Tidal Investments LLC Sells 10,280 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Tidal Investments LLC decreased its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,384 shares of the financial services provider's stock after selling 10,280 shares during the quarter. Tidal Investments LLC's holdings in Simply Good Foods were worth $1,613,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SMPL. Silvercrest Asset Management Group LLC grew its stake in shares of 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 purchasing an additional 31,855 shares in the last quarter. ProShare Advisors LLC raised its holdings in Simply Good Foods by 41.6% during the fourth quarter. ProShare Advisors LLC now owns 28,624 shares of the financial services provider's stock worth $1,116,000 after purchasing an additional 8,415 shares in the last quarter. Man Group plc purchased a new position in Simply Good Foods in the fourth quarter valued at about $10,170,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Simply Good Foods by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,969 shares of the financial services provider's stock valued at $2,026,000 after buying an additional 2,018 shares in the last quarter. Finally, J. Goldman & Co LP acquired a new stake in shares of Simply Good Foods in the fourth quarter valued at approximately $1,349,000. Hedge funds and other institutional investors own 88.45% of the company's stock.

Insiders Place Their Bets

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the company's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $37.25, for a total value of $186,250.00. Following the transaction, the senior vice president now directly owns 12,839 shares in the company, valued at approximately $478,252.75. This represents a 28.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 9.35% of the company's stock.

Simply Good Foods Trading Up 0.3%

Simply Good Foods stock traded up $0.12 during midday trading on Thursday, hitting $34.45. 80,958 shares of the stock were exchanged, compared to its average volume of 923,793. The company has a fifty day simple moving average of $35.46 and a two-hundred day simple moving average of $36.73. The Simply Good Foods Company has a 52 week low of $31.25 and a 52 week high of $40.53. The stock has a market capitalization of $3.48 billion, a PE ratio of 24.44, a P/E/G ratio of 3.23 and a beta of 0.72. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The firm had revenue of $359.70 million for the quarter, compared to analyst estimates of $354.50 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The business's revenue was up 15.2% on a year-over-year basis. Equities research analysts anticipate that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SMPL has been the topic of a number of analyst reports. DA Davidson raised their target price on shares of Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. UBS Group began coverage on shares of Simply Good Foods in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $41.00 target price on the stock. Wall Street Zen raised shares of Simply Good Foods from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Morgan Stanley lifted their price target on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. Finally, Mizuho lifted their price target on shares of Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a research note on Friday, April 11th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $41.00.

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.