EP Wealth Advisors LLC Makes New $236,000 Investment in The Simply Good Foods Company (NASDAQ:SMPL)

EP Wealth Advisors LLC acquired a new position in The Simply Good Foods Company (NASDAQ:SMPL) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,786 shares of the financial services provider’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its holdings in Simply Good Foods by 20.0% in the third quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock valued at $178,329,000 after buying an additional 855,070 shares during the period. Champlain Investment Partners LLC increased its position in shares of Simply Good Foods by 4.0% in the third quarter. Champlain Investment Partners LLC now owns 4,063,878 shares of the financial services provider’s stock worth $141,301,000 after acquiring an additional 155,894 shares in the last quarter. State Street Corp raised its stake in shares of Simply Good Foods by 6.0% in the 3rd quarter. State Street Corp now owns 3,666,190 shares of the financial services provider’s stock valued at $127,473,000 after acquiring an additional 208,070 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Simply Good Foods by 6.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,223,666 shares of the financial services provider’s stock valued at $116,468,000 after acquiring an additional 203,914 shares in the last quarter. Finally, Boston Trust Walden Corp purchased a new stake in Simply Good Foods during the 3rd quarter worth $80,270,000. 88.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Simply Good Foods

In related news, Director Joseph Scalzo sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $35.99, for a total transaction of $899,750.00. Following the completion of the sale, the director now owns 139,204 shares of the company’s stock, valued at $5,009,951.96. This represents a 15.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy Richard Kraft sold 21,209 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.50, for a total transaction of $774,128.50. Following the sale, the insider now owns 40,068 shares in the company, valued at approximately $1,462,482. This trade represents a 34.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 327,869 shares of company stock worth $12,139,570. 10.98% of the stock is currently owned by corporate insiders.

Simply Good Foods Trading Up 0.2 %

SMPL opened at $39.67 on Friday. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $43.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.05 and a quick ratio of 2.75. The stock has a market capitalization of $3.98 billion, a PE ratio of 28.75, a P/E/G ratio of 3.50 and a beta of 0.67. The firm’s fifty day moving average price is $36.39 and its 200 day moving average price is $35.24.

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

Analysts Set New Price Targets

A number of research analysts have commented on SMPL shares. Stephens reduced their price objective on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Mizuho upped their price target on Simply Good Foods from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Citigroup dropped their price objective on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.22.

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.