SG Americas Securities LLC Acquires 31,299 Shares of The Simply Good Foods Company $SMPL

SG Americas Securities LLC increased its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 427.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,616 shares of the financial services provider’s stock after acquiring an additional 31,299 shares during the quarter. SG Americas Securities LLC’s holdings in Simply Good Foods were worth $958,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Boston Trust Walden Corp grew its holdings in Simply Good Foods by 16.0% in the third quarter. Boston Trust Walden Corp now owns 3,520,960 shares of the financial services provider’s stock worth $87,390,000 after purchasing an additional 486,837 shares during the period. CWM LLC boosted its position in shares of Simply Good Foods by 343.0% during the 3rd quarter. CWM LLC now owns 2,605 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 2,017 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Simply Good Foods by 14,004.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 39,070 shares of the financial services provider’s stock valued at $970,000 after buying an additional 38,793 shares during the period. Congress Asset Management Co. grew its stake in shares of Simply Good Foods by 8.5% in the 3rd quarter. Congress Asset Management Co. now owns 409,490 shares of the financial services provider’s stock valued at $10,164,000 after buying an additional 32,178 shares during the period. Finally, Osaic Holdings Inc. increased its position in Simply Good Foods by 12.7% in the 2nd quarter. Osaic Holdings Inc. now owns 9,284 shares of the financial services provider’s stock valued at $293,000 after buying an additional 1,048 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Insiders Place Their Bets

In other Simply Good Foods news, CAO Timothy Allen Matthews sold 5,859 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $19.47, for a total value of $114,074.73. Following the sale, the chief accounting officer directly owned 18,065 shares in the company, valued at $351,725.55. The trade was a 24.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Christopher J. Bealer purchased 9,946 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $20.01 per share, with a total value of $199,019.46. Following the purchase, the chief financial officer directly owned 32,966 shares in the company, valued at $659,649.66. This trade represents a 43.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 8.76% of the company’s stock.

Simply Good Foods Stock Performance

NASDAQ SMPL opened at $20.93 on Tuesday. The Simply Good Foods Company has a 52-week low of $18.45 and a 52-week high of $40.01. The company has a 50-day simple moving average of $19.71 and a 200 day simple moving average of $24.58. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.24 and a current ratio of 5.01. The company has a market capitalization of $1.94 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of 2.72 and a beta of 0.27.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Thursday, January 8th. The financial services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Simply Good Foods had a net margin of 6.26% and a return on equity of 9.56%. The firm had revenue of $340.20 million for the quarter, compared to analysts’ expectations of $337.64 million. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. On average, research analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SMPL. Jefferies Financial Group cut their price target on Simply Good Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, October 22nd. UBS Group reissued a “neutral” rating on shares of Simply Good Foods in a research report on Friday, January 9th. Mizuho set a $30.00 price target on shares of Simply Good Foods in a research note on Thursday. Morgan Stanley set a $24.00 price objective on shares of Simply Good Foods in a research note on Monday, October 27th. Finally, Zacks Research upgraded shares of Simply Good Foods from a “strong sell” rating to a “hold” rating in a report on Friday, December 26th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $29.67.

Simply Good Foods Company Profile

Simply Good Foods Co (NASDAQ: SMPL) is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.

Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.