Jane Street Group LLC Sells 200,690 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Jane Street Group LLC lessened its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 57.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 149,944 shares of the financial services provider's stock after selling 200,690 shares during the period. Jane Street Group LLC owned about 0.15% of Simply Good Foods worth $5,214,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its holdings in shares of Simply Good Foods by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 45,800 shares of the financial services provider's stock valued at $1,655,000 after buying an additional 800 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Simply Good Foods by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 745,167 shares of the financial services provider's stock worth $26,923,000 after purchasing an additional 19,696 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Simply Good Foods by 26.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,131 shares of the financial services provider's stock worth $872,000 after purchasing an additional 5,106 shares during the last quarter. F M Investments LLC bought a new stake in Simply Good Foods during the 2nd quarter worth about $526,000. Finally, Innealta Capital LLC bought a new stake in Simply Good Foods during the 2nd quarter worth about $71,000. Institutional investors and hedge funds own 88.45% of the company's stock.

Insider Transactions at Simply Good Foods

In other news, Director Joseph Scalzo sold 2,374 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $36.23, for a total transaction of $86,010.02. Following the sale, the director now owns 136,830 shares in the company, valued at $4,957,350.90. This represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Timothy Richard Kraft sold 21,209 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.50, for a total value of $774,128.50. Following the completion of the sale, the insider now owns 40,068 shares in the company, valued at approximately $1,462,482. This trade represents a 34.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 327,869 shares of company stock worth $12,139,570 in the last 90 days. Corporate insiders own 10.98% of the company's stock.

Simply Good Foods Stock Down 0.4 %

NASDAQ:SMPL traded down $0.16 during trading hours on Tuesday, reaching $39.74. 1,071,933 shares of the stock were exchanged, compared to its average volume of 886,375. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.05 and a quick ratio of 2.75. The firm has a 50 day moving average of $36.51 and a 200 day moving average of $35.25. The stock has a market cap of $4.01 billion, a PE ratio of 28.80, a PEG ratio of 3.51 and a beta of 0.67.

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 analysts' consensus estimates of $0.50. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The firm had revenue of $375.70 million during the quarter, compared to the consensus estimate of $373.07 million. During the same quarter in the prior year, the firm posted $0.41 EPS. The business's revenue was up 17.3% on a year-over-year basis. On average, equities analysts expect that The Simply Good Foods Company will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Stephens dropped their price objective on Simply Good Foods from $44.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Citigroup dropped their price objective on Simply Good Foods from $46.00 to $43.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Finally, Mizuho upped their price target on Simply Good Foods from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.22.

Simply Good Foods 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.