Rhumbline Advisers Has $8.82 Million Position in The Simply Good Foods Company (NASDAQ:SMPL)

Rhumbline Advisers grew its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 255,703 shares of the financial services provider’s stock after purchasing an additional 1,904 shares during the quarter. Rhumbline Advisers owned about 0.25% of Simply Good Foods worth $8,819,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of SMPL. Schwartz Investment Counsel Inc. boosted its stake in Simply Good Foods by 39.3% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 302,900 shares of the financial services provider’s stock worth $11,807,000 after purchasing an additional 85,400 shares in the last quarter. Blue Trust Inc. boosted its stake in Simply Good Foods by 42.9% in the fourth quarter. Blue Trust Inc. now owns 5,568 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 1,671 shares in the last quarter. Congress Asset Management Co. boosted its stake in Simply Good Foods by 17.3% in the fourth quarter. Congress Asset Management Co. now owns 313,672 shares of the financial services provider’s stock worth $12,227,000 after purchasing an additional 46,375 shares in the last quarter. Nkcfo LLC acquired a new position in Simply Good Foods in the fourth quarter worth $234,000. Finally, Sanctuary Advisors LLC acquired a new position in Simply Good Foods in the fourth quarter worth $318,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Insider Activity at Simply Good Foods

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $37.25, for a total value of $186,250.00. Following the completion of the sale, the senior vice president now directly owns 12,839 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 9.35% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SMPL has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price objective on Simply Good Foods from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 10th. UBS Group initiated coverage on Simply Good Foods in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $41.00 price target on the stock. Mizuho upped their price target on Simply Good Foods from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, April 11th. DA Davidson cut their price target on Simply Good Foods from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Wall Street Zen raised Simply Good Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.67.

Simply Good Foods Trading Down 0.4%

NASDAQ SMPL opened at $33.97 on Wednesday. The stock has a 50-day simple moving average of $35.44 and a 200 day simple moving average of $36.49. The company has a market capitalization of $3.43 billion, a PE ratio of 24.09, a P/E/G ratio of 3.23 and a beta of 0.72. The company has a current ratio of 4.23, a quick ratio of 2.75 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.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The business had revenue of $359.70 million during the quarter, compared to the consensus estimate of $354.50 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 earnings per share. Research 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.