The Simply Good Foods Company $SMPL Shares Bought by CW Advisors LLC

Key Points

• CW Advisors LLC has increased its stake in Simply Good Foods by 27.7%, owning 81,965 shares valued at approximately $2.83 million after purchasing 17,764 additional shares.
• Simply Good Foods reported $0.51 earnings per share for the last quarter, surpassing analysts' estimates and showing a 13.8% increase in year-over-year revenue.
• Insider trading activity included CEO Geoff E. Tanner buying 6,050 shares at an average price of $33.11, increasing his ownership by 6.57%.

CW Advisors LLC boosted its position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 27.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,965 shares of the financial services provider's stock after purchasing an additional 17,764 shares during the period. CW Advisors LLC owned approximately 0.08% of Simply Good Foods worth $2,827,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in Simply Good Foods by 3.3% during the 4th quarter. LPL Financial LLC now owns 9,890 shares of the financial services provider's stock valued at $386,000 after purchasing an additional 315 shares in the last quarter. Xponance Inc. grew its holdings in Simply Good Foods by 5.8% during the 1st quarter. Xponance Inc. now owns 7,325 shares of the financial services provider's stock valued at $253,000 after purchasing an additional 402 shares in the last quarter. Alliance Wealth Advisors LLC UT grew its holdings in Simply Good Foods by 3.1% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 16,212 shares of the financial services provider's stock valued at $559,000 after purchasing an additional 484 shares in the last quarter. Cetera Investment Advisers grew its holdings in Simply Good Foods by 10.0% during the 1st quarter. Cetera Investment Advisers now owns 6,124 shares of the financial services provider's stock valued at $211,000 after purchasing an additional 555 shares in the last quarter. Finally, Bayforest Capital Ltd grew its holdings in Simply Good Foods by 13.8% during the 1st quarter. Bayforest Capital Ltd now owns 4,599 shares of the financial services provider's stock valued at $159,000 after purchasing an additional 557 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Simply Good Foods Trading Up 2.7%

Simply Good Foods stock opened at $30.17 on Friday. The firm's 50-day moving average is $31.43 and its 200-day moving average is $34.11. 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 1 year low of $28.14 and a 1 year high of $40.53. The company has a market cap of $3.03 billion, a P/E ratio of 21.10, a PEG ratio of 2.96 and a beta of 0.59.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings results on Thursday, July 10th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. Simply Good Foods had a net margin of 9.97% and a return on equity of 10.29%. The company 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 firm posted $0.50 EPS. The company's revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Insider Activity

In other Simply Good Foods news, CEO Geoff E. Tanner purchased 6,050 shares of Simply Good Foods stock in a transaction dated 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 transaction, the chief executive officer owned 98,190 shares in the company, valued at $3,251,070.90. This represents a 6.57% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SMPL shares. Mizuho lowered their price target on shares of Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating for the company in a report on Tuesday, July 15th. DA Davidson reduced their price objective on shares of 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. Stifel Nicolaus reduced 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 note on Friday, June 27th. Citigroup reduced their price objective on shares of Simply Good Foods from $43.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, June 18th. Finally, Sanford C. Bernstein set a $45.00 price objective on shares of Simply Good Foods and gave the company an "outperform" rating in a research note on Friday, July 11th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $39.88.

About Simply Good Foods

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.

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