Schwartz Investment Counsel Inc. Has $11.81 Million Stake in The Simply Good Foods Company (NASDAQ:SMPL)

Schwartz Investment Counsel Inc. boosted its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 39.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 302,900 shares of the financial services provider’s stock after buying an additional 85,400 shares during the period. Schwartz Investment Counsel Inc. owned approximately 0.30% of Simply Good Foods worth $11,807,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Simply Good Foods in the 3rd quarter valued at $27,391,000. Mutual of America Capital Management LLC boosted its holdings in Simply Good Foods by 21.0% during the third quarter. Mutual of America Capital Management LLC now owns 187,549 shares of the financial services provider’s stock worth $6,521,000 after buying an additional 32,561 shares during the last quarter. Quest Partners LLC grew its position in shares of Simply Good Foods by 65.0% during the 3rd quarter. Quest Partners LLC now owns 41,277 shares of the financial services provider’s stock worth $1,435,000 after buying an additional 16,268 shares during the period. Tidal Investments LLC increased its stake in shares of Simply Good Foods by 42.7% in the 3rd quarter. Tidal Investments LLC now owns 51,664 shares of the financial services provider’s stock valued at $1,796,000 after acquiring an additional 15,455 shares during the last quarter. Finally, FMR LLC raised its position in shares of Simply Good Foods by 20.0% in the 3rd quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock valued at $178,329,000 after acquiring an additional 855,070 shares during the period. 88.45% of the stock is owned by institutional investors.

Simply Good Foods Trading Up 1.1 %

Simply Good Foods stock opened at $38.11 on Wednesday. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 27.03, a P/E/G ratio of 3.22 and a beta of 0.65. The firm has a 50-day moving average of $37.68 and a 200-day moving average of $35.54. 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 Simply Good Foods Company has a one year low of $30.00 and a one year high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The firm had revenue of $341.30 million during the quarter, compared to the consensus estimate of $347.32 million. During the same period last year, the company earned $0.43 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. On average, equities analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Simply Good Foods news, CAO Timothy Allen Matthews sold 5,325 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $37.31, for a total transaction of $198,675.75. Following the transaction, the chief accounting officer now owns 17,063 shares in the company, valued at $636,620.53. This trade represents a 23.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Timothy Richard Kraft sold 76,761 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $37.60, for a total transaction of $2,886,213.60. Following the transaction, the insider now directly owns 40,068 shares in the company, valued at approximately $1,506,556.80. This represents a 65.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,086 shares of company stock valued at $4,953,889. 9.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SMPL has been the topic of several research analyst reports. Citigroup dropped their price objective on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Mizuho lowered their target price on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Finally, 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 note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Simply Good Foods presently has an average rating of “Moderate Buy” and an average price target of $40.22.

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.