Bridgewater Associates LP Sells 102,475 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Bridgewater Associates LP decreased its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 79.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,733 shares of the financial services provider's stock after selling 102,475 shares during the period. Bridgewater Associates LP's holdings in Simply Good Foods were worth $930,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA bought a new position in shares of Simply Good Foods in the third quarter worth approximately $27,391,000. Tidal Investments LLC raised its holdings in Simply Good Foods by 215.8% in the 1st quarter. Tidal Investments LLC now owns 37,396 shares of the financial services provider's stock worth $1,273,000 after acquiring an additional 25,553 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in Simply Good Foods by 21.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 187,549 shares of the financial services provider's stock valued at $6,521,000 after acquiring an additional 32,561 shares in the last quarter. SG Americas Securities LLC boosted its stake in Simply Good Foods by 671.9% during the 2nd quarter. SG Americas Securities LLC now owns 30,697 shares of the financial services provider's stock valued at $1,109,000 after purchasing an additional 26,720 shares during the last quarter. Finally, Quest Partners LLC increased its holdings in shares of Simply Good Foods by 65.0% in the 3rd quarter. Quest Partners LLC now owns 41,277 shares of the financial services provider's stock worth $1,435,000 after purchasing an additional 16,268 shares in the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Joseph Scalzo sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $35.99, for a total value of $899,750.00. Following the completion of the sale, the director now directly owns 139,204 shares of the company's stock, valued at approximately $5,009,951.96. This represents a 15.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Timothy Richard Kraft sold 76,761 shares of Simply Good Foods stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $37.60, for a total transaction of $2,886,213.60. Following the transaction, the insider now directly owns 40,068 shares in the company, valued at $1,506,556.80. This represents a 65.70 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 327,869 shares of company stock valued at $12,139,570. 10.98% of the stock is owned by company insiders.

Simply Good Foods Stock Performance

Shares of NASDAQ SMPL traded up $0.02 during midday trading on Monday, hitting $39.81. 599,102 shares of the company's stock traded hands, compared to its average volume of 892,053. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.75 and a current ratio of 4.05. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 3.52 and a beta of 0.64. The firm has a fifty day moving average of $35.34 and a 200 day moving average of $35.08. The Simply Good Foods Company has a 1 year low of $30.00 and a 1 year high of $43.00.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. The business had revenue of $375.70 million for the quarter, compared to the consensus estimate of $373.07 million. During the same period last year, the firm earned $0.41 earnings per share. The company's quarterly revenue was up 17.3% on a year-over-year basis. On average, analysts forecast that The Simply Good Foods Company will post 1.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

SMPL has been the topic of a number of research analyst reports. Stephens lowered 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, October 23rd. Citigroup lowered their target price on shares of Simply Good Foods from $46.00 to $43.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Simply Good Foods currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.78.

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.