Ameriprise Financial Inc. Sells 36,747 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Ameriprise Financial Inc. lessened its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 9.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 360,054 shares of the financial services provider’s stock after selling 36,747 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.36% of Simply Good Foods worth $14,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SMPL. Barclays PLC raised its holdings in Simply Good Foods by 396.7% during the 3rd quarter. Barclays PLC now owns 165,201 shares of the financial services provider’s stock valued at $5,744,000 after acquiring an additional 131,939 shares during the period. Diversify Wealth Management LLC raised its holdings in Simply Good Foods by 44.7% during the 4th quarter. Diversify Wealth Management LLC now owns 12,656 shares of the financial services provider’s stock valued at $493,000 after acquiring an additional 3,911 shares during the period. Exchange Traded Concepts LLC raised its holdings in Simply Good Foods by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 53,512 shares of the financial services provider’s stock valued at $2,086,000 after acquiring an additional 2,188 shares during the period. Blue Trust Inc. raised its holdings in Simply Good Foods by 44.3% during the 4th quarter. Blue Trust Inc. now owns 5,624 shares of the financial services provider’s stock valued at $219,000 after acquiring an additional 1,727 shares during the period. Finally, KBC Group NV raised its holdings in Simply Good Foods by 24.6% during the 4th quarter. KBC Group NV now owns 3,844 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 760 shares during the period. Institutional investors own 88.45% of the company’s stock.

Insider Activity

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the company’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the completion of the transaction, the senior vice president now directly owns 12,839 shares of the company’s stock, valued at approximately $478,252.75. This represents a 28.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 9.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SMPL shares. DA Davidson boosted their price target on shares of Simply Good Foods from $35.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday, April 11th. UBS Group started coverage on shares of Simply Good Foods in a research report on Wednesday, April 23rd. They set a “neutral” rating and a $41.00 price target for the company. Mizuho boosted their price target on shares of Simply Good Foods from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, April 11th. Finally, Morgan Stanley boosted their price target on shares of Simply Good Foods from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Thursday, April 10th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Simply Good Foods currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Simply Good Foods Stock Performance

NASDAQ SMPL opened at $36.58 on Friday. The company has a 50-day simple moving average of $35.30 and a two-hundred day simple moving average of $36.75. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The Simply Good Foods Company has a 12-month low of $31.25 and a 12-month high of $40.53. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 3.23 and a beta of 0.72.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The firm had revenue of $359.70 million during the quarter, compared to the consensus estimate of $354.50 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 earnings per share. On average, equities analysts forecast that The Simply Good Foods Company will post 1.78 EPS for the current year.

Simply Good Foods Company 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.