The Simply Good Foods Company (NASDAQ:SMPL) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC lifted its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 42.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,664 shares of the financial services provider's stock after purchasing an additional 15,455 shares during the quarter. Tidal Investments LLC owned about 0.05% of Simply Good Foods worth $1,796,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SMPL. FMR LLC increased 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 valued at $178,329,000 after acquiring an additional 855,070 shares during the period. Champlain Investment Partners LLC increased its holdings in shares of Simply Good Foods by 4.0% in the third quarter. Champlain Investment Partners LLC now owns 4,063,878 shares of the financial services provider's stock valued at $141,301,000 after purchasing an additional 155,894 shares during the period. State Street Corp increased its holdings in shares of Simply Good Foods by 6.0% in the third quarter. State Street Corp now owns 3,666,190 shares of the financial services provider's stock valued at $127,473,000 after purchasing an additional 208,070 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Simply Good Foods by 6.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,223,666 shares of the financial services provider's stock worth $116,468,000 after purchasing an additional 203,914 shares during the last quarter. Finally, Boston Trust Walden Corp acquired a new stake in shares of Simply Good Foods during the third quarter worth about $80,270,000. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Stephens reduced 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 report on Wednesday, October 23rd. Citigroup decreased their target price on shares of Simply Good Foods from $46.00 to $43.00 and set a "buy" rating for the company in a research report on Thursday, November 14th. Finally, Mizuho increased their price target on Simply Good Foods from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.22.

Insiders Place Their Bets

In other news, CAO Timothy Allen Matthews sold 5,325 shares of the company's stock in a transaction on 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 transaction, the chief accounting officer now owns 17,063 shares in the company, valued at approximately $636,620.53. This represents a 23.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brian K. Ratzan sold 50,000 shares of Simply Good Foods stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $37.38, for a total transaction of $1,869,000.00. Following the sale, the director now owns 2,049,387 shares in the company, valued at $76,606,086.06. This represents a 2.38 % decrease in their ownership of the stock. 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 quarter. 10.98% of the stock is owned by company insiders.

Simply Good Foods Trading Down 1.7 %

SMPL traded down $0.68 during mid-day trading on Wednesday, hitting $39.06. 964,854 shares of the stock were exchanged, compared to its average volume of 886,697. The firm's fifty day moving average is $36.75 and its two-hundred day moving average is $35.28. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $43.00. The company has a market cap of $3.95 billion, a PE ratio of 28.30, a PEG ratio of 3.51 and a beta of 0.67. The company has a current ratio of 4.05, a quick ratio of 2.75 and a debt-to-equity ratio of 0.23.

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 EPS for the quarter, meeting the consensus estimate of $0.50. The business 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 business's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. Equities analysts forecast that The Simply Good Foods Company will post 1.77 earnings per share for the current fiscal 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.