The Simply Good Foods Company $SMPL Shares Acquired by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 28.3%, owning 291,588 shares worth approximately $10 million after acquiring 64,397 shares in the first quarter.
• CEO Geoff E. Tanner purchased 6,050 shares of the company, increasing his ownership by 6.57% and showcasing confidence in the firm's prospects.
• Simply Good Foods reported $0.51 earnings per share for the last quarter, surpassing analysts' expectations and showing a 13.8% increase in revenue compared to the same period last year.

Public Sector Pension Investment Board boosted its position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 28.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 291,588 shares of the financial services provider's stock after purchasing an additional 64,397 shares during the quarter. Public Sector Pension Investment Board owned about 0.29% of Simply Good Foods worth $10,057,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. increased its holdings in Simply Good Foods by 10.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,811,128 shares of the financial services provider's stock worth $148,558,000 after purchasing an additional 366,072 shares during the period. Dimensional Fund Advisors LP increased its holdings in Simply Good Foods by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,553,864 shares of the financial services provider's stock worth $138,528,000 after purchasing an additional 90,444 shares during the period. Silvercrest Asset Management Group LLC increased its holdings 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 purchasing an additional 31,855 shares during the period. Victory Capital Management Inc. increased its holdings in Simply Good Foods by 52.1% during the 1st quarter. Victory Capital Management Inc. now owns 1,539,208 shares of the financial services provider's stock worth $53,087,000 after purchasing an additional 527,089 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in Simply Good Foods by 25.2% during the 1st quarter. Handelsbanken Fonder AB now owns 1,240,500 shares of the financial services provider's stock worth $42,785,000 after purchasing an additional 250,000 shares during the period. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Geoff E. Tanner purchased 6,050 shares of the stock in a transaction on Wednesday, July 23rd. The stock was bought at an average price of $33.11 per share, with a total value of $200,315.50. Following the transaction, the chief executive officer owned 98,190 shares in the company, valued at $3,251,070.90. The trade was a 6.57% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.35% of the company's stock.

Simply Good Foods Stock Down 0.2%

SMPL stock traded down $0.07 on Monday, hitting $28.35. 432,033 shares of the company's stock were exchanged, compared to its average volume of 1,127,221. The firm has a 50 day moving average price of $31.86 and a two-hundred day moving average price of $34.38. The Simply Good Foods Company has a 12-month low of $28.25 and a 12-month high of $40.53. 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 stock has a market cap of $2.85 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its quarterly earnings results on Thursday, July 10th. The financial services provider reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. Simply Good Foods had a return on equity of 10.29% and a net margin of 9.97%. The company had revenue of $380,956 billion during the quarter, compared to analysts' expectations of $381.68 million. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm's revenue was up 13.8% compared to the same quarter last year. As a group, equities research analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SMPL. Wall Street Zen downgraded Simply Good Foods from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Citigroup cut their price target 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. DA Davidson cut their price target on Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. UBS Group set a $36.00 price target on Simply Good Foods and gave the company a "neutral" rating in a report on Tuesday, July 1st. Finally, Sanford C. Bernstein set a $45.00 target price on Simply Good Foods and gave the stock an "outperform" rating in a research note on Friday, July 11th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Simply Good Foods currently has an average rating of "Moderate Buy" and a consensus price target of $39.88.

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.