Gamco Investors INC. ET AL Raises Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

Gamco Investors INC. ET AL grew its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 82.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 22,370 shares of the financial services provider's stock after buying an additional 10,100 shares during the quarter. Gamco Investors INC. ET AL's holdings in Simply Good Foods were worth $872,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Simply Good Foods in the 4th quarter valued at approximately $26,000. CIBC Private Wealth Group LLC increased its position in Simply Good Foods by 72.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock valued at $38,000 after buying an additional 445 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Simply Good Foods by 255.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock valued at $66,000 after buying an additional 1,229 shares in the last quarter. GAMMA Investing LLC increased its position in Simply Good Foods by 215.6% during the 4th quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider's stock valued at $69,000 after buying an additional 1,201 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in Simply Good Foods by 13.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock valued at $98,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Mizuho raised their price objective on Simply Good Foods from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Friday, April 11th. Morgan Stanley lifted their target price on Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. DA Davidson increased their target price on shares of Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Finally, UBS Group assumed coverage on shares of Simply Good Foods in a report on Wednesday. They issued a "neutral" rating and a $41.00 target price for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.00.

Insider Activity at Simply Good Foods

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the transaction, the senior vice president now directly owns 12,839 shares in the company, valued at approximately $478,252.75. This trade represents a 28.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.35% of the stock is currently owned by insiders.

Simply Good Foods Price Performance

SMPL traded down $0.51 during trading on Thursday, reaching $35.69. 135,959 shares of the company traded hands, compared to its average volume of 920,727. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. The Simply Good Foods Company has a 12-month low of $31.25 and a 12-month high of $40.53. The firm has a fifty day simple moving average of $35.63 and a 200 day simple moving average of $36.43. The company has a market cap of $3.60 billion, a P/E ratio of 25.31, a PEG ratio of 3.23 and a beta of 0.63.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The firm had revenue of $359.70 million during the quarter, compared to analyst estimates of $354.50 million. During the same period last year, the firm posted $0.40 earnings per share. Simply Good Foods's revenue for the quarter was up 15.2% compared to the same quarter last year. On average, equities analysts forecast that The Simply Good Foods Company will post 1.78 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.