The Simply Good Foods Company (NASDAQ:SMPL) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in The Simply Good Foods Company (NASDAQ:SMPL) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,529 shares of the financial services provider’s stock after selling 726 shares during the quarter. Yousif Capital Management LLC’s holdings in Simply Good Foods were worth $1,346,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Alliance Wealth Advisors LLC UT grew its position in Simply Good Foods by 6.8% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 15,728 shares of the financial services provider’s stock valued at $613,000 after acquiring an additional 999 shares in the last quarter. Boston Trust Walden Corp grew its position in Simply Good Foods by 31.3% in the 4th quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider’s stock valued at $118,171,000 after acquiring an additional 722,963 shares in the last quarter. R Squared Ltd acquired a new position in Simply Good Foods in the 4th quarter valued at about $26,000. Moody Aldrich Partners LLC grew its position in Simply Good Foods by 47.8% in the 4th quarter. Moody Aldrich Partners LLC now owns 141,410 shares of the financial services provider’s stock valued at $5,512,000 after acquiring an additional 45,738 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Simply Good Foods by 39.5% in the 4th quarter. Pacer Advisors Inc. now owns 3,450 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 976 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SMPL. Mizuho dropped their target price on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Citigroup decreased their price objective on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Finally, Stephens decreased their price objective on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Simply Good Foods currently has an average rating of “Moderate Buy” and a consensus price target of $40.22.

Simply Good Foods Price Performance

SMPL stock opened at $38.08 on Thursday. The business has a 50 day moving average price of $37.65 and a 200 day moving average price of $35.56. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 3.22 and a beta of 0.65. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $40.53. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The firm had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $347.32 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, insider Timothy Richard Kraft sold 76,761 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $37.60, for a total value of $2,886,213.60. Following the completion of the sale, the insider now owns 40,068 shares in the company, valued at approximately $1,506,556.80. The trade was a 65.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.35% of the stock is owned by company insiders.

Simply Good Foods 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.