Walleye Capital LLC Trims Position in The Simply Good Foods Company (NASDAQ:SMPL)

Walleye Capital LLC trimmed its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 68.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,304 shares of the financial services provider's stock after selling 49,002 shares during the period. Walleye Capital LLC's holdings in Simply Good Foods were worth $776,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quarry LP purchased a new position in shares of Simply Good Foods in the second quarter valued at $30,000. GAMMA Investing LLC grew its holdings in Simply Good Foods by 182.4% during the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider's stock valued at $31,000 after buying an additional 549 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Simply Good Foods by 236.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider's stock valued at $60,000 after buying an additional 1,241 shares during the period. Innealta Capital LLC purchased a new stake in shares of Simply Good Foods in the second quarter worth about $71,000. Finally, KBC Group NV boosted its position in shares of Simply Good Foods by 31.9% in the third quarter. KBC Group NV now owns 3,084 shares of the financial services provider's stock valued at $107,000 after acquiring an additional 746 shares during the period. Institutional investors own 88.45% of the company's stock.

Insiders Place Their Bets

In other Simply Good Foods news, Director Joseph Scalzo sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 owns 139,204 shares in the company, valued at approximately $5,009,951.96. The trade was a 15.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Timothy Richard Kraft sold 76,761 shares of the 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 sale, the insider now directly owns 40,068 shares of the company's stock, valued at approximately $1,506,556.80. This trade represents a 65.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 327,869 shares of company stock valued at $12,139,570. 10.98% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SMPL has been the topic of a number of analyst reports. Stephens decreased their target price on shares of 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 decreased their price target 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 analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Simply Good Foods has a consensus rating of "Moderate Buy" and an average target price of $40.78.

Simply Good Foods Price Performance

NASDAQ SMPL traded up $0.15 during trading hours on Friday, reaching $39.17. 700,467 shares of the stock traded hands, compared to its average volume of 970,037. 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 stock has a 50 day simple moving average of $35.85 and a two-hundred day simple moving average of $35.16. 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 $3.93 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 3.49 and a beta of 0.67.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, meeting analysts' consensus estimates of $0.50. The company had revenue of $375.70 million for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. On average, analysts predict that The Simply Good Foods Company will post 1.76 EPS for the current fiscal year.

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.