Schwartz Investment Counsel Inc. Has $12.36 Million Stock Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Schwartz Investment Counsel Inc. grew its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 18.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 358,370 shares of the financial services provider's stock after purchasing an additional 55,470 shares during the quarter. Schwartz Investment Counsel Inc. owned approximately 0.35% of Simply Good Foods worth $12,360,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CIBC Private Wealth Group LLC boosted its stake in Simply Good Foods by 72.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock worth $38,000 after acquiring an additional 445 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of 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 purchasing an additional 1,229 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Simply Good Foods by 13.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock valued at $98,000 after buying an additional 300 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Simply Good Foods by 119.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider's stock valued at $112,000 after buying an additional 1,555 shares in the last quarter. Finally, Covestor Ltd raised its stake 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 worth $190,000 after buying an additional 1,515 shares during the period. Institutional investors and hedge funds own 88.45% of the company's stock.

Simply Good Foods Stock Up 2.7%

NASDAQ:SMPL traded up $0.84 on Tuesday, hitting $32.43. 1,182,151 shares of the company's stock were exchanged, compared to its average volume of 1,042,396. The firm has a 50-day moving average price of $34.46 and a 200-day moving average price of $35.77. The Simply Good Foods Company has a 52 week low of $31.25 and a 52 week 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. The company has a market cap of $3.28 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 2.91 and a beta of 0.72.

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 the consensus estimate of $0.40 by $0.06. Simply Good Foods had a return on equity of 10.39% and a net margin of 10.31%. The business had revenue of $359.70 million for the quarter, compared to analyst estimates of $354.50 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. Simply Good Foods's revenue was up 15.2% on a year-over-year basis. As a group, analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SMPL shares. Citigroup lowered their price target on Simply Good Foods from $43.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, June 18th. Wall Street Zen lowered shares of Simply Good Foods from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. UBS Group lowered their price objective on shares of Simply Good Foods from $41.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday. Stifel Nicolaus cut their price objective on shares of Simply Good Foods from $40.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Mizuho increased their target price 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 four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $39.71.

Insider Buying and Selling at Simply Good Foods

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the transaction, the senior vice president directly owned 12,839 shares in the company, valued at approximately $478,252.75. The trade was 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 hyperlink. 9.35% of the stock is owned by company insiders.

Simply Good Foods 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.