Pitcairn Co. Sells 1,981 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Pitcairn Co. trimmed its position in The Simply Good Foods Company (NASDAQ:SMPL) by 14.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,709 shares of the financial services provider’s stock after selling 1,981 shares during the quarter. Pitcairn Co.’s holdings in Simply Good Foods were worth $407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SMPL. CANADA LIFE ASSURANCE Co lifted its position in Simply Good Foods by 8.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 79,394 shares of the financial services provider’s stock worth $2,697,000 after acquiring an additional 6,230 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Simply Good Foods during the 1st quarter worth about $278,000. Tidal Investments LLC boosted its stake in Simply Good Foods by 215.8% during the 1st quarter. Tidal Investments LLC now owns 37,396 shares of the financial services provider’s stock valued at $1,273,000 after purchasing an additional 25,553 shares during the period. Boston Partners grew its holdings in Simply Good Foods by 34.9% in the 1st quarter. Boston Partners now owns 685,798 shares of the financial services provider’s stock valued at $23,367,000 after buying an additional 177,257 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Simply Good Foods by 182.4% in the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock worth $31,000 after buying an additional 549 shares during the period. 88.45% of the stock is owned by institutional investors.

Simply Good Foods Price Performance

Shares of Simply Good Foods stock opened at $40.01 on Wednesday. The firm has a market cap of $4.01 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 3.45 and a beta of 0.64. The firm’s 50-day simple moving average is $34.86 and its 200-day simple moving average is $35.02. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.75 and a current ratio of 4.05.

Simply Good Foods (NASDAQ:SMPL) last released 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. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The company had revenue of $375.70 million for the quarter, compared to the consensus estimate of $373.07 million. During the same period in the previous year, the business earned $0.41 earnings per share. The company’s quarterly revenue was up 17.3% on a year-over-year basis. As a group, research analysts expect that The Simply Good Foods Company will post 1.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stephens reduced their price objective on 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 price target 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Simply Good Foods presently has an average rating of “Moderate Buy” and an average target price of $40.78.

Insider Activity at Simply Good Foods

In other news, Director Joseph Scalzo sold 25,000 shares of Simply Good Foods stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brian K. Ratzan sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $37.38, for a total value of $1,869,000.00. Following the sale, the director now owns 2,049,387 shares in the company, valued at approximately $76,606,086.06. This trade 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 valued at $12,139,570 in the last 90 days. 10.98% of the stock is owned by corporate insiders.

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.