The Simply Good Foods Company (NASDAQ:SMPL) Shares Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC boosted its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 15.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,745 shares of the financial services provider’s stock after acquiring an additional 1,196 shares during the period. Diversify Wealth Management LLC’s holdings in Simply Good Foods were worth $282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SMPL. New York State Teachers Retirement System grew its stake in shares of Simply Good Foods by 7.4% during the third quarter. New York State Teachers Retirement System now owns 112,055 shares of the financial services provider’s stock worth $3,896,000 after purchasing an additional 7,736 shares in the last quarter. Boston Trust Walden Corp purchased a new stake in Simply Good Foods during the 3rd quarter worth about $80,270,000. Schwartz Investment Counsel Inc. acquired a new position in shares of Simply Good Foods during the 3rd quarter worth about $7,562,000. AlphaMark Advisors LLC purchased a new position in shares of Simply Good Foods in the 3rd quarter valued at about $344,000. Finally, nVerses Capital LLC purchased a new position in shares of Simply Good Foods in the 3rd quarter valued at about $275,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens lowered their target price on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Simply Good Foods presently has a consensus rating of “Moderate Buy” and an average price target of $40.50.

Simply Good Foods Stock Performance

Shares of SMPL stock opened at $34.10 on Friday. The Simply Good Foods Company has a 52-week low of $30.00 and a 52-week high of $43.00. The stock’s 50-day moving average price is $33.44 and its 200 day moving average price is $34.79. The company has a quick ratio of 2.75, a current ratio of 4.05 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $3.42 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 2.95 and a beta of 0.63.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. The business had revenue of $375.70 million for the quarter, compared to analyst estimates of $373.07 million. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. The business’s revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 earnings per share. As a group, equities research analysts forecast that The Simply Good Foods Company will post 1.79 EPS for the current year.

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.