Boston Trust Walden Corp Invests $80.27 Million in The Simply Good Foods Company (NASDAQ:SMPL)

Boston Trust Walden Corp acquired a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,308,611 shares of the financial services provider's stock, valued at approximately $80,270,000. Boston Trust Walden Corp owned 2.31% of Simply Good Foods at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Schwartz Investment Counsel Inc. acquired a new stake in Simply Good Foods in the third quarter valued at approximately $7,562,000. AlphaMark Advisors LLC acquired a new position in Simply Good Foods during the 3rd quarter worth approximately $344,000. nVerses Capital LLC purchased a new stake in shares of Simply Good Foods in the 3rd quarter valued at approximately $275,000. Exchange Traded Concepts LLC raised its holdings in shares of Simply Good Foods by 12.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 51,324 shares of the financial services provider's stock valued at $1,785,000 after purchasing an additional 5,756 shares in the last quarter. Finally, Covea Finance lifted its position in shares of Simply Good Foods by 8.1% during the 3rd quarter. Covea Finance now owns 166,600 shares of the financial services provider's stock worth $5,793,000 after purchasing an additional 12,500 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SMPL has been the topic of several recent analyst reports. DA Davidson increased their target price on Simply Good Foods from $35.00 to $38.00 and gave the company a "neutral" rating in a report on Monday, July 1st. 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. Finally, Needham & Company LLC restated a "buy" rating and set a $41.00 target price on shares of Simply Good Foods in a research note on Friday, June 28th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.50.

Simply Good Foods Stock Performance

Shares of Simply Good Foods stock traded up $0.13 on Friday, reaching $33.46. 933,706 shares of the stock were exchanged, compared to its average volume of 884,830. The company has a current ratio of 5.19, a quick ratio of 4.05 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $3.35 billion, a PE ratio of 23.08, a PEG ratio of 2.22 and a beta of 0.63. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $43.00. The business has a fifty day moving average price of $33.29 and a two-hundred day moving average price of $34.74.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. Simply Good Foods had a return on equity of 10.28% and a net margin of 11.49%. The company had revenue of $375.70 million for the quarter, compared to analysts' expectations of $373.07 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The firm's quarterly revenue was up 17.3% on a year-over-year basis. As a group, research analysts anticipate that The Simply Good Foods Company will post 1.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the business's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $34.44, for a total transaction of $36,437.52. Following the sale, the senior vice president now directly owns 19,319 shares in the company, valued at approximately $665,346.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 10.98% of the stock is currently owned by company insiders.

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.