Headlands Technologies LLC Lowers Stake in The Simply Good Foods Company (NASDAQ:SMPL)

Headlands Technologies LLC lessened its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 15.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,258 shares of the financial services provider’s stock after selling 596 shares during the period. Headlands Technologies LLC’s holdings in Simply Good Foods were worth $118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Norges Bank purchased a new position in Simply Good Foods during the fourth quarter valued at $39,991,000. Champlain Investment Partners LLC boosted its holdings in Simply Good Foods by 27.7% in the 1st quarter. Champlain Investment Partners LLC now owns 3,939,494 shares of the financial services provider’s stock worth $134,061,000 after buying an additional 854,550 shares during the last quarter. Victory Capital Management Inc. increased its stake in Simply Good Foods by 107.0% during the 2nd quarter. Victory Capital Management Inc. now owns 920,802 shares of the financial services provider’s stock worth $33,269,000 after buying an additional 475,928 shares in the last quarter. Norden Group LLC raised its holdings in shares of Simply Good Foods by 1,949.9% during the first quarter. Norden Group LLC now owns 210,690 shares of the financial services provider’s stock valued at $7,170,000 after acquiring an additional 200,412 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Simply Good Foods by 14.3% in the second quarter. Principal Financial Group Inc. now owns 1,474,736 shares of the financial services provider’s stock valued at $53,282,000 after acquiring an additional 184,539 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Insider Activity

In related news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $34.44, for a total value of $36,437.52. Following the sale, the senior vice president now directly owns 19,319 shares in the company, valued at approximately $665,346.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 10.98% of the company’s stock.

Simply Good Foods Price Performance

Shares of SMPL stock opened at $34.15 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.19 and a quick ratio of 4.05. The company has a market capitalization of $3.42 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 2.21 and a beta of 0.62. The firm’s 50-day moving average is $33.62 and its two-hundred day moving average is $34.73. The Simply Good Foods Company has a 12 month low of $30.00 and a 12 month high of $43.00.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, June 27th. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $334.80 million for the quarter, compared to analyst estimates of $337.66 million. Simply Good Foods had a net margin of 11.49% and a return on equity of 10.28%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 EPS. Analysts predict that The Simply Good Foods Company will post 1.69 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on SMPL. Deutsche Bank Aktiengesellschaft boosted their price target on Simply Good Foods from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Friday, June 14th. DA Davidson increased their target price on shares of Simply Good Foods from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, July 1st. Needham & Company LLC reissued a “buy” rating and issued a $41.00 price target on shares of Simply Good Foods in a research note on Friday, June 28th. Finally, Stifel Nicolaus upped their price objective on shares of Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.29.

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.