Congress Wealth Management LLC DE Has $6.77 Million Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Congress Wealth Management LLC DE lifted its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 5.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 198,854 shares of the financial services provider’s stock after purchasing an additional 10,376 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Simply Good Foods were worth $6,767,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Simply Good Foods by 2.4% in the third quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider’s stock worth $379,461,000 after purchasing an additional 259,144 shares during the period. Boston Partners acquired a new stake in Simply Good Foods in the fourth quarter worth $20,242,000. Congress Asset Management Co. MA grew its holdings in Simply Good Foods by 9.5% in the fourth quarter. Congress Asset Management Co. MA now owns 1,222,857 shares of the financial services provider’s stock worth $48,425,000 after purchasing an additional 105,912 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Simply Good Foods by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 852,189 shares of the financial services provider’s stock worth $33,747,000 after purchasing an additional 47,393 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Simply Good Foods by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,892,217 shares of the financial services provider’s stock worth $114,535,000 after purchasing an additional 82,235 shares during the period. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Morgan Stanley restated an “overweight” rating and issued a $42.00 price target on shares of Simply Good Foods in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Friday, June 14th. Needham & Company LLC restated a “buy” rating and issued a $41.00 price target on shares of Simply Good Foods in a report on Friday. TD Cowen started coverage on shares of Simply Good Foods in a report on Monday, April 22nd. They set a “hold” rating and a $34.00 price objective for the company. Finally, Mizuho reiterated a “buy” rating and set a $50.00 price objective on shares of Simply Good Foods in a report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.29.

Simply Good Foods Stock Down 1.0 %

Shares of NASDAQ SMPL traded down $0.36 during mid-day trading on Monday, reaching $35.77. 817,601 shares of the company’s stock traded hands, compared to its average volume of 872,474. The stock has a market cap of $3.58 billion, a P/E ratio of 24.67, a PEG ratio of 2.12 and a beta of 0.65. The business has a 50-day simple moving average of $36.77 and a 200 day simple moving average of $36.58. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $43.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.19 and a quick ratio of 4.05.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, June 27th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Simply Good Foods had a net margin of 11.49% and a return on equity of 10.28%. The company had revenue of $334.80 million for the quarter, compared to analyst estimates of $337.66 million. During the same period last year, the firm earned $0.40 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. On average, analysts expect that The Simply Good Foods Company will post 1.7 EPS for the current fiscal year.

Insider Activity at Simply Good Foods

In related news, Director James D. White sold 4,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $38.17, for a total transaction of $152,680.00. Following the transaction, the director now directly owns 17,027 shares of the company’s stock, valued at $649,920.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.98% of the stock is owned by insiders.

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.