The Simply Good Foods Company (NASDAQ:SMPL) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 5.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 990,010 shares of the financial services provider's stock after purchasing an additional 54,334 shares during the period. Charles Schwab Investment Management Inc. owned about 0.99% of Simply Good Foods worth $34,423,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SMPL. GAMMA Investing LLC grew its position in shares of Simply Good Foods by 182.4% in the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider's stock worth $31,000 after buying an additional 549 shares during the last quarter. Fulton Bank N.A. boosted its position in shares of Simply Good Foods by 10.2% during the second quarter. Fulton Bank N.A. now owns 9,093 shares of the financial services provider's stock valued at $329,000 after purchasing an additional 840 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Simply Good Foods by 671.9% during the second quarter. SG Americas Securities LLC now owns 30,697 shares of the financial services provider's stock valued at $1,109,000 after purchasing an additional 26,720 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Simply Good Foods during the second quarter valued at approximately $224,000. Finally, Diversified Trust Co boosted its position in shares of Simply Good Foods by 8.6% during the second quarter. Diversified Trust Co now owns 35,143 shares of the financial services provider's stock valued at $1,270,000 after purchasing an additional 2,790 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Stock Performance

Simply Good Foods stock traded down $0.25 during mid-day trading on Wednesday, reaching $39.45. 748,164 shares of the stock traded hands, compared to its average volume of 890,138. The stock has a market capitalization of $3.95 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 3.52 and a beta of 0.67. 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 Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $43.00. The business's 50-day moving average is $35.56 and its 200-day moving average is $35.11.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.50 EPS for the quarter, meeting analysts' consensus estimates of $0.50. The company 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 revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share. As a group, sell-side analysts predict that The Simply Good Foods Company will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SMPL has been the subject of a number of recent research reports. Citigroup lowered their price objective on Simply Good Foods from $46.00 to $43.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. Stephens lowered their price objective on 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $40.78.

Insider Buying and Selling at Simply Good Foods

In other news, Director Joseph Scalzo sold 2,374 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $36.23, for a total value of $86,010.02. Following the sale, the director now directly owns 136,830 shares in the company, valued at approximately $4,957,350.90. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Timothy Richard Kraft sold 76,761 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $37.60, for a total value of $2,886,213.60. Following the completion of the sale, the insider now 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 have sold a total of 327,869 shares of company stock worth $12,139,570 over the last ninety days. Company insiders own 10.98% of the company's stock.

Simply Good Foods Company Profile

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.