The Simply Good Foods Company (NASDAQ:SMPL) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in The Simply Good Foods Company (NASDAQ:SMPL – Free Report) by 3.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 464,026 shares of the financial services provider’s stock after purchasing an additional 16,819 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Simply Good Foods were worth $18,454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. increased its stake in shares of Simply Good Foods by 121.9% during the 4th quarter. Ronald Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 423 shares during the last quarter. Point72 Middle East FZE acquired a new position in shares of Simply Good Foods during the 4th quarter valued at about $30,000. Meeder Asset Management Inc. increased its stake in shares of Simply Good Foods by 9,214.3% during the 4th quarter. Meeder Asset Management Inc. now owns 1,304 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 1,290 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Simply Good Foods by 727.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 1,412 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Simply Good Foods by 54.7% during the 2nd quarter. Captrust Financial Advisors now owns 1,644 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 581 shares during the period. Institutional investors and hedge funds own 90.09% of the company’s stock.

Insider Activity at Simply Good Foods

In related news, insider Timothy Richard Kraft sold 13,520 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $37.22, for a total transaction of $503,214.40. Following the sale, the insider now directly owns 39,622 shares of the company’s stock, valued at approximately $1,474,730.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Simply Good Foods news, Director Brian K. Ratzan sold 15,133 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $40.00, for a total value of $605,320.00. Following the sale, the director now directly owns 2,672,557 shares of the company’s stock, valued at $106,902,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Timothy Richard Kraft sold 13,520 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $37.22, for a total value of $503,214.40. Following the completion of the sale, the insider now directly owns 39,622 shares in the company, valued at $1,474,730.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,932 shares of company stock valued at $2,492,631. Corporate insiders own 11.26% of the company’s stock.

Simply Good Foods Stock Performance

SMPL stock opened at $36.59 on Friday. The company has a current ratio of 4.47, a quick ratio of 3.06 and a debt-to-equity ratio of 0.24. The firm has a market cap of $3.64 billion, a P/E ratio of 28.36 and a beta of 0.77. The Simply Good Foods Company has a 12-month low of $29.21 and a 12-month high of $40.15. The stock’s 50 day simple moving average is $36.80 and its 200 day simple moving average is $36.96.

Simply Good Foods (NASDAQ:SMPL – Free Report) last posted its quarterly earnings results on Thursday, June 29th. The financial services provider reported earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The business had revenue of $324.80 million for the quarter, compared to analyst estimates of $321.35 million. Simply Good Foods has a return on equity of 10.11% and a net margin of 10.98%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 EPS. As a group, equity research analysts predict that The Simply Good Foods Company will post 1.53 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SMPL. Deutsche Bank Aktiengesellschaft boosted their target price on Simply Good Foods from $42.00 to $43.00 in a report on Friday, June 16th. Stephens boosted their target price on Simply Good Foods from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, March 29th. UBS Group decreased their target price on Simply Good Foods from $45.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, April 6th. Mizuho decreased their target price on Simply Good Foods from $45.00 to $42.00 in a report on Friday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $42.00 target price on shares of Simply Good Foods in a report on Thursday, April 6th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Simply Good Foods has a consensus rating of “Moderate Buy” and a consensus target price of $41.83.

Simply Good Foods Company Profile

(Free Report)

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, pizzas, protein chips, and recipes, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names.

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