The Simply Good Foods Company (NASDAQ:SMPL) Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 200,208 shares of the financial services provider’s stock after acquiring an additional 14,032 shares during the period. Public Sector Pension Investment Board owned about 0.20% of Simply Good Foods worth $7,234,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SMPL. Norges Bank bought a new stake in shares of Simply Good Foods in the 4th quarter worth approximately $39,991,000. Champlain Investment Partners LLC lifted its stake in Simply Good Foods by 27.7% in the first quarter. Champlain Investment Partners LLC now owns 3,939,494 shares of the financial services provider’s stock valued at $134,061,000 after buying an additional 854,550 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Simply Good Foods by 107.0% during the second quarter. Victory Capital Management Inc. now owns 920,802 shares of the financial services provider’s stock valued at $33,269,000 after acquiring an additional 475,928 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Simply Good Foods by 6.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,223,666 shares of the financial services provider’s stock worth $116,468,000 after acquiring an additional 203,914 shares during the last quarter. Finally, Norden Group LLC increased its holdings in shares of Simply Good Foods by 1,949.9% in the 1st quarter. Norden Group LLC now owns 210,690 shares of the financial services provider’s stock worth $7,170,000 after acquiring an additional 200,412 shares during the period. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on SMPL. Needham & Company LLC reissued a “buy” rating and set a $41.00 target price on shares of Simply Good Foods in a research note on Friday, June 28th. DA Davidson increased their price objective on Simply Good Foods from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, July 1st. Stifel Nicolaus raised their target price on Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Simply Good Foods currently has an average rating of “Moderate Buy” and a consensus target price of $40.29.

Simply Good Foods Stock Performance

SMPL opened at $34.39 on Wednesday. The business has a 50 day moving average price of $33.28 and a two-hundred day moving average price of $34.73. 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 $3.44 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 2.26 and a beta of 0.62. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $43.00.

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

Insider Transactions at Simply Good Foods

In related news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the stock in a transaction that occurred on 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 directly owns 19,319 shares of the company’s stock, valued at $665,346.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 10.98% of the company’s stock.

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.