Exchange Traded Concepts LLC Acquires 2,188 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Exchange Traded Concepts LLC raised its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,512 shares of the financial services provider’s stock after buying an additional 2,188 shares during the period. Exchange Traded Concepts LLC’s holdings in Simply Good Foods were worth $2,086,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Simply Good Foods in the third quarter valued at approximately $27,391,000. Mutual of America Capital Management LLC grew its position in shares of Simply Good Foods by 21.0% in the third quarter. Mutual of America Capital Management LLC now owns 187,549 shares of the financial services provider’s stock valued at $6,521,000 after purchasing an additional 32,561 shares during the last quarter. Quest Partners LLC grew its position in shares of Simply Good Foods by 65.0% in the third quarter. Quest Partners LLC now owns 41,277 shares of the financial services provider’s stock valued at $1,435,000 after purchasing an additional 16,268 shares during the last quarter. Tidal Investments LLC grew its position in shares of Simply Good Foods by 42.7% in the third quarter. Tidal Investments LLC now owns 51,664 shares of the financial services provider’s stock valued at $1,796,000 after purchasing 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 and hedge funds own 88.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on SMPL shares. Mizuho decreased their target price on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Citigroup reduced their price target on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Stephens reduced their price target 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.22.

Simply Good Foods Stock Down 0.3 %

NASDAQ SMPL opened at $37.50 on Monday. The business has a fifty day moving average price of $38.06 and a two-hundred day moving average price of $35.35. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $40.53. The stock has a market capitalization of $3.79 billion, a PE ratio of 26.60, a PEG ratio of 3.24 and a beta of 0.67.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The company had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $347.32 million. During the same period in the prior year, the company earned $0.43 EPS. Simply Good Foods’s revenue was up 10.6% compared to the same quarter last year. Equities analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Timothy Richard Kraft sold 76,761 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $37.60, for a total transaction of $2,886,213.60. Following the completion of the transaction, the insider now directly owns 40,068 shares of the company’s stock, valued at $1,506,556.80. This trade represents a 65.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Scalzo sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $35.99, for a total value of $899,750.00. Following the transaction, the director now directly owns 139,204 shares of the company’s stock, valued at approximately $5,009,951.96. This represents a 15.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 327,869 shares of company stock worth $12,139,570. Insiders own 9.35% of the company’s stock.

Simply Good Foods Company 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.