Holocene Advisors LP Increases Stock Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Holocene Advisors LP increased its stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 89.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,447 shares of the financial services provider's stock after purchasing an additional 30,416 shares during the quarter. Holocene Advisors LP owned approximately 0.06% of Simply Good Foods worth $2,241,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SMPL. Quarry LP purchased a new stake in shares of Simply Good Foods during the 2nd quarter valued at approximately $30,000. GAMMA Investing LLC lifted its position in shares of Simply Good Foods by 182.4% during the second quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider's stock worth $31,000 after acquiring an additional 549 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Simply Good Foods by 236.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider's stock worth $60,000 after acquiring an additional 1,241 shares during the period. Innealta Capital LLC bought a new position in shares of Simply Good Foods in the second quarter worth $71,000. Finally, KBC Group NV grew its position in shares of Simply Good Foods by 31.9% in the third quarter. KBC Group NV now owns 3,084 shares of the financial services provider's stock valued at $107,000 after purchasing an additional 746 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company's stock.

Simply Good Foods Price Performance

Shares of SMPL traded up $0.15 during trading hours on Friday, reaching $39.17. 700,467 shares of the company's stock traded hands, compared to its average volume of 970,037. The Simply Good Foods Company has a 12 month low of $30.00 and a 12 month high of $43.00. 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 stock has a market cap of $3.93 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 3.49 and a beta of 0.67. The firm's 50 day simple moving average is $35.85 and its 200-day simple moving average is $35.16.

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 for the quarter, meeting analysts' consensus estimates of $0.50. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. The business had revenue of $375.70 million for the quarter, compared to the consensus estimate of $373.07 million. During the same period last year, the firm posted $0.41 earnings per share. Simply Good Foods's quarterly revenue was up 17.3% on a year-over-year basis. Equities analysts expect that The Simply Good Foods Company will post 1.76 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on SMPL shares. Stephens dropped their price objective on Simply Good Foods from $44.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, October 23rd. Citigroup lowered their price target on shares of Simply Good Foods from $46.00 to $43.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.78.

Insider Transactions at Simply Good Foods

In other news, insider Timothy Richard Kraft sold 21,209 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $36.50, for a total value of $774,128.50. Following the completion of the sale, the insider now directly owns 40,068 shares in the company, valued at approximately $1,462,482. The trade was a 34.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Scalzo sold 147,200 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $36.86, for a total transaction of $5,425,792.00. Following the transaction, the director now directly owns 141,439 shares in the company, valued at approximately $5,213,441.54. This represents a 51.00 % 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. Insiders own 10.98% of the company's stock.

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.