The Simply Good Foods Company (NASDAQ:SMPL) Stock Position Lifted by Congress Asset Management Co.

Congress Asset Management Co. lifted its position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 14.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 358,294 shares of the financial services provider's stock after acquiring an additional 44,622 shares during the period. Congress Asset Management Co. owned about 0.35% of Simply Good Foods worth $12,358,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised its holdings in shares of Simply Good Foods by 72.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock worth $38,000 after purchasing an additional 445 shares during the period. Smartleaf Asset Management LLC raised its stake in Simply Good Foods by 255.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock worth $66,000 after acquiring an additional 1,229 shares during the period. Quadrant Capital Group LLC lifted its holdings in Simply Good Foods by 13.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock worth $98,000 after acquiring an additional 300 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Simply Good Foods by 119.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider's stock valued at $112,000 after acquiring an additional 1,555 shares during the period. Finally, Covestor Ltd boosted its position in Simply Good Foods by 45.2% during the 4th quarter. Covestor Ltd now owns 4,869 shares of the financial services provider's stock valued at $190,000 after purchasing an additional 1,515 shares during the period. 88.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the firm's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $37.25, for a total value of $186,250.00. Following the completion of the transaction, the senior vice president now directly owns 12,839 shares in the company, valued at $478,252.75. This trade represents a 28.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 9.35% of the stock is currently owned by company insiders.

Simply Good Foods Price Performance

NASDAQ SMPL traded down $0.95 on Wednesday, reaching $33.02. 681,782 shares of the stock traded hands, compared to its average volume of 942,405. The Simply Good Foods Company has a 12 month low of $31.25 and a 12 month high of $40.53. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 3.23 and a beta of 0.72. The firm's fifty day simple moving average is $35.44 and its 200 day simple moving average is $36.49. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The firm had revenue of $359.70 million for the quarter, compared to analyst estimates of $354.50 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. Simply Good Foods's revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share. As a group, research analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Morgan Stanley upped their price target on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. Wall Street Zen upgraded shares of Simply Good Foods from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. UBS Group began coverage on shares of Simply Good Foods in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $41.00 price target on the stock. DA Davidson reduced their price objective on Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday. Finally, Mizuho increased their price objective on Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, April 11th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $40.67.

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.