Silvercrest Asset Management Group LLC Purchases 31,855 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Silvercrest Asset Management Group LLC raised its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,916,389 shares of the financial services provider's stock after buying an additional 31,855 shares during the quarter. Silvercrest Asset Management Group LLC owned about 1.90% of Simply Good Foods worth $74,701,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Simply Good Foods in the fourth quarter valued at approximately $26,000. CIBC Private Wealth Group LLC increased its holdings in shares of Simply Good Foods by 72.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock worth $38,000 after purchasing an additional 445 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Simply Good Foods by 255.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock worth $66,000 after purchasing an additional 1,229 shares during the period. Quadrant Capital Group LLC raised its position in shares of Simply Good Foods by 13.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock worth $98,000 after buying an additional 300 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Simply Good Foods by 119.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider's stock worth $112,000 after buying an additional 1,555 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company's stock.

Insider Buying and Selling

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the completion of the transaction, the senior vice president now directly owns 12,839 shares of the company's stock, valued at $478,252.75. The trade was a 28.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.35% of the stock is owned by company insiders.

Simply Good Foods Stock Down 3.2%

Shares of SMPL stock traded down $1.16 during trading hours on Wednesday, hitting $35.07. 265,544 shares of the company's stock traded hands, compared to its average volume of 921,502. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The stock's fifty day simple moving average is $35.36 and its two-hundred day simple moving average is $36.78. The Simply Good Foods Company has a 12-month low of $31.25 and a 12-month high of $40.53. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 3.23 and a beta of 0.72.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The firm had revenue of $359.70 million during the quarter, compared to the consensus estimate of $354.50 million. During the same period last year, the company earned $0.40 earnings per share. The company's revenue was up 15.2% on a year-over-year basis. On average, analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Mizuho boosted their target price on Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Friday, April 11th. UBS Group began coverage on shares of Simply Good Foods in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $41.00 target price for the company. DA Davidson upped their target price on Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. Finally, Morgan Stanley lifted their price objective on Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a research report on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $41.00.

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.