GAMMA Investing LLC Grows Position in The Simply Good Foods Company (NASDAQ:SMPL)

GAMMA Investing LLC grew its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 215.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,758 shares of the financial services provider’s stock after buying an additional 1,201 shares during the quarter. GAMMA Investing LLC’s holdings in Simply Good Foods were worth $69,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Quarry LP bought a new position in shares of Simply Good Foods during the 2nd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted its holdings in Simply Good Foods by 236.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 1,241 shares in the last quarter. KBC Group NV boosted its position in shares of Simply Good Foods by 31.9% in the third quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 746 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Simply Good Foods in the second quarter worth $159,000. Finally, TD Private Client Wealth LLC raised its position in shares of Simply Good Foods by 70.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 4,575 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,887 shares during the period. Institutional investors own 88.45% of the company’s stock.

Insider Buying and Selling at Simply Good Foods

In other news, 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 completion of the sale, the insider now directly owns 40,068 shares of the company’s stock, valued at $1,462,482. This trade represents a 34.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Scalzo sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $35.99, for a total value of $899,750.00. Following the transaction, the director now directly owns 139,204 shares in the company, valued at approximately $5,009,951.96. This represents a 15.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 327,869 shares of company stock worth $12,139,570 over the last 90 days. 9.35% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SMPL shares. Citigroup dropped their target price on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Stephens cut their target price on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Finally, Mizuho lowered their price target on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Simply Good Foods has an average rating of “Moderate Buy” and an average target price of $40.22.

Simply Good Foods Trading Down 4.1 %

Shares of SMPL stock opened at $34.36 on Monday. The stock’s 50-day moving average price is $38.26 and its 200-day moving average price is $35.41. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $42.37. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 3.51 and a beta of 0.67. The company has a current ratio of 4.05, a quick ratio of 2.75 and a debt-to-equity ratio of 0.23.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.06. The business had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $347.32 million. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. Equities research analysts predict that The Simply Good Foods Company will post 1.77 EPS for the current fiscal 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.