The Simply Good Foods Company (NASDAQ:SMPL) Shares Sold by Algert Global LLC

Algert Global LLC lessened its position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 27.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,021 shares of the financial services provider's stock after selling 26,660 shares during the quarter. Algert Global LLC owned approximately 0.07% of Simply Good Foods worth $2,469,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SMPL. Cerity Partners LLC raised its stake in Simply Good Foods by 36.1% in the 3rd quarter. Cerity Partners LLC now owns 24,297 shares of the financial services provider's stock valued at $845,000 after purchasing an additional 6,450 shares during the last quarter. Champlain Investment Partners LLC raised its stake in Simply Good Foods by 4.0% in the 3rd quarter. Champlain Investment Partners LLC now owns 4,063,878 shares of the financial services provider's stock valued at $141,301,000 after purchasing an additional 155,894 shares during the last quarter. Citigroup Inc. raised its stake in Simply Good Foods by 60.1% in the 3rd quarter. Citigroup Inc. now owns 122,849 shares of the financial services provider's stock valued at $4,271,000 after purchasing an additional 46,126 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Simply Good Foods by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 990,010 shares of the financial services provider's stock valued at $34,423,000 after purchasing an additional 54,334 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in Simply Good Foods in the 3rd quarter valued at about $27,391,000. Institutional investors and hedge funds own 88.45% of the company's stock.

Insiders Place Their Bets

In other Simply Good Foods news, Director Joseph Scalzo sold 147,200 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $36.86, for a total value of $5,425,792.00. Following the transaction, the director now directly owns 141,439 shares of the company's stock, valued at $5,213,441.54. This represents a 51.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Timothy Richard Kraft sold 76,761 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $37.60, for a total value of $2,886,213.60. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. Insiders sold a total of 327,869 shares of company stock worth $12,139,570 in the last 90 days. 10.98% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on SMPL. Stephens lowered their price target on Simply Good Foods from $44.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Citigroup lowered their price target on Simply Good Foods from $46.00 to $43.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Simply Good Foods currently has a consensus rating of "Moderate Buy" and an average target price of $40.78.

Simply Good Foods Stock Up 0.4 %

Shares of NASDAQ:SMPL opened at $40.01 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.75 and a current ratio of 4.05. The Simply Good Foods Company has a 1 year low of $30.00 and a 1 year high of $43.00. The stock has a market capitalization of $4.01 billion, a P/E ratio of 28.99, a PEG ratio of 3.52 and a beta of 0.64. The stock has a 50-day simple moving average of $34.86 and a 200-day simple moving average of $35.02.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, hitting analysts' consensus estimates of $0.50. The firm had revenue of $375.70 million during the quarter, compared to analysts' expectations of $373.07 million. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. Simply Good Foods's quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. Equities analysts forecast that The Simply Good Foods Company will post 1.76 earnings per share 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, protein chips, and recipes under the Atkins and Quest brand names.