Schwartz Investment Counsel Inc. Raises Stock Holdings in The Simply Good Foods Company $SMPL

Schwartz Investment Counsel Inc. increased its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 8.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 474,400 shares of the financial services provider’s stock after acquiring an additional 37,530 shares during the quarter. Schwartz Investment Counsel Inc. owned approximately 0.47% of Simply Good Foods worth $11,775,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada raised its stake in shares of Simply Good Foods by 9.0% during the 1st quarter. Royal Bank of Canada now owns 71,023 shares of the financial services provider’s stock worth $2,448,000 after purchasing an additional 5,893 shares during the period. AQR Capital Management LLC increased its holdings in Simply Good Foods by 3.4% during the first quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock worth $656,000 after buying an additional 617 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Simply Good Foods by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,819 shares of the financial services provider’s stock worth $1,891,000 after acquiring an additional 2,850 shares during the period. Caxton Associates LLP purchased a new position in Simply Good Foods in the first quarter valued at about $264,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Simply Good Foods by 10.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 224,229 shares of the financial services provider’s stock valued at $7,734,000 after acquiring an additional 21,696 shares during the period. Institutional investors own 88.45% of the company’s stock.

Insider Activity

In other Simply Good Foods news, CAO Timothy Allen Matthews sold 5,859 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $19.47, for a total value of $114,074.73. Following the completion of the transaction, the chief accounting officer directly owned 18,065 shares of the company’s stock, valued at $351,725.55. This trade represents a 24.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael L. Clawson purchased 5,000 shares of Simply Good Foods stock in a transaction dated Monday, November 17th. The shares were purchased at an average price of $20.00 per share, with a total value of $100,000.00. Following the completion of the transaction, the insider directly owned 37,620 shares in the company, valued at approximately $752,400. This represents a 15.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 8.76% of the stock is owned by company insiders.

Simply Good Foods Stock Performance

NASDAQ:SMPL opened at $20.93 on Monday. The business’s fifty day moving average is $19.68 and its 200 day moving average is $24.66. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 2.72 and a beta of 0.27. 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 Simply Good Foods Company has a 52-week low of $18.45 and a 52-week high of $40.01.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Thursday, January 8th. The financial services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. The business had revenue of $340.20 million during the quarter, compared to the consensus estimate of $337.64 million. Simply Good Foods had a return on equity of 9.56% and a net margin of 6.26%.The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. Research analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

SMPL has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Simply Good Foods in a report on Monday, December 29th. Zacks Research upgraded Simply Good Foods from a “strong sell” rating to a “hold” rating in a research note on Friday, December 26th. Morgan Stanley set a $24.00 price target on Simply Good Foods in a research note on Monday, October 27th. Stifel Nicolaus set a $32.00 price objective on Simply Good Foods in a research note on Friday, October 24th. Finally, Jefferies Financial Group dropped their price objective on shares of Simply Good Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, October 22nd. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $29.67.

About Simply Good Foods

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.