UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.98 Million Stock Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 29.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 172,099 shares of the financial services provider's stock after selling 72,362 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.17% of Simply Good Foods worth $5,984,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Glenmede Trust Co. NA boosted its position in shares of Simply Good Foods by 5.5% during the third quarter. Glenmede Trust Co. NA now owns 13,452 shares of the financial services provider's stock worth $468,000 after purchasing an additional 702 shares in the last quarter. Cynosure Group LLC raised its stake in Simply Good Foods by 4.9% during the 3rd quarter. Cynosure Group LLC now owns 10,659 shares of the financial services provider's stock worth $371,000 after buying an additional 500 shares during the period. Townsquare Capital LLC lifted its holdings in Simply Good Foods by 3.0% during the third quarter. Townsquare Capital LLC now owns 59,897 shares of the financial services provider's stock worth $2,083,000 after acquiring an additional 1,741 shares in the last quarter. Quantbot Technologies LP grew its stake in Simply Good Foods by 2,015.4% in the third quarter. Quantbot Technologies LP now owns 92,971 shares of the financial services provider's stock valued at $3,233,000 after acquiring an additional 88,576 shares during the period. Finally, FMR LLC increased its holdings in shares of Simply Good Foods by 20.0% in the third quarter. FMR LLC now owns 5,128,827 shares of the financial services provider's stock worth $178,329,000 after acquiring an additional 855,070 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company's stock.

Simply Good Foods Stock Down 0.0 %

SMPL stock traded down $0.01 during midday trading on Wednesday, hitting $39.54. The company's stock had a trading volume of 734,519 shares, compared to its average volume of 886,512. The stock has a market capitalization of $3.96 billion, a P/E ratio of 28.66, a PEG ratio of 3.46 and a beta of 0.67. The company's fifty day moving average price is $36.05 and its 200 day moving average price is $35.18. 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 Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 EPS for the quarter, meeting the consensus estimate 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 analysts' expectations of $373.07 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The business's quarterly revenue was up 17.3% compared to the same quarter last year. As a group, equities research analysts predict that The Simply Good Foods Company will post 1.76 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on SMPL shares. Mizuho boosted their price objective on Simply Good Foods from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday. 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 report on Wednesday, October 23rd. Finally, Citigroup dropped their price objective on shares of Simply Good Foods from $46.00 to $43.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Simply Good Foods has an average rating of "Moderate Buy" and an average price target of $40.22.

Insider Activity

In other Simply Good Foods news, insider Timothy Richard Kraft sold 21,209 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $36.50, for a total transaction of $774,128.50. Following the completion of the transaction, the insider now directly owns 40,068 shares in the company, valued at $1,462,482. The trade was a 34.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Scalzo sold 147,200 shares of the firm's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $36.86, for a total value of $5,425,792.00. Following the completion of the sale, the director now directly owns 141,439 shares in the company, valued at approximately $5,213,441.54. This represents a 51.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 327,869 shares of company stock valued at $12,139,570 over the last three months. Insiders own 10.98% of the company's stock.

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.