The Simply Good Foods Company (NASDAQ:SMPL) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in The Simply Good Foods Company (NASDAQ:SMPLFree Report) by 1.7% during the 1st quarter, Holdings Channel reports. The firm owned 50,927 shares of the financial services provider’s stock after selling 905 shares during the period. State of Alaska Department of Revenue’s holdings in Simply Good Foods were worth $1,756,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Rhumbline Advisers boosted its position in Simply Good Foods by 1.2% during the fourth quarter. Rhumbline Advisers now owns 253,799 shares of the financial services provider’s stock worth $9,893,000 after acquiring an additional 2,990 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Simply Good Foods during the fourth quarter worth approximately $318,000. CIBC Asset Management Inc acquired a new stake in Simply Good Foods during the fourth quarter worth approximately $249,000. South Dakota Investment Council acquired a new stake in Simply Good Foods during the fourth quarter worth approximately $1,191,000. Finally, Edge Capital Group LLC acquired a new stake in Simply Good Foods during the fourth quarter worth approximately $466,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of Simply Good Foods stock in a transaction on Friday, April 11th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the sale, the senior vice president now owns 12,839 shares of the company’s stock, valued at $478,252.75. The trade was a 28.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 9.35% of the company’s stock.

Wall Street Analyst Weigh In

SMPL has been the topic of a number of analyst reports. DA Davidson decreased their target price on shares of Simply Good Foods from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, June 9th. Wall Street Zen lowered shares of Simply Good Foods from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup decreased their target price on shares of Simply Good Foods from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, June 18th. Mizuho raised their target price on shares of Simply Good Foods from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, April 11th. Finally, Morgan Stanley increased their price target on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.86.

Check Out Our Latest Analysis on Simply Good Foods

Simply Good Foods Stock Performance

NASDAQ:SMPL opened at $32.60 on Tuesday. The firm’s 50 day moving average is $34.97 and its two-hundred day moving average is $36.03. The Simply Good Foods Company has a fifty-two week low of $31.25 and a fifty-two week high of $40.53. The company has a quick ratio of 2.70, a current ratio of 4.27 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.29 billion, a P/E ratio of 22.64, a P/E/G ratio of 2.71 and a beta of 0.72.

Simply Good Foods (NASDAQ:SMPLGet Free Report) last issued its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Simply Good Foods had a net margin of 10.31% and a return on equity of 10.39%. The business had revenue of $359.70 million for the quarter, compared to the consensus estimate of $354.50 million. During the same quarter last year, the firm posted $0.40 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. Analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current year.

Simply Good Foods Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Simply Good Foods (NASDAQ:SMPL)

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