Schwartz Investment Counsel Inc. purchased a new stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 217,500 shares of the financial services provider's stock, valued at approximately $7,562,000. Schwartz Investment Counsel Inc. owned approximately 0.22% of Simply Good Foods as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new position in Simply Good Foods during the 4th quarter worth $4,878,000. Diversified Trust Co increased its stake in Simply Good Foods by 55.6% in the 1st quarter. Diversified Trust Co now owns 32,353 shares of the financial services provider's stock valued at $1,101,000 after buying an additional 11,560 shares during the last quarter. Congress Wealth Management LLC DE lifted its position in shares of Simply Good Foods by 5.5% during the 1st quarter. Congress Wealth Management LLC DE now owns 198,854 shares of the financial services provider's stock worth $6,767,000 after buying an additional 10,376 shares in the last quarter. Norden Group LLC boosted its stake in shares of Simply Good Foods by 1,949.9% in the 1st quarter. Norden Group LLC now owns 210,690 shares of the financial services provider's stock worth $7,170,000 after buying an additional 200,412 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new position in shares of Simply Good Foods in the first quarter valued at approximately $286,000. Institutional investors and hedge funds own 88.45% of the company's stock.
Simply Good Foods Price Performance
SMPL traded up $0.13 during trading on Friday, reaching $33.46. 933,706 shares of the company were exchanged, compared to its average volume of 884,830. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $43.00. The company's 50-day moving average is $33.29 and its two-hundred day moving average is $34.74. The company has a quick ratio of 4.05, a current ratio of 5.19 and a debt-to-equity ratio of 0.14. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 2.22 and a beta of 0.63.
Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The firm had revenue of $375.70 million for the quarter, compared to the consensus estimate of $373.07 million. Simply Good Foods had a net margin of 11.49% and a return on equity of 10.28%. The company's revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. Research analysts forecast that The Simply Good Foods Company will post 1.69 earnings per share for the current fiscal year.
Insider Buying and Selling at Simply Good Foods
In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the business's stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $34.44, for a total value of $36,437.52. Following the completion of the transaction, the senior vice president now owns 19,319 shares of the company's stock, valued at $665,346.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.98% of the company's stock.
Analysts Set New Price Targets
SMPL has been the topic of a number of recent analyst reports. Stephens dropped their price target on Simply Good Foods from $44.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday. DA Davidson lifted their target price on Simply Good Foods from $35.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday, July 1st. Finally, Needham & Company LLC restated a "buy" rating and set a $41.00 price target on shares of Simply Good Foods in a research report on Friday, June 28th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Simply Good Foods currently has a consensus rating of "Moderate Buy" and an average target price of $40.50.
Read Our Latest Stock Report on Simply Good Foods
Simply Good Foods Company Profile
(
Free Report)
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.
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