Public Sector Pension Investment Board Sells 6,900 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Public Sector Pension Investment Board lessened its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,308 shares of the financial services provider’s stock after selling 6,900 shares during the period. Public Sector Pension Investment Board owned about 0.19% of Simply Good Foods worth $6,721,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SMPL. Glenmede Trust Co. NA grew its holdings in shares of Simply Good Foods by 5.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,452 shares of the financial services provider’s stock valued at $468,000 after purchasing an additional 702 shares during the last quarter. Cynosure Group LLC boosted its position in Simply Good Foods by 4.9% in the third quarter. Cynosure Group LLC now owns 10,659 shares of the financial services provider’s stock valued at $371,000 after buying an additional 500 shares in the last quarter. Townsquare Capital LLC grew its stake in shares of Simply Good Foods by 3.0% during the third quarter. Townsquare Capital LLC now owns 59,897 shares of the financial services provider’s stock worth $2,083,000 after buying an additional 1,741 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Simply Good Foods by 2,015.4% during the third quarter. Quantbot Technologies LP now owns 92,971 shares of the financial services provider’s stock worth $3,233,000 after buying an additional 88,576 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Simply Good Foods by 20.0% in the 3rd quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock valued at $178,329,000 after acquiring an additional 855,070 shares during the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Insider Activity at Simply Good Foods

In other Simply Good Foods news, insider Timothy Richard Kraft sold 76,761 shares of Simply Good Foods stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $37.60, for a total value of $2,886,213.60. Following the completion of the sale, the insider now directly owns 40,068 shares in the company, valued at approximately $1,506,556.80. The trade was a 65.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Scalzo sold 25,000 shares of the stock in a transaction that occurred 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 owns 139,204 shares in the company, valued at $5,009,951.96. The trade was a 15.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 327,869 shares of company stock worth $12,139,570 over the last quarter. Company insiders own 10.98% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on SMPL. Stephens reduced 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. 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 report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $40.78.

Simply Good Foods Trading Down 0.3 %

Shares of SMPL stock opened at $39.79 on Friday. 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 current ratio of 4.05, a quick ratio of 2.75 and a debt-to-equity ratio of 0.23. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 3.53 and a beta of 0.64. The stock has a 50-day moving average of $35.34 and a 200-day moving average of $35.11.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. The business had revenue of $375.70 million during the quarter, compared to the consensus estimate of $373.07 million. During the same quarter in the prior year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities research analysts forecast that The Simply Good Foods Company will post 1.76 earnings per share for the current year.

About Simply Good Foods

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.