Russell Investments Group Ltd. lowered its position in shares of Simply Good Foods Co (NASDAQ:SMPL) by 12.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 239,885 shares of the financial services provider’s stock after selling 33,385 shares during the period. Russell Investments Group Ltd. owned 0.29% of Simply Good Foods worth $5,774,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quantamental Technologies LLC bought a new position in Simply Good Foods during the 1st quarter worth $30,000. Aperio Group LLC bought a new position in Simply Good Foods during the 2nd quarter worth $102,000. NumerixS Investment Technologies Inc bought a new position in Simply Good Foods during the 1st quarter worth $92,000. C M Bidwell & Associates Ltd. increased its stake in Simply Good Foods by 42.1% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 5,675 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 1,680 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in Simply Good Foods during the 2nd quarter worth $205,000. Institutional investors own 87.42% of the company’s stock.
In related news, COO Hanno E. Holm sold 1,750 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $27.87, for a total value of $48,772.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Hanno E. Holm sold 15,983 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $26.88, for a total value of $429,623.04. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.
SMPL has been the topic of a number of recent research reports. Sanford C. Bernstein initiated coverage on Simply Good Foods in a research note on Monday, August 12th. They set an “outperform” rating on the stock. DA Davidson raised their price objective on Simply Good Foods to $33.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. ValuEngine lowered Simply Good Foods from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. SunTrust Banks reiterated a “hold” rating and issued a $25.00 price target on shares of Simply Good Foods in a research note on Wednesday, July 3rd. Finally, Wells Fargo & Co started coverage on Simply Good Foods in a research note on Monday. They issued an “outperform” rating and a $35.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $29.00.
Shares of NASDAQ SMPL traded up $0.30 during mid-day trading on Friday, hitting $30.63. 6,570 shares of the stock traded hands, compared to its average volume of 523,733. The company has a debt-to-equity ratio of 0.23, a current ratio of 8.63 and a quick ratio of 7.57. Simply Good Foods Co has a twelve month low of $16.55 and a twelve month high of $31.34. The company has a market cap of $2.52 billion, a PE ratio of 53.02 and a beta of 0.80. The firm has a 50 day simple moving average of $27.93 and a two-hundred day simple moving average of $24.02.
Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Tuesday, July 2nd. The financial services provider reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. Simply Good Foods had a return on equity of 6.81% and a net margin of 10.79%. The firm had revenue of $139.50 million for the quarter, compared to the consensus estimate of $120.85 million. During the same period in the previous year, the business earned $0.10 EPS. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. On average, equities research analysts anticipate that Simply Good Foods Co will post 0.69 earnings per share for the current fiscal year.
Simply Good Foods Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
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