Natixis Advisors LLC Lowers Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Natixis Advisors LLC lowered its position in The Simply Good Foods Company (NASDAQ:SMPL) by 30.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,813 shares of the financial services provider’s stock after selling 8,384 shares during the quarter. Natixis Advisors LLC’s holdings in Simply Good Foods were worth $654,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake 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 valued at $116,468,000 after buying an additional 203,914 shares during the period. Boston Trust Walden Corp bought a new position in Simply Good Foods during the 3rd quarter worth about $80,270,000. Principal Financial Group Inc. increased its position in Simply Good Foods by 14.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,474,736 shares of the financial services provider’s stock valued at $53,282,000 after purchasing an additional 184,539 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Simply Good Foods by 13.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,045,457 shares of the financial services provider’s stock valued at $36,351,000 after purchasing an additional 124,655 shares in the last quarter. Finally, Armistice Capital LLC purchased a new stake in shares of Simply Good Foods in the 2nd quarter worth approximately $34,582,000. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Simply Good Foods news, insider Timothy Richard Kraft sold 76,761 shares of Simply Good Foods stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $37.60, for a total transaction of $2,886,213.60. Following the completion of the sale, the insider now owns 40,068 shares of the company’s stock, valued at approximately $1,506,556.80. The trade was a 65.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Timothy Allen Matthews sold 5,325 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $37.31, for a total value of $198,675.75. Following the sale, the chief accounting officer now owns 17,063 shares in the company, valued at approximately $636,620.53. The trade was a 23.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 327,869 shares of company stock valued at $12,139,570. Insiders own 10.98% of the company’s stock.

Simply Good Foods Stock Down 0.2 %

Simply Good Foods stock opened at $39.92 on Thursday. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $43.00. The business has a fifty day moving average price of $34.99 and a 200-day moving average price of $35.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.05 and a quick ratio of 2.75. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 3.52 and a beta of 0.64.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The business had revenue of $375.70 million during the quarter, compared to the consensus estimate of $373.07 million. During the same quarter last year, the company earned $0.41 earnings per share. The company’s quarterly revenue was up 17.3% on a year-over-year basis. Equities research analysts forecast that The Simply Good Foods Company will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Stephens cut their price objective on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Citigroup cut their price target on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Simply Good Foods has an average rating of “Moderate Buy” and a consensus price target of $40.78.

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.