The Simply Good Foods Company (NASDAQ:SMPL) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,180 shares of the financial services provider's stock after acquiring an additional 8,041 shares during the period. Envestnet Asset Management Inc. owned about 0.16% of Simply Good Foods worth $6,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its stake in Simply Good Foods by 3.3% in the fourth quarter. LPL Financial LLC now owns 9,890 shares of the financial services provider's stock valued at $386,000 after buying an additional 315 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in Simply Good Foods by 2.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 11,338 shares of the financial services provider's stock worth $442,000 after purchasing an additional 324 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in Simply Good Foods by 72.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock worth $38,000 after purchasing an additional 445 shares in the last quarter. Stifel Financial Corp increased its stake in 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 valued at $928,000 after purchasing an additional 498 shares in the last quarter. Finally, Pitcairn Co. raised its holdings in shares of Simply Good Foods by 5.3% in the fourth quarter. Pitcairn Co. now owns 12,324 shares of the financial services provider's stock worth $480,000 after buying an additional 615 shares during the last quarter. Hedge funds and other institutional investors own 88.45% of the company's stock.

Simply Good Foods Stock Performance

Simply Good Foods stock traded down $0.51 during mid-day trading on Friday, hitting $34.91. The company had a trading volume of 105,633 shares, compared to its average volume of 919,162. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 3.23 and a beta of 0.63. The Simply Good Foods Company has a 12-month low of $31.25 and a 12-month high of $40.53. The company's fifty day moving average is $35.58 and its 200-day moving average is $36.45. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its quarterly 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 net margin of 10.40% and a return on equity of 10.25%. The firm had revenue of $359.70 million for the quarter, compared to the consensus estimate of $354.50 million. During the same period in the prior year, the firm posted $0.40 earnings per share. The firm's quarterly revenue was up 15.2% compared to the same quarter last year. Equities research analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Mizuho upped their target price on Simply Good Foods from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Friday, April 11th. Morgan Stanley increased their price objective 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. UBS Group initiated coverage on Simply Good Foods in a research report on Wednesday. They issued a "neutral" rating and a $41.00 target price on the stock. Finally, DA Davidson increased their price target on shares of Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $41.00.

Insider Transactions at Simply Good Foods

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the company's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the completion of the transaction, the senior vice president now directly owns 12,839 shares of the company's stock, valued at $478,252.75. This represents a 28.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 9.35% of the company's stock.

Simply Good Foods 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.