Barclays PLC Buys 131,939 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Barclays PLC raised its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 396.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 165,201 shares of the financial services provider's stock after acquiring an additional 131,939 shares during the period. Barclays PLC owned about 0.16% of Simply Good Foods worth $5,744,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd boosted its stake in shares of Simply Good Foods by 47.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 33,797 shares of the financial services provider's stock worth $1,175,000 after buying an additional 10,823 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Simply Good Foods during the third quarter valued at approximately $236,000. Weiss Asset Management LP bought a new position in Simply Good Foods in the third quarter valued at approximately $12,051,000. State Street Corp raised its stake in shares of Simply Good Foods by 6.0% during the 3rd quarter. State Street Corp now owns 3,666,190 shares of the financial services provider's stock worth $127,473,000 after purchasing an additional 208,070 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Simply Good Foods by 1.9% during the 3rd quarter. Stifel Financial Corp now owns 26,688 shares of the financial services provider's stock worth $928,000 after purchasing an additional 498 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company's stock.

Simply Good Foods Stock Performance

Simply Good Foods stock traded down $0.50 during trading hours on Friday, hitting $38.35. The company had a trading volume of 1,908,704 shares, compared to its average volume of 890,557. The Simply Good Foods Company has a one year low of $30.00 and a one year high of $43.00. The firm has a market cap of $3.87 billion, a PE ratio of 27.79, a PEG ratio of 3.51 and a beta of 0.67. The firm has a 50-day moving average of $36.94 and a 200 day moving average of $35.31. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.05 and a quick ratio of 2.75.

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 the consensus estimate of $0.50. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The business had revenue of $375.70 million during the quarter, compared to analysts' expectations of $373.07 million. During the same period last year, the firm posted $0.41 EPS. The firm's revenue for the quarter was up 17.3% compared to the same quarter last year. On average, sell-side analysts expect that The Simply Good Foods Company will post 1.77 earnings per share for the current year.

Insider Buying and Selling at Simply Good Foods

In related news, Director Joseph Scalzo sold 25,000 shares of Simply Good Foods stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $35.99, for a total value of $899,750.00. Following the transaction, the director now directly owns 139,204 shares of the company's stock, valued at $5,009,951.96. This trade represents a 15.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Timothy Allen Matthews sold 5,325 shares of the company's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $37.31, for a total value of $198,675.75. Following the sale, the chief accounting officer now owns 17,063 shares of the company's stock, valued at $636,620.53. The trade was a 23.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 327,869 shares of company stock valued at $12,139,570 in the last three months. Corporate insiders own 9.35% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Mizuho raised their target price on shares of Simply Good Foods from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Citigroup lowered 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. Finally, Stephens cut their target price on shares of Simply Good Foods from $44.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Simply Good Foods has a consensus rating of "Moderate Buy" and a consensus target price 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.