Mutual of America Capital Management LLC Cuts Stock Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Mutual of America Capital Management LLC lessened its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 9.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,185 shares of the financial services provider’s stock after selling 12,252 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.11% of Simply Good Foods worth $3,835,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SMPL. LPL Financial LLC increased its holdings in Simply Good Foods by 3.3% in the fourth quarter. LPL Financial LLC now owns 9,890 shares of the financial services provider’s stock valued at $386,000 after buying an additional 315 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Simply Good Foods by 49.0% in the fourth quarter. JPMorgan Chase & Co. now owns 428,619 shares of the financial services provider’s stock valued at $16,708,000 after buying an additional 141,021 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new position in Simply Good Foods in the fourth quarter valued at $212,000. Wells Fargo & Company MN increased its holdings in Simply Good Foods by 50.2% in the fourth quarter. Wells Fargo & Company MN now owns 45,685 shares of the financial services provider’s stock valued at $1,781,000 after buying an additional 15,275 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Simply Good Foods by 5.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 163,180 shares of the financial services provider’s stock valued at $6,361,000 after buying an additional 8,041 shares during the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, CEO Geoff E. Tanner bought 6,050 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was acquired at an average price of $33.11 per share, for a total transaction of $200,315.50. Following the completion of the purchase, the chief executive officer owned 98,190 shares of the company’s stock, valued at approximately $3,251,070.90. This represents a 6.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.35% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wall Street Zen lowered Simply Good Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Sanford C. Bernstein set a $45.00 target price on Simply Good Foods and gave the company an “outperform” rating in a report on Friday, July 11th. Citigroup decreased their price objective on shares of Simply Good Foods from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, June 18th. UBS Group set a $36.00 price objective on shares of Simply Good Foods and gave the company a “neutral” rating in a research note on Tuesday, July 1st. Finally, Mizuho decreased their price objective on shares of Simply Good Foods from $47.00 to $43.00 and set an “outperform” rating for the company in a research note on Tuesday, July 15th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.88.

Simply Good Foods Stock Performance

NASDAQ SMPL opened at $29.45 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.95 and a quick ratio of 2.46. The Simply Good Foods Company has a 1 year low of $29.41 and a 1 year high of $40.53. The company has a market capitalization of $2.96 billion, a PE ratio of 20.59, a P/E/G ratio of 2.94 and a beta of 0.59. The company has a fifty day moving average of $32.33 and a two-hundred day moving average of $34.74.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Thursday, July 10th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. Simply Good Foods had a net margin of 9.97% and a return on equity of 10.29%. The business had revenue of $380,956 billion during the quarter, compared to the consensus estimate of $381.68 million. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. As a group, analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

About Simply Good Foods

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.