Boston Trust Walden Corp Buys 31,455 Shares of The Simply Good Foods Company $SMPL

Key Points

• Boston Trust Walden Corp increased its stake in The Simply Good Foods Company by 1.0%, acquiring an additional 31,455 shares, bringing its total ownership to approximately 3.02% valued at $95.8 million.
• CEO Geoff E. Tanner purchased 6,050 shares at $33.11 each, resulting in a 6.57% increase in his ownership position.
• Recent analyst reports show mixed sentiment for Simply Good Foods, with UBS lowering its price target from $36.00 to $27.00, while other firms like Stifel Nicolaus maintain a "buy" rating with a price target of $38.00.

Boston Trust Walden Corp grew its stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 1.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,034,123 shares of the financial services provider's stock after purchasing an additional 31,455 shares during the period. Boston Trust Walden Corp owned approximately 3.02% of Simply Good Foods worth $95,848,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Yousif Capital Management LLC lifted its stake in shares of Simply Good Foods by 1.0% in the 2nd quarter. Yousif Capital Management LLC now owns 34,173 shares of the financial services provider's stock valued at $1,080,000 after purchasing an additional 341 shares during the last quarter. Xponance Inc. lifted its stake in shares of Simply Good Foods by 5.8% during the 1st quarter. Xponance Inc. now owns 7,325 shares of the financial services provider's stock worth $253,000 after acquiring an additional 402 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its stake in shares of Simply Good Foods by 3.1% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 16,212 shares of the financial services provider's stock worth $559,000 after acquiring an additional 484 shares during the last quarter. Van Hulzen Asset Management LLC lifted its stake in shares of Simply Good Foods by 1.4% during the 1st quarter. Van Hulzen Asset Management LLC now owns 36,886 shares of the financial services provider's stock worth $1,272,000 after acquiring an additional 522 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Simply Good Foods by 9.8% during the 2nd quarter. Blue Trust Inc. now owns 6,050 shares of the financial services provider's stock worth $191,000 after acquiring an additional 542 shares during the last quarter. 88.45% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Geoff E. Tanner purchased 6,050 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were acquired at an average cost 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 $3,251,070.90. The trade was a 6.57% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. UBS Group decreased their price target on Simply Good Foods from $36.00 to $27.00 and set a "neutral" rating for the company in a research note on Wednesday, October 8th. Stifel Nicolaus decreased their price target on Simply Good Foods from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, June 27th. Mizuho decreased their price target on Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating for the company in a research note on Tuesday, July 15th. Wall Street Zen downgraded Simply Good Foods from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Citigroup reduced their price objective on Simply Good Foods from $43.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, June 18th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $38.75.

Simply Good Foods Trading Up 0.5%

Shares of NASDAQ:SMPL opened at $24.12 on Tuesday. The Simply Good Foods Company has a 12-month low of $23.50 and a 12-month high of $40.53. The business's fifty day simple moving average is $27.26 and its 200-day simple moving average is $31.71. The company has a market capitalization of $2.43 billion, a PE ratio of 16.87, a P/E/G ratio of 2.56 and a beta of 0.53. The company has a current ratio of 3.95, a quick ratio of 2.46 and a debt-to-equity ratio of 0.14.

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.

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