By otakuyassine3@gmail.com 
Moody Aldrich Partners LLC raised its holdings in The Simply Good Foods Company (NASDAQ:SMPL – Free Report) by 47.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 141,410 shares of the financial services provider’s stock after buying an additional 45,738 shares during the period. Simply Good Foods accounts for about 1.0% of Moody Aldrich Partners LLC’s portfolio, making the stock its 27th largest holding. Moody Aldrich Partners LLC’s holdings in Simply Good Foods were worth $5,512,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new position in Simply Good Foods during the third quarter worth $27,391,000. Mutual of America Capital Management LLC boosted its position in Simply Good Foods by 21.0% during the third quarter. Mutual of America Capital Management LLC now owns 187,549 shares of the financial services provider’s stock worth $6,521,000 after purchasing an additional 32,561 shares during the period. Quest Partners LLC raised its holdings in Simply Good Foods by 65.0% in the 3rd quarter. Quest Partners LLC now owns 41,277 shares of the financial services provider’s stock valued at $1,435,000 after acquiring an additional 16,268 shares during the period. Tidal Investments LLC lifted its position in Simply Good Foods by 42.7% during the third quarter. Tidal Investments LLC now owns 51,664 shares of the financial services provider’s stock worth $1,796,000 after acquiring an additional 15,455 shares during the last quarter. Finally, FMR LLC grew its position in shares of Simply Good Foods by 20.0% in the third quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock valued at $178,329,000 after purchasing an additional 855,070 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.
Simply Good Foods Stock Performance
NASDAQ SMPL opened at $38.14 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. The company has a market capitalization of $3.85 billion, a P/E ratio of 27.05, a P/E/G ratio of 3.24 and a beta of 0.67. The company has a fifty day moving average of $38.09 and a 200-day moving average of $35.38. The Simply Good Foods Company has a 52-week low of $30.00 and a 52-week high of $40.53.
Simply Good Foods (NASDAQ:SMPL – Get Free Report) last posted its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The company had revenue of $341.30 million during the quarter, compared to analyst estimates of $347.32 million. During the same period in the prior year, the business posted $0.43 earnings per share. Simply Good Foods’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, equities research analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Stephens lowered their price objective on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Mizuho dropped their price objective on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Finally, Citigroup dropped their price target on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.22.
Read Our Latest Stock Analysis on SMPL
Insider Transactions at Simply Good Foods
In other news, insider Timothy Richard Kraft sold 76,761 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $37.60, for a total value of $2,886,213.60. Following the transaction, the insider now owns 40,068 shares of the company’s stock, valued at approximately $1,506,556.80. The trade was a 65.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph Scalzo sold 2,374 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $36.23, for a total value of $86,010.02. Following the completion of the sale, the director now owns 136,830 shares in the company, valued at $4,957,350.90. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 327,869 shares of company stock worth $12,139,570 over the last quarter. 9.35% of the stock is currently owned by insiders.
Simply Good Foods Profile
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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