The Simply Good Foods Company (NASDAQ:SMPL) Holdings Trimmed by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 35.0% during the 1st quarter, HoldingsChannel reports. The fund owned 772,742 shares of the financial services provider’s stock after selling 415,659 shares during the period. Janus Henderson Group PLC’s holdings in Simply Good Foods were worth $26,294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Simply Good Foods by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 11,099,351 shares of the financial services provider’s stock valued at $377,711,000 after acquiring an additional 174,157 shares in the last quarter. Champlain Investment Partners LLC grew its holdings in shares of Simply Good Foods by 27.7% during the 1st quarter. Champlain Investment Partners LLC now owns 3,939,494 shares of the financial services provider’s stock valued at $134,061,000 after acquiring an additional 854,550 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Simply Good Foods by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,892,217 shares of the financial services provider’s stock valued at $114,535,000 after acquiring an additional 82,235 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Simply Good Foods by 17.1% during the 4th quarter. Principal Financial Group Inc. now owns 1,930,744 shares of the financial services provider’s stock valued at $76,457,000 after acquiring an additional 281,603 shares in the last quarter. Finally, Congress Asset Management Co. MA grew its holdings in shares of Simply Good Foods by 7.4% during the 1st quarter. Congress Asset Management Co. MA now owns 1,313,011 shares of the financial services provider’s stock valued at $44,682,000 after acquiring an additional 90,154 shares in the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Simply Good Foods Price Performance

SMPL stock remained flat at $34.08 during mid-day trading on Wednesday. 165,347 shares of the company’s stock were exchanged, compared to its average volume of 882,628. 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 one year low of $30.00 and a one year high of $43.00. The stock has a 50 day simple moving average of $36.31 and a 200-day simple moving average of $35.90. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.45 and a beta of 0.61.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, June 27th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Simply Good Foods had a net margin of 11.49% and a return on equity of 10.28%. The company had revenue of $334.80 million during the quarter, compared to analysts’ expectations of $337.66 million. During the same period in the prior year, the company earned $0.40 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts anticipate that The Simply Good Foods Company will post 1.69 EPS for the current fiscal year.

Insider Buying and Selling at Simply Good Foods

In related news, Director James D. White sold 4,000 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $38.17, for a total value of $152,680.00. Following the completion of the sale, the director now owns 17,027 shares in the company, valued at $649,920.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 10.98% of the company’s stock.

Analysts Set New Price Targets

SMPL has been the topic of several research analyst reports. Mizuho restated a “buy” rating and set a $50.00 price target on shares of Simply Good Foods in a report on Friday, April 5th. Morgan Stanley reissued an “overweight” rating and set a $42.00 target price on shares of Simply Good Foods in a research report on Thursday, April 11th. TD Cowen started coverage on shares of Simply Good Foods in a research report on Monday, April 22nd. They set a “hold” rating and a $34.00 target price on the stock. DA Davidson increased 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. Finally, Needham & Company LLC reissued a “buy” rating and set a $41.00 target price on shares of Simply Good Foods in a research report on Friday, June 28th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $40.29.

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.