The Simply Good Foods Company $SMPL Shares Purchased 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 grew its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 27.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 about 0.08% of Simply Good Foods worth $2,827,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Simply Good Foods during the first quarter worth about $54,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Simply Good Foods during the first quarter worth approximately $55,000. Russell Investments Group Ltd. increased its stake in shares of Simply Good Foods by 2,055.7% during the first quarter. Russell Investments Group Ltd. now owns 3,018 shares of the financial services provider's stock worth $104,000 after buying an additional 2,878 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of Simply Good Foods during the first quarter worth approximately $105,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Simply Good Foods by 24.7% during the first quarter. Nisa Investment Advisors LLC now owns 3,808 shares of the financial services provider's stock worth $131,000 after buying an additional 754 shares during the period. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SMPL shares. Stifel Nicolaus cut their target price 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. UBS Group set a $36.00 price objective on Simply Good Foods and gave the company a "neutral" rating in a report on Tuesday, July 1st. Mizuho decreased their price objective on Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating for the company in a report on Tuesday, July 15th. Citigroup decreased their price objective 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. Finally, DA Davidson decreased their price objective on Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating for the company in a report on Monday, June 9th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $39.88.

Simply Good Foods Price Performance

Simply Good Foods stock traded up $0.01 during midday trading on Friday, reaching $28.65. 124,110 shares of the company were exchanged, compared to its average volume of 1,115,100. The firm's 50-day simple moving average is $31.12 and its 200-day simple moving average is $33.90. 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 capitalization of $2.88 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 2.86 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 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.51. Simply Good Foods had a return on equity of 10.29% and a net margin of 9.97%.The firm had revenue of $380.96 million for the quarter, compared to analyst estimates of $381.68 million. During the same period last year, the company earned $0.50 EPS. The firm's quarterly revenue was up 13.8% on a year-over-year basis. On average, analysts anticipate that The Simply Good Foods Company will post 1.78 EPS for the current year.

Insider Buying and Selling at Simply Good Foods

In related news, CEO Geoff E. Tanner purchased 6,050 shares of Simply Good Foods stock in a transaction that occurred on Wednesday, July 23rd. The shares were purchased at an average cost of $33.11 per share, with a total value of $200,315.50. Following the transaction, the chief executive officer owned 98,190 shares of the company's stock, valued at approximately $3,251,070.90. The trade was a 6.57% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 9.35% of the stock is owned by corporate insiders.

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.