Texas Permanent School Fund Corp Sells 4,840 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Texas Permanent School Fund Corp lessened its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 6.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,653 shares of the financial services provider’s stock after selling 4,840 shares during the quarter. Texas Permanent School Fund Corp owned 0.07% of Simply Good Foods worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Simply Good Foods by 182.4% during the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 549 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Simply Good Foods in the fourth quarter valued at $36,000. TFO Wealth Partners LLC lifted its position in shares of Simply Good Foods by 59,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock valued at $47,000 after buying an additional 1,182 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Simply Good Foods during the 2nd quarter worth $71,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Simply Good Foods in the 1st quarter worth about $103,000. 88.45% of the stock is owned by hedge funds and other institutional investors.

Simply Good Foods Stock Down 0.8 %

SMPL stock opened at $33.89 on Tuesday. The company has a quick ratio of 4.05, a current ratio of 5.19 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average of $33.62 and a 200 day moving average of $34.73. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00. The firm has a market cap of $3.39 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 2.21 and a beta of 0.62.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings results on Thursday, June 27th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $334.80 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 earnings per share. On average, research analysts forecast that The Simply Good Foods Company will post 1.69 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $34.44, for a total transaction of $36,437.52. Following the completion of the sale, the senior vice president now owns 19,319 shares of the company’s stock, valued at approximately $665,346.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.98% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.