Champlain Investment Partners LLC lessened its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 15.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,427,988 shares of the financial services provider's stock after selling 635,890 shares during the period. Champlain Investment Partners LLC owned about 3.39% of Simply Good Foods worth $133,623,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Gamco Investors INC. ET AL increased its holdings in Simply Good Foods by 82.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 22,370 shares of the financial services provider's stock valued at $872,000 after buying an additional 10,100 shares during the period. Gabelli Funds LLC increased its holdings in shares of Simply Good Foods by 7.4% in the 4th quarter. Gabelli Funds LLC now owns 87,000 shares of the financial services provider's stock valued at $3,391,000 after acquiring an additional 6,000 shares during the period. Rench Wealth Management Inc. bought a new position in shares of Simply Good Foods in the 4th quarter worth $390,000. XTX Topco Ltd purchased a new stake in shares of Simply Good Foods during the 4th quarter worth $250,000. Finally, Mariner LLC bought a new stake in Simply Good Foods during the fourth quarter valued at about $288,000. Institutional investors own 88.45% of the company's stock.
Simply Good Foods Stock Performance
SMPL stock traded up $0.82 during trading on Friday, hitting $37.31. The company had a trading volume of 884,634 shares, compared to its average volume of 928,740. The Simply Good Foods Company has a 1-year low of $31.25 and a 1-year high of $40.53. The firm has a 50-day moving average price of $35.74 and a 200-day moving average price of $36.41. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.77 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63.
Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The business had revenue of $359.70 million during the quarter, compared to the consensus estimate of $354.50 million. During the same period in the prior year, the business posted $0.40 EPS. The company's revenue for the quarter was up 15.2% on a year-over-year basis. On average, analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current year.
Insider Buying and Selling at Simply Good Foods
In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the transaction, the senior vice president now directly owns 12,839 shares in the company, valued at approximately $478,252.75. This represents a 28.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 9.35% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on SMPL shares. DA Davidson boosted their target price on Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. Mizuho raised their target price on shares of Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, April 11th. Finally, Morgan Stanley boosted their price target on Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Simply Good Foods currently has an average rating of "Moderate Buy" and an average target price of $40.22.
Check Out Our Latest Stock Report on Simply Good Foods
About Simply Good Foods
(
Free Report)
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.
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