38.17, for a total transaction of $152,680.00. Following the transaction, the director now directly owns 17,027 shares of the company’s stock, valued at approximately $649,920.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 10.98% of the stock is currently owned by insiders.

Simply Good Foods Profile

(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.

Recommended Stories

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

Receive News & Ratings for Simply Good Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simply Good Foods and related companies with MarketBeat.com's FREE daily email newsletter.