The Simply Good Foods Company $SMPL Stake Reduced by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC decreased its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 68.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,226 shares of the financial services provider’s stock after selling 49,736 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Simply Good Foods were worth $466,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of SMPL. Marshall Wace LLP bought a new position in shares of Simply Good Foods in the third quarter worth $31,825,000. Millennium Management LLC grew its stake in shares of Simply Good Foods by 482.7% in the third quarter. Millennium Management LLC now owns 1,246,236 shares of the financial services provider’s stock worth $30,932,000 after purchasing an additional 1,032,358 shares in the last quarter. Voloridge Investment Management LLC grew its stake in shares of Simply Good Foods by 781.1% in the third quarter. Voloridge Investment Management LLC now owns 902,397 shares of the financial services provider’s stock worth $22,397,000 after purchasing an additional 799,983 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Simply Good Foods by 119.5% in the third quarter. Qube Research & Technologies Ltd now owns 1,313,726 shares of the financial services provider’s stock worth $32,607,000 after purchasing an additional 715,110 shares in the last quarter. Finally, Shapiro Capital Management LLC bought a new position in shares of Simply Good Foods in the third quarter worth $17,175,000. Institutional investors own 88.45% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on SMPL shares. BTIG Research started coverage on Simply Good Foods in a report on Monday, April 13th. They issued a “neutral” rating for the company. Morgan Stanley cut their price objective on Simply Good Foods from $24.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. DA Davidson restated a “neutral” rating and issued a $39.00 price objective on shares of Simply Good Foods in a report on Friday, April 10th. TD Cowen cut their price objective on Simply Good Foods from $20.00 to $13.00 and set a “hold” rating for the company in a report on Friday, April 10th. Finally, Mizuho set a $19.00 price objective on Simply Good Foods in a report on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $21.64.

Insiders Place Their Bets

In related news, Director Clayton C. Daley, Jr. bought 10,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $11.78 per share, with a total value of $117,800.00. Following the completion of the transaction, the director directly owned 111,743 shares of the company’s stock, valued at approximately $1,316,332.54. This trade represents a 9.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James M. Kilts bought 80,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were bought at an average cost of $12.39 per share, for a total transaction of $991,200.00. Following the completion of the transaction, the director directly owned 172,854 shares of the company’s stock, valued at $2,141,661.06. This trade represents a 86.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 8.76% of the stock is owned by insiders.

Simply Good Foods Stock Up 2.2%

Shares of Simply Good Foods stock opened at $11.86 on Friday. The stock’s fifty day moving average is $13.00 and its 200-day moving average is $16.77. The firm has a market capitalization of $1.07 billion, a PE ratio of -9.97 and a beta of 0.21. The company has a quick ratio of 2.87, a current ratio of 5.06 and a debt-to-equity ratio of 0.27. The Simply Good Foods Company has a 12-month low of $10.21 and a 12-month high of $35.15.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Thursday, April 9th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $326.01 million for the quarter, compared to analyst estimates of $345.08 million. Simply Good Foods had a positive return on equity of 9.72% and a negative net margin of 7.46%.Simply Good Foods’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 earnings per share. Equities analysts anticipate that The Simply Good Foods Company will post 1.54 earnings per share for the current year.

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.