Quantbot Technologies LP Acquires 88,576 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Quantbot Technologies LP raised its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 2,015.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 92,971 shares of the financial services provider's stock after buying an additional 88,576 shares during the quarter. Quantbot Technologies LP owned 0.09% of Simply Good Foods worth $3,233,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Boston Trust Walden Corp bought a new stake in shares of Simply Good Foods in the third quarter valued at about $80,270,000. Armistice Capital LLC acquired a new position in Simply Good Foods in the 2nd quarter valued at approximately $34,582,000. FMR LLC lifted its position in shares of Simply Good Foods by 20.0% in the 3rd quarter. FMR LLC now owns 5,128,827 shares of the financial services provider's stock worth $178,329,000 after acquiring an additional 855,070 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of Simply Good Foods during the 3rd quarter worth approximately $27,391,000. Finally, Victory Capital Management Inc. grew its holdings in shares of Simply Good Foods by 107.0% during the 2nd quarter. Victory Capital Management Inc. now owns 920,802 shares of the financial services provider's stock worth $33,269,000 after purchasing an additional 475,928 shares in the last quarter. 88.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SMPL has been the subject of a number of recent research reports. Stephens cut their target price on Simply Good Foods from $44.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. Citigroup dropped their price objective on shares of Simply Good Foods from $46.00 to $43.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. Three research 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 presently has a consensus rating of "Moderate Buy" and a consensus 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 firm's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $37.31, for a total value of $198,675.75. Following the completion of the sale, the chief accounting officer now owns 17,063 shares in the company, valued at approximately $636,620.53. This trade represents a 23.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Scalzo sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $35.99, for a total transaction of $899,750.00. Following the transaction, the director now owns 139,204 shares in the company, valued at $5,009,951.96. The trade was a 15.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 327,869 shares of company stock worth $12,139,570. 10.98% of the stock is currently owned by insiders.

Simply Good Foods Price Performance

Shares of SMPL traded down $0.09 during trading hours on Thursday, hitting $39.92. The stock had a trading volume of 583,786 shares, compared to its average volume of 894,930. The Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $43.00. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 3.52 and a beta of 0.64. The company's fifty day moving average is $35.11 and its two-hundred day moving average is $35.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.05 and a quick ratio of 2.75.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $375.70 million during 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%. The company's revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share. On average, 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.