Deutsche Bank AG Sells 7,735 Shares of The Simply Good Foods Company $SMPL

Deutsche Bank AG decreased its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 8.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,579 shares of the financial services provider’s stock after selling 7,735 shares during the period. Deutsche Bank AG owned about 0.08% of Simply Good Foods worth $2,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new position in Simply Good Foods in the 1st quarter worth about $105,000. Nisa Investment Advisors LLC lifted its stake in shares of Simply Good Foods by 24.7% during the first quarter. Nisa Investment Advisors LLC now owns 3,808 shares of the financial services provider’s stock worth $131,000 after buying an additional 754 shares during the period. Bayforest Capital Ltd grew its holdings in Simply Good Foods by 13.8% during the first quarter. Bayforest Capital Ltd now owns 4,599 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 557 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Simply Good Foods during the fourth quarter worth about $206,000. Finally, PharVision Advisers LLC purchased a new position in Simply Good Foods in the fourth quarter valued at $208,000. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Stock Performance

NASDAQ:SMPL opened at $28.71 on Wednesday. The firm has a 50 day simple moving average of $31.64 and a 200-day simple moving average of $34.27. 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 firm has a market cap of $2.89 billion, a PE ratio of 20.08, a P/E/G ratio of 2.78 and a beta of 0.59. The Simply Good Foods Company has a 1-year low of $28.14 and a 1-year high of $40.53.

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, beating the consensus estimate of $0.50 by $0.01. The business had revenue of $380,956 billion during the quarter, compared to the consensus estimate of $381.68 million. Simply Good Foods had a net margin of 9.97% and a return on equity of 10.29%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. On average, equities analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current year.

Insiders Place Their Bets

In other Simply Good Foods news, CEO Geoff E. Tanner purchased 6,050 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was acquired at an average cost of $33.11 per share, with a total value of $200,315.50. Following the completion of the acquisition, the chief executive officer directly owned 98,190 shares of the company’s stock, valued at $3,251,070.90. This represents a 6.57% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 9.35% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on SMPL shares. Stifel Nicolaus cut their price objective on shares of Simply Good Foods from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, June 27th. Sanford C. Bernstein set a $45.00 price target on shares of Simply Good Foods and gave the company an “outperform” rating in a research report on Friday, July 11th. Citigroup reduced their price objective on shares of Simply Good Foods from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, June 18th. DA Davidson reduced their price objective on shares of Simply Good Foods from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, June 9th. Finally, Mizuho cut their price target on shares of Simply Good Foods from $47.00 to $43.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 15th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.88.

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.