Edgestream Partners L.P. Invests $2.37 Million in The Simply Good Foods Company (NASDAQ:SMPL)

Edgestream Partners L.P. bought a new stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 68,109 shares of the financial services provider's stock, valued at approximately $2,368,000. Edgestream Partners L.P. owned 0.07% of Simply Good Foods at the end of the most recent reporting period.

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

Insider Transactions at Simply Good Foods

In other Simply Good Foods news, insider Timothy Richard Kraft sold 76,761 shares of the stock in a transaction 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 transaction, the insider now owns 40,068 shares in the company, valued at approximately $1,506,556.80. This represents a 65.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Scalzo sold 25,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $35.99, for a total transaction of $899,750.00. Following the sale, the director now owns 139,204 shares in the company, valued at approximately $5,009,951.96. This trade represents a 15.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 327,869 shares of company stock valued at $12,139,570. Company insiders own 10.98% of the company's stock.

Analysts Set New Price Targets

SMPL has been the subject of several recent research reports. Citigroup reduced their price target on Simply Good Foods from $46.00 to $43.00 and set a "buy" rating for the company in a research report on Thursday, November 14th. Stephens cut their target price 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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.78.

Simply Good Foods Trading Down 0.3 %

Shares of NASDAQ SMPL traded down $0.10 during trading hours on Tuesday, hitting $39.70. The company's stock had a trading volume of 587,958 shares, compared to its average volume of 890,747. The business has a 50-day simple moving average of $35.46 and a 200-day simple moving average of $35.09. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 28.77, a P/E/G ratio of 3.52 and a beta of 0.67. 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 12 month low of $30.00 and a 12 month high of $43.00.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The firm had revenue of $375.70 million for 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%. The business's revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. On average, analysts anticipate that The Simply Good Foods Company will post 1.76 earnings per share for the current fiscal year.

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.