Guggenheim Capital LLC increased its position in shares of The Simply Good Foods Company (NASDAQ:SMPL – Free Report) by 226.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,956 shares of the financial services provider’s stock after buying an additional 13,838 shares during the period. Guggenheim Capital LLC’s holdings in Simply Good Foods were worth $794,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Simply Good Foods by 4.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,454 shares of the financial services provider’s stock worth $246,000 after buying an additional 296 shares during the period. Arizona State Retirement System increased its position in shares of Simply Good Foods by 1.3% in the 1st quarter. Arizona State Retirement System now owns 24,381 shares of the financial services provider’s stock worth $970,000 after purchasing an additional 308 shares during the last quarter. Advisor Group Holdings Inc. increased its position in shares of Simply Good Foods by 7.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 6,059 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 407 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Simply Good Foods by 1.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,579 shares of the financial services provider’s stock worth $1,467,000 after purchasing an additional 441 shares during the last quarter. Finally, Dakota Wealth Management increased its position in shares of Simply Good Foods by 7.4% in the 1st quarter. Dakota Wealth Management now owns 6,733 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 461 shares during the last quarter. Hedge funds and other institutional investors own 88.15% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Simply Good Foods from $42.00 to $43.00 in a research report on Friday, June 16th. Mizuho dropped their target price on shares of Simply Good Foods from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, June 30th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $42.00 target price on shares of Simply Good Foods in a research report on Friday, June 30th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.64.
Insider Buying and Selling at Simply Good Foods
In other Simply Good Foods news, Director Brian K. Ratzan sold 300,000 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $37.78, for a total transaction of $11,334,000.00. Following the completion of the transaction, the director now directly owns 2,372,557 shares of the company’s stock, valued at approximately $89,635,203.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Simply Good Foods news, insider Jill M. Short sold 5,410 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $37.34, for a total transaction of $202,009.40. Following the completion of the transaction, the insider now directly owns 33,188 shares of the company’s stock, valued at approximately $1,239,239.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian K. Ratzan sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $37.78, for a total transaction of $11,334,000.00. Following the completion of the sale, the director now directly owns 2,372,557 shares of the company’s stock, valued at $89,635,203.46. The disclosure for this sale can be found here. 3.99% of the stock is currently owned by company insiders.
Simply Good Foods Price Performance
Shares of NASDAQ:SMPL opened at $36.18 on Tuesday. The company has a quick ratio of 3.43, a current ratio of 4.91 and a debt-to-equity ratio of 0.21. The Simply Good Foods Company has a fifty-two week low of $29.21 and a fifty-two week high of $40.15. The firm has a 50-day simple moving average of $36.59 and a 200 day simple moving average of $36.95. The company has a market cap of $3.60 billion, a PE ratio of 28.71 and a beta of 0.75.
Simply Good Foods (NASDAQ:SMPL – Get Free Report) last announced its quarterly earnings data on Thursday, June 29th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $324.80 million during the quarter, compared to the consensus estimate of $321.35 million. Simply Good Foods had a net margin of 10.62% and a return on equity of 9.65%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. On average, sell-side analysts anticipate that The Simply Good Foods Company will post 1.52 EPS for the current 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, pizzas, protein chips, and recipes, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names.
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