BNP Paribas Financial Markets Sells 97,426 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

BNP Paribas Financial Markets reduced its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 51.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,733 shares of the financial services provider's stock after selling 97,426 shares during the period. BNP Paribas Financial Markets owned 0.09% of Simply Good Foods worth $3,155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SMPL. GAMMA Investing LLC lifted its stake in Simply Good Foods by 182.4% during the second quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider's stock worth $31,000 after purchasing an additional 549 shares during the period. SG Americas Securities LLC raised its holdings 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 worth $1,109,000 after purchasing an additional 26,720 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Simply Good Foods during the second quarter worth about $224,000. Diversified Trust Co raised its position in Simply Good Foods by 8.6% in the 2nd quarter. Diversified Trust Co now owns 35,143 shares of the financial services provider's stock valued at $1,270,000 after buying an additional 2,790 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its stake in Simply Good Foods by 14.4% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 9,307 shares of the financial services provider's stock valued at $336,000 after acquiring an additional 1,172 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Timothy Richard Kraft sold 76,761 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $37.60, for a total value of $2,886,213.60. Following the completion of the transaction, the insider now owns 40,068 shares in the company, valued at $1,506,556.80. This trade represents a 65.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Timothy Allen Matthews sold 5,325 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $37.31, for a total transaction of $198,675.75. Following the sale, the chief accounting officer now directly owns 17,063 shares of the company's stock, valued at $636,620.53. This represents a 23.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 327,869 shares of company stock worth $12,139,570 over the last three months. Insiders own 10.98% of the company's stock.

Simply Good Foods Stock Performance

Shares of SMPL traded up $0.15 during midday trading on Friday, reaching $39.17. 659,481 shares of the stock were exchanged, compared to its average volume of 888,550. 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 market cap of $3.93 billion, a P/E ratio of 28.28, a PEG ratio of 3.51 and a beta of 0.67. The stock's 50 day simple moving average is $35.77 and its 200 day simple moving average is $35.17. The company has a quick ratio of 2.75, a current ratio of 4.05 and a debt-to-equity ratio of 0.23.

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. The company had revenue of $375.70 million for the quarter, compared to analyst estimates of $373.07 million. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. Simply Good Foods's quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. On average, sell-side analysts expect that The Simply Good Foods Company will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SMPL shares. Stephens decreased their price target on shares of 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 lowered their price target on Simply Good Foods from $46.00 to $43.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $40.78.

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.