The Simply Good Foods Company (NASDAQ:SMPL) Holdings Raised 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 holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 28.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 approximately 0.29% of Simply Good Foods worth $10,057,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. increased its stake in Simply Good Foods by 10.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,811,128 shares of the financial services provider's stock worth $148,558,000 after acquiring an additional 366,072 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Simply Good Foods by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,553,864 shares of the financial services provider's stock worth $138,528,000 after acquiring an additional 90,444 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in Simply Good Foods by 1.7% during the fourth 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 during the last quarter. Victory Capital Management Inc. increased its stake in Simply Good Foods by 52.1% during the first quarter. Victory Capital Management Inc. now owns 1,539,208 shares of the financial services provider's stock worth $53,087,000 after acquiring an additional 527,089 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in Simply Good Foods by 25.2% during the first quarter. Handelsbanken Fonder AB now owns 1,240,500 shares of the financial services provider's stock worth $42,785,000 after acquiring an additional 250,000 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Simply Good Foods Stock Down 2.2%

Shares of NASDAQ:SMPL traded down $0.63 during mid-day trading on Friday, hitting $28.41. 1,281,519 shares of the company traded hands, compared to its average volume of 1,308,497. The firm has a market cap of $2.86 billion, a P/E ratio of 19.87, a PEG ratio of 2.85 and a beta of 0.59. 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 Simply Good Foods Company has a 52-week low of $28.28 and a 52-week high of $40.53. The firm's 50 day simple moving average is $31.86 and its 200 day simple moving average is $34.43.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its earnings results on Thursday, July 10th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate 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 business had revenue of $380,956 billion for the quarter, compared to the consensus estimate of $381.68 million. During the same period last year, the business posted $0.50 EPS. The company's revenue was up 13.8% on a year-over-year basis. On average, equities analysts anticipate that The Simply Good Foods Company will post 1.78 EPS for the current year.

Insider Transactions at Simply Good Foods

In other Simply Good Foods news, CEO Geoff E. Tanner acquired 6,050 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were bought at an average cost of $33.11 per share, for a total transaction of $200,315.50. Following the acquisition, the chief executive officer directly owned 98,190 shares of the company's stock, valued at $3,251,070.90. This trade represents a 6.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Citigroup dropped their price target on Simply Good Foods from $43.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, June 18th. Wall Street Zen lowered Simply Good Foods from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Mizuho lowered their target price 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. UBS Group set a $36.00 target price 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 company an "outperform" rating in a report on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $39.88.

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.