The Simply Good Foods Company $SMPL Shares Sold by Amundi

Key Points

• Amundi has reduced its stake in The Simply Good Foods Company ($SMPL) by 19.1%, selling 10,332 shares and holding a total of 43,866 shares valued at $1.52 million as of the latest filing.
• CEO Geoff E. Tanner increased his ownership by purchasing 6,050 shares at an average price of $33.11, bringing his total to 98,190 shares, valued at about $3.25 million.
• Simply Good Foods reported an EPS of $0.51 for the last quarter, matching analyst expectations, and a 13.8% year-over-year revenue increase despite slight underperformance against revenue expectations.

Amundi cut its stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 19.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,866 shares of the financial services provider's stock after selling 10,332 shares during the quarter. Amundi's holdings in Simply Good Foods were worth $1,523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SMPL. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Simply Good Foods in the 1st quarter worth approximately $54,000. Caitong International Asset Management Co. Ltd purchased a new position in Simply Good Foods in the 1st quarter worth approximately $55,000. Quarry LP lifted its stake in Simply Good Foods by 59.7% in the 1st quarter. Quarry LP now owns 2,009 shares of the financial services provider's stock worth $69,000 after purchasing an additional 751 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Simply Good Foods by 2,055.7% in the 1st quarter. Russell Investments Group Ltd. now owns 3,018 shares of the financial services provider's stock worth $104,000 after purchasing an additional 2,878 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in Simply Good Foods in the 1st quarter worth approximately $105,000. 88.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Geoff E. Tanner bought 6,050 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was purchased at an average price of $33.11 per share, for a total transaction of $200,315.50. Following the acquisition, the chief executive officer owned 98,190 shares of the company's stock, valued at approximately $3,251,070.90. This trade represents a 6.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 9.35% of the company's stock.

Simply Good Foods Trading Up 1.3%

Shares of NASDAQ SMPL traded up $0.35 during midday trading on Thursday, reaching $26.88. 1,188,674 shares of the stock were exchanged, compared to its average volume of 1,178,626. The company has a 50 day simple moving average of $29.83 and a 200 day simple moving average of $32.89. The stock has a market capitalization of $2.70 billion, a P/E ratio of 18.80, a PEG ratio of 2.45 and a beta of 0.59. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.46 and a current ratio of 3.95. The Simply Good Foods Company has a twelve month low of $26.13 and a twelve month high of $40.53.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.51. The business had revenue of $380.96 million during the quarter, compared to the consensus estimate of $381.68 million. Simply Good Foods had a net margin of 9.97% and a return on equity of 10.29%. The business's revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 EPS. As a group, equities analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Simply Good Foods from $40.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, June 27th. DA Davidson decreased their target price on shares of Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating on the stock in a research note on Monday, June 9th. Mizuho decreased their target price on shares of Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 15th. Citigroup decreased their target price on shares of Simply Good Foods from $43.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, June 18th. Finally, Wall Street Zen downgraded shares of Simply Good Foods from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.88.

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.