Algert Global LLC Sells 26,660 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Algert Global LLC lessened its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 27.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 71,021 shares of the financial services provider’s stock after selling 26,660 shares during the quarter. Algert Global LLC’s holdings in Simply Good Foods were worth $2,469,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Boston Trust Walden Corp bought a new stake in Simply Good Foods in the 3rd quarter valued at $80,270,000. Armistice Capital LLC bought a new stake in shares of Simply Good Foods in the second quarter valued at about $34,582,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Simply Good Foods during the third quarter worth about $27,391,000. Victory Capital Management Inc. grew its holdings in shares of Simply Good Foods by 107.0% during the second quarter. Victory Capital Management Inc. now owns 920,802 shares of the financial services provider’s stock worth $33,269,000 after buying an additional 475,928 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Simply Good Foods by 276.4% in the 2nd quarter. Marshall Wace LLP now owns 536,174 shares of the financial services provider’s stock valued at $19,372,000 after buying an additional 393,720 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Stock Up 0.4 %

Simply Good Foods stock opened at $40.01 on Wednesday. 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 company’s 50-day moving average is $34.86 and its 200-day moving average is $35.02. The firm has a market capitalization of $4.01 billion, a PE ratio of 28.99, a P/E/G ratio of 3.45 and a beta of 0.64. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $43.00.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $373.07 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The business’s revenue was up 17.3% compared to the same quarter last year. Sell-side analysts anticipate that The Simply Good Foods Company will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on SMPL shares. Citigroup cut 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 research report on Thursday, November 14th. Stephens cut their price target on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.78.

Insider Buying and Selling at Simply Good Foods

In other news, insider Timothy Richard Kraft sold 21,209 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.50, for a total transaction of $774,128.50. Following the transaction, the insider now owns 40,068 shares in the company, valued at approximately $1,462,482. This trade represents 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 accessible through this link. Also, Director Joseph Scalzo sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were 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 of the company’s stock, valued at $5,009,951.96. This trade represents a 15.22 % 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 over the last ninety days. Insiders own 10.98% of the company’s stock.

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.