The Simply Good Foods Company (NASDAQ:SMPL) Holdings Trimmed by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in shares of The Simply Good Foods Company (NASDAQ:SMPLFree Report) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,333 shares of the financial services provider’s stock after selling 472 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Simply Good Foods worth $1,882,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. grew its stake in shares of Simply Good Foods by 121.5% in the 4th quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 457 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 buying an additional 433 shares during the last quarter. Principal Securities Inc. acquired a new position in Simply Good Foods in the fourth quarter worth approximately $36,000. TFO Wealth Partners LLC lifted its position in shares of Simply Good Foods by 59,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 1,182 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Simply Good Foods by 18.8% during the 4th quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 292 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Price Performance

Shares of NASDAQ:SMPL opened at $36.22 on Monday. 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 stock has a market capitalization of $3.63 billion, a P/E ratio of 24.98, a P/E/G ratio of 2.57 and a beta of 0.61. The business has a 50-day moving average of $36.90 and a two-hundred day moving average of $36.49. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $43.00.

Simply Good Foods (NASDAQ:SMPLGet Free Report) last posted its earnings results on Thursday, June 27th. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $334.80 million during the quarter, compared to analyst estimates of $337.66 million. During the same period in the previous year, the company earned $0.40 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities research analysts predict that The Simply Good Foods Company will post 1.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SMPL shares. DA Davidson lifted their target price on shares of Simply Good Foods from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, July 1st. TD Cowen started coverage on shares of Simply Good Foods in a research note on Monday, April 22nd. They issued a “hold” rating and a $34.00 price target on the stock. Mizuho reissued a “buy” rating and set a $50.00 price objective on shares of Simply Good Foods in a research report on Friday, April 5th. 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $41.00 price target on shares of Simply Good Foods in a research note on Friday, June 28th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.29.

Read Our Latest Report on SMPL

Insider Buying and Selling

In related news, Director James D. White sold 4,000 shares of Simply Good Foods stock in a transaction on Friday, May 10th. The shares were sold at an average price of $38.17, for a total value of $152,680.00. Following the transaction, the director now owns 17,027 shares in the company, valued at approximately $649,920.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.98% of the stock is owned by insiders.

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

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

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