Mutual of America Capital Management LLC Purchases 32,561 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Mutual of America Capital Management LLC lifted its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 21.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 187,549 shares of the financial services provider's stock after acquiring an additional 32,561 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.19% of Simply Good Foods worth $6,521,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Quarry LP acquired a new stake in Simply Good Foods during the 2nd quarter worth approximately $30,000. GAMMA Investing LLC raised its holdings in Simply Good Foods by 182.4% in the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 549 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in 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 acquiring an additional 1,241 shares in the last quarter. Innealta Capital LLC acquired a new position in Simply Good Foods in the 2nd quarter valued at $71,000. Finally, KBC Group NV raised its holdings in Simply Good Foods by 31.9% in the 3rd quarter. KBC Group NV now owns 3,084 shares of the financial services provider's stock valued at $107,000 after acquiring an additional 746 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Joseph Scalzo sold 2,374 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $36.23, for a total transaction of $86,010.02. Following the completion of the sale, the director now owns 136,830 shares of the company's stock, valued at $4,957,350.90. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brian K. Ratzan sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $37.38, for a total value of $1,869,000.00. Following the sale, the director now directly owns 2,049,387 shares of the company's stock, valued at $76,606,086.06. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 251,108 shares of company stock valued at $9,253,356. Company insiders own 10.98% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Stephens dropped their price objective on Simply Good Foods from $44.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Citigroup dropped their price objective on Simply Good Foods from $46.00 to $43.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Simply Good Foods has a consensus rating of "Moderate Buy" and an average target price of $40.78.

Simply Good Foods Price Performance

SMPL traded up $0.97 on Wednesday, reaching $38.97. The stock had a trading volume of 1,141,454 shares, compared to its average volume of 886,044. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $43.00. The firm has a 50-day moving average of $34.41 and a 200-day moving average of $34.96. 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 capitalization of $3.91 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 3.25 and a beta of 0.64.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued 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. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The business had revenue of $375.70 million during the quarter, compared to analysts' expectations of $373.07 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The business's revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Simply Good Foods Company will post 1.76 EPS for the current 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.