Van Hulzen Asset Management LLC Takes $1.01 Million Position in The Simply Good Foods Company (NASDAQ:SMPL)

Van Hulzen Asset Management LLC purchased a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 25,460 shares of the financial services provider's stock, valued at approximately $1,008,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Simply Good Foods by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider's stock valued at $379,461,000 after purchasing an additional 259,144 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Simply Good Foods by 79.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 57,914 shares of the financial services provider's stock valued at $1,999,000 after purchasing an additional 25,650 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Simply Good Foods in the 3rd quarter valued at approximately $2,877,000. Diversified Trust Co lifted its stake in Simply Good Foods by 7.5% in the 4th quarter. Diversified Trust Co now owns 20,793 shares of the financial services provider's stock valued at $823,000 after purchasing an additional 1,453 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Simply Good Foods by 4.0% in the 3rd quarter. Rhumbline Advisers now owns 259,500 shares of the financial services provider's stock valued at $8,958,000 after purchasing an additional 10,073 shares during the last quarter. Institutional investors own 88.45% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SMPL shares. Mizuho reissued a "buy" rating and issued a $50.00 price objective on shares of Simply Good Foods in a research note on Friday, April 5th. DA Davidson raised their price target on shares of Simply Good Foods from $34.00 to $35.00 and gave the company a "neutral" rating in a research note on Tuesday, April 30th. Morgan Stanley reaffirmed an "overweight" rating and set a $42.00 price target on shares of Simply Good Foods in a research note on Thursday, April 11th. TD Cowen began coverage on shares of Simply Good Foods in a research note on Monday, April 22nd. They set a "hold" rating and a $34.00 price target for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $41.00 price target on shares of Simply Good Foods in a research note on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.29.

Insiders Place Their Bets

In other Simply Good Foods news, Director James D. White sold 4,000 shares of the firm's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $38.17, for a total value of $152,680.00. Following the completion of the sale, the director now directly owns 17,027 shares in the company, valued at $649,920.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.98% of the company's stock.

Simply Good Foods Trading Up 0.3 %

Shares of SMPL traded up $0.13 during trading hours on Friday, hitting $37.71. 723,264 shares of the stock were exchanged, compared to its average volume of 1,002,229. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $43.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.20 and a quick ratio of 3.09. The business has a 50-day moving average of $34.08 and a 200-day moving average of $37.00. The firm has a market capitalization of $3.77 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 2.32 and a beta of 0.65.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings results on Thursday, April 4th. The financial services provider reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. Simply Good Foods had a net margin of 11.12% and a return on equity of 10.12%. On average, research analysts expect that The Simply Good Foods Company will post 1.7 EPS for the current year.

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.