UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.98 Million Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 29.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 172,099 shares of the financial services provider’s stock after selling 72,362 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of Simply Good Foods worth $5,984,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SMPL. Quarry LP acquired a new position in shares of Simply Good Foods in the 2nd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Simply Good Foods by 236.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $60,000 after buying an additional 1,241 shares during the last quarter. Innealta Capital LLC acquired a new stake in Simply Good Foods during the 2nd quarter valued at $71,000. KBC Group NV increased its position in Simply Good Foods by 31.9% during the 3rd quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock worth $107,000 after buying an additional 746 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of Simply Good Foods in the second quarter worth $159,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Mizuho lifted their target price on Simply Good Foods from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday. Stephens lowered their target price on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Citigroup lowered their price target on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Simply Good Foods has an average rating of “Moderate Buy” and an average price target of $40.22.

Insider Buying and Selling at Simply Good Foods

In related news, Director Joseph Scalzo sold 2,374 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $36.23, for a total transaction of $86,010.02. Following the transaction, the director now directly owns 136,830 shares in the company, valued at $4,957,350.90. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy Richard Kraft sold 21,209 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.50, for a total value of $774,128.50. Following the transaction, the insider now owns 40,068 shares in the company, valued at approximately $1,462,482. The trade was a 34.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 327,869 shares of company stock valued at $12,139,570 in the last 90 days. Corporate insiders own 10.98% of the company’s stock.

Simply Good Foods Stock Down 0.8 %

SMPL stock opened at $39.55 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.75 and a current ratio of 4.05. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 3.46 and a beta of 0.67. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $43.00. The stock has a fifty day moving average of $36.05 and a 200-day moving average of $35.18.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. The business had revenue of $375.70 million for the quarter, compared to analysts’ expectations of $373.07 million. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. As a group, equities research analysts predict that The Simply Good Foods Company will post 1.76 earnings per share for the current year.

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.