Wells Fargo & Company MN Buys 15,275 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Wells Fargo & Company MN lifted its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 50.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,685 shares of the financial services provider's stock after buying an additional 15,275 shares during the quarter. Wells Fargo & Company MN's holdings in Simply Good Foods were worth $1,781,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. R Squared Ltd purchased a new stake in Simply Good Foods in the 4th quarter worth approximately $26,000. CIBC Private Wealth Group LLC increased its holdings in shares of Simply Good Foods by 72.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock worth $38,000 after purchasing an additional 445 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Simply Good Foods by 255.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock worth $66,000 after buying an additional 1,229 shares in the last quarter. GAMMA Investing LLC boosted its stake in Simply Good Foods by 215.6% during the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider's stock valued at $69,000 after buying an additional 1,201 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in Simply Good Foods by 119.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider's stock valued at $112,000 after buying an additional 1,555 shares during the period. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Stock Down 0.5 %

Shares of SMPL opened at $35.23 on Friday. The Simply Good Foods Company has a 1 year low of $31.25 and a 1 year high of $40.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75. The stock has a 50 day simple moving average of $35.54 and a two-hundred day simple moving average of $36.48. The firm has a market cap of $3.56 billion, a P/E ratio of 24.99, a P/E/G ratio of 3.23 and a beta of 0.63.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The firm had revenue of $359.70 million during the quarter, compared to analyst estimates of $354.50 million. During the same period in the previous year, the business posted $0.40 EPS. The business's quarterly revenue was up 15.2% on a year-over-year basis. On average, analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of Simply Good Foods stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $37.25, for a total value of $186,250.00. Following the transaction, the senior vice president now directly owns 12,839 shares of the company's stock, valued at $478,252.75. The trade was a 28.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.35% of the company's stock.

Analyst Upgrades and Downgrades

SMPL has been the topic of several recent analyst reports. DA Davidson raised their price target on Simply Good Foods from $35.00 to $41.00 and gave the company a "neutral" rating in a report on Friday, April 11th. Mizuho upped their price objective on shares of Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Friday, April 11th. UBS Group started coverage on shares of Simply Good Foods in a research report on Wednesday. They set a "neutral" rating and a $41.00 target price for the company. Finally, Morgan Stanley boosted their price target on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $41.00.

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.

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