Vanguard Group Inc. Sells 67,316 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Vanguard Group Inc. cut its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,925,194 shares of the financial services provider’s stock after selling 67,316 shares during the period. Vanguard Group Inc. owned about 10.95% of Simply Good Foods worth $432,638,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in Simply Good Foods by 121.5% during the fourth quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 457 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Simply Good Foods by 103.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 433 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Simply Good Foods in the 4th quarter valued at $36,000. TFO Wealth Partners LLC lifted its stake in shares of Simply Good Foods by 59,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 1,182 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Simply Good Foods by 18.8% in the 4th quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 292 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Stock Performance

NASDAQ SMPL opened at $36.16 on Thursday. The company has a quick ratio of 3.09, a current ratio of 4.20 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $36.59 and a 200 day simple moving average of $36.69. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 2.17 and a beta of 0.65.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, April 4th. The financial services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Simply Good Foods had a return on equity of 10.12% and a net margin of 11.12%. The firm had revenue of $312.20 million during the quarter, compared to the consensus estimate of $313.57 million. Sell-side analysts expect that The Simply Good Foods Company will post 1.7 EPS for the current year.

Wall Street Analyst Weigh In

SMPL has been the subject of a number of research reports. Mizuho reiterated a “buy” rating and issued a $50.00 price target on shares of Simply Good Foods in a research note on Friday, April 5th. Stifel Nicolaus increased their price target on Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, June 14th. DA Davidson increased their price target on Simply Good Foods from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. TD Cowen began coverage on Simply Good Foods in a report on Monday, April 22nd. They issued a “hold” rating and a $34.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $41.00 price objective on shares of Simply Good Foods in a report on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.86.

Insiders Place Their Bets

In other Simply Good Foods news, Director James D. White sold 4,000 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $38.17, for a total transaction of $152,680.00. Following the completion of the sale, the director now directly owns 17,027 shares in the company, valued at approximately $649,920.59. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 10.98% of the company’s stock.

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.