Janus Henderson Group PLC Sells 10,184 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Janus Henderson Group PLC lessened its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 1.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 762,000 shares of the financial services provider’s stock after selling 10,184 shares during the period. Janus Henderson Group PLC owned about 0.76% of Simply Good Foods worth $26,494,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SMPL. GAMMA Investing LLC increased its position in shares of Simply Good Foods by 182.4% during the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 549 shares during the last quarter. SG Americas Securities LLC lifted its stake in Simply Good Foods by 671.9% in the second quarter. SG Americas Securities LLC now owns 30,697 shares of the financial services provider’s stock valued at $1,109,000 after acquiring an additional 26,720 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Simply Good Foods in the 2nd quarter valued at about $224,000. Diversified Trust Co increased its stake in shares of Simply Good Foods by 8.6% during the 2nd quarter. Diversified Trust Co now owns 35,143 shares of the financial services provider’s stock worth $1,270,000 after purchasing an additional 2,790 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC raised its holdings in shares of Simply Good Foods by 14.4% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 9,307 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 1,172 shares during the period. 88.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SMPL has been the topic of a number of recent analyst reports. Citigroup lowered 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. Stephens decreased their target price on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.78.

Insider Buying and Selling at Simply Good Foods

In other news, Director Joseph Scalzo sold 147,200 shares of Simply Good Foods stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $36.86, for a total value of $5,425,792.00. Following the completion of the sale, the director now directly owns 141,439 shares in the company, valued at approximately $5,213,441.54. The trade was a 51.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timothy Richard Kraft sold 76,761 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 40,068 shares of the company’s stock, valued at approximately $1,506,556.80. This trade represents a 65.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 327,869 shares of company stock valued at $12,139,570 in the last quarter. Company insiders own 10.98% of the company’s stock.

Simply Good Foods Stock Performance

NASDAQ:SMPL opened at $39.17 on Friday. The stock has a 50 day simple moving average of $35.85 and a 200 day simple moving average of $35.18. The stock has a market cap of $3.93 billion, a P/E ratio of 28.38, a PEG ratio of 3.51 and a beta of 0.67. 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.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The company had revenue of $375.70 million during the quarter, compared to the consensus estimate of $373.07 million. During the same quarter last year, the firm earned $0.41 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. Research analysts anticipate 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.