SG Americas Securities LLC Takes Position in The Simply Good Foods Company (NASDAQ:SMPL)

SG Americas Securities LLC acquired a new position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,635 shares of the financial services provider's stock, valued at approximately $712,000.

A number of other hedge funds have also recently made changes to their positions in SMPL. FMR LLC raised its position in Simply Good Foods by 86.5% in the fourth quarter. FMR LLC now owns 9,566,199 shares of the financial services provider's stock valued at $372,890,000 after purchasing an additional 4,437,372 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in shares of Simply Good Foods by 10.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,811,128 shares of the financial services provider's stock valued at $148,558,000 after buying an additional 366,072 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Simply Good Foods by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,553,864 shares of the financial services provider's stock valued at $138,528,000 after buying an additional 90,444 shares during the period. Wellington Management Group LLP lifted its stake in Simply Good Foods by 23.5% during the 4th quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider's stock worth $138,232,000 after acquiring an additional 674,618 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its stake in Simply Good Foods by 1.7% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,916,389 shares of the financial services provider's stock worth $74,701,000 after acquiring an additional 31,855 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company's stock.

Insider Transactions at Simply Good Foods

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the completion of the sale, the senior vice president now owns 12,839 shares in the company, valued at approximately $478,252.75. This represents a 28.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.35% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SMPL. Morgan Stanley boosted 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 note on Thursday, April 10th. Mizuho upped their target price on shares of Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a research note on Friday, April 11th. Wall Street Zen cut shares of Simply Good Foods from a "buy" rating to a "hold" rating in a research report on Saturday. 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 for the company. Finally, DA Davidson reduced their price objective on 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Simply Good Foods presently has an average rating of "Moderate Buy" and a consensus target price of $40.86.

Simply Good Foods Stock Up 0.4%

Shares of SMPL traded up $0.12 during midday trading on Tuesday, reaching $32.72. The stock had a trading volume of 1,145,700 shares, compared to its average volume of 960,199. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 2.71 and a beta of 0.72. The company's fifty day simple moving average is $34.97 and its two-hundred day simple moving average is $36.03. The Simply Good Foods Company has a 1-year low of $31.25 and a 1-year high of $40.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.27 and a quick ratio of 2.70.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. The business had revenue of $359.70 million during the quarter, compared to analysts' expectations of $354.50 million. Simply Good Foods had a net margin of 10.31% and a return on equity of 10.39%. The company's revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 EPS. Equities research analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

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.