SG Americas Securities LLC Sells 22,636 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

SG Americas Securities LLC lowered its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 73.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,061 shares of the financial services provider’s stock after selling 22,636 shares during the quarter. SG Americas Securities LLC’s holdings in Simply Good Foods were worth $280,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Simply Good Foods in the 2nd quarter valued at about $4,764,000. Dana Investment Advisors Inc. grew its position in shares of Simply Good Foods by 2.0% in the 2nd quarter. Dana Investment Advisors Inc. now owns 39,569 shares of the financial services provider’s stock worth $1,430,000 after buying an additional 784 shares during the last quarter. Quarry LP purchased a new position in shares of Simply Good Foods in the 2nd quarter worth approximately $30,000. Creative Planning grew its position in shares of Simply Good Foods by 81.6% in the 2nd quarter. Creative Planning now owns 21,536 shares of the financial services provider’s stock worth $778,000 after buying an additional 9,676 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Simply Good Foods in the 2nd quarter worth approximately $3,019,000. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Stock Up 0.3 %

SMPL stock opened at $33.16 on Monday. The firm’s fifty day simple moving average is $33.29 and its 200-day simple moving average is $34.74. The company has a market capitalization of $3.32 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 2.34 and a beta of 0.63. 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 Simply Good Foods Company has a 12 month low of $30.00 and a 12 month high of $43.00.

Insider Activity

In other news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $34.44, for a total value of $36,437.52. Following the sale, the senior vice president now directly owns 19,319 shares of the company’s stock, valued at $665,346.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SMPL. Needham & Company LLC reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Simply Good Foods in a research report on Friday, June 28th. DA Davidson boosted their target price on shares of Simply Good Foods from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, July 1st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Simply Good Foods has an average rating of “Moderate Buy” and a consensus price target of $40.29.

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.