Harbor Capital Advisors Inc. Has $970,000 Position in The Simply Good Foods Company $SMPL

Harbor Capital Advisors Inc. grew its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 14,004.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,070 shares of the financial services provider’s stock after purchasing an additional 38,793 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Simply Good Foods were worth $970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Congress Asset Management Co. lifted its stake in Simply Good Foods by 8.5% in the third 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. Osaic Holdings Inc. increased its stake in shares of 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 acquiring an additional 1,048 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of Simply Good Foods by 58.0% in the 2nd quarter. Squarepoint Ops LLC now owns 71,093 shares of the financial services provider’s stock valued at $2,246,000 after acquiring an additional 26,093 shares in the last quarter. State of Wyoming acquired a new position in shares of Simply Good Foods during the 2nd quarter valued at $87,000. Finally, Public Sector Pension Investment Board boosted its stake in Simply Good Foods by 7.4% during the second quarter. Public Sector Pension Investment Board now owns 313,108 shares of the financial services provider’s stock worth $9,891,000 after acquiring an additional 21,520 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Timothy Allen Matthews sold 5,859 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly owned 18,065 shares of the company’s stock, valued at $351,725.55. This represents a 24.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael L. Clawson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were acquired at an average cost 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 of the company’s stock, valued at $752,400. The trade was a 15.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 8.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Stifel Nicolaus set a $32.00 price target on shares of Simply Good Foods in a research note on Friday, October 24th. Zacks Research downgraded Simply Good Foods from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Mizuho dropped their price target on Simply Good Foods from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Simply Good Foods in a report on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $22.00 price objective on shares of Simply Good Foods in a research note on Monday, December 15th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $30.22.

Simply Good Foods Trading Up 1.1%

NASDAQ SMPL opened at $19.98 on Friday. The company has a current ratio of 3.64, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $19.91 and a 200 day simple moving average of $25.99. The Simply Good Foods Company has a 12 month low of $18.45 and a 12 month high of $40.01. The firm has a market capitalization of $1.90 billion, a P/E ratio of 19.59, a PEG ratio of 5.01 and a beta of 0.37.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Thursday, October 23rd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). Simply Good Foods had a return on equity of 10.06% and a net margin of 7.14%.The firm had revenue of $369.04 million during the quarter, compared to the consensus estimate of $369.07 million. During the same quarter in the previous year, the company earned $0.50 EPS. The business’s revenue was down 1.8% compared to the same quarter last year. On average, analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

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.