Healthcare of Ontario Pension Plan Trust Fund Sells 47,860 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Healthcare of Ontario Pension Plan Trust Fund decreased its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 36.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,000 shares of the financial services provider's stock after selling 47,860 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.08% of Simply Good Foods worth $2,921,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Simply Good Foods during the 2nd quarter valued at about $30,000. GAMMA Investing LLC boosted 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 in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Simply Good Foods by 236.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider's stock valued at $60,000 after purchasing an additional 1,241 shares during the period. Innealta Capital LLC acquired a new position in shares of Simply Good Foods in the 2nd quarter worth approximately $71,000. Finally, KBC Group NV lifted its position in shares of Simply Good Foods by 31.9% during the 3rd quarter. KBC Group NV now owns 3,084 shares of the financial services provider's stock worth $107,000 after buying an additional 746 shares during the period. Institutional investors own 88.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SMPL shares. Citigroup lowered their price target on Simply Good Foods from $46.00 to $43.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. Stephens lowered their target price on shares of Simply Good Foods from $44.00 to $42.00 and set an "overweight" rating on the stock in a report 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 currently 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 Simply Good Foods news, CAO Timothy Allen Matthews sold 5,325 shares of the company's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $37.31, for a total transaction of $198,675.75. Following the transaction, the chief accounting officer now directly owns 17,063 shares in the company, valued at approximately $636,620.53. This represents a 23.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Timothy Richard Kraft sold 76,761 shares of Simply Good Foods stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $37.60, for a total transaction of $2,886,213.60. Following the sale, the insider now owns 40,068 shares of the company's stock, valued at approximately $1,506,556.80. This represents a 65.70 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 327,869 shares of company stock worth $12,139,570. Insiders own 10.98% of the company's stock.

Simply Good Foods Price Performance

NASDAQ SMPL traded down $0.13 on Friday, hitting $39.79. 523,316 shares of the company were exchanged, compared to its average volume of 1,006,666. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $43.00. The firm has a 50 day moving average of $35.34 and a two-hundred day moving average of $35.09. The company has a current ratio of 4.05, a quick ratio of 2.75 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.99 billion, a P/E ratio of 28.83, a P/E/G ratio of 3.52 and a beta of 0.64.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.50. The company had revenue of $375.70 million for the quarter, compared to analyst estimates of $373.07 million. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. Simply Good Foods's quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 earnings per share. On average, equities analysts predict that The Simply Good Foods Company will post 1.76 EPS for the current year.

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.