The Simply Good Foods Company (NASDAQ:SMPL) Shares Sold by Pictet Asset Management SA

Pictet Asset Management SA lowered its position in The Simply Good Foods Company (NASDAQ:SMPLGet Rating) by 8.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,393 shares of the financial services provider’s stock after selling 518 shares during the period. Pictet Asset Management SA’s holdings in Simply Good Foods were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in SMPL. Nisa Investment Advisors LLC lifted its position in Simply Good Foods by 10.5% in the first quarter. Nisa Investment Advisors LLC now owns 5,060 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 480 shares during the period. SG Americas Securities LLC lifted its position in shares of Simply Good Foods by 18.9% during the 1st quarter. SG Americas Securities LLC now owns 27,695 shares of the financial services provider’s stock valued at $1,051,000 after acquiring an additional 4,406 shares during the period. Mutual of America Capital Management LLC lifted its position in shares of Simply Good Foods by 5.8% during the 1st quarter. Mutual of America Capital Management LLC now owns 12,190 shares of the financial services provider’s stock valued at $463,000 after acquiring an additional 668 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Simply Good Foods by 4.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 85,724 shares of the financial services provider’s stock valued at $3,253,000 after acquiring an additional 3,858 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Simply Good Foods by 200.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,737,600 shares of the financial services provider’s stock valued at $66,003,000 after acquiring an additional 1,158,956 shares during the period. Institutional investors and hedge funds own 87.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup lifted their price target on shares of Simply Good Foods to $50.00 in a research report on Thursday, October 27th. Stephens reduced their price target on shares of Simply Good Foods from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, October 12th. Mizuho reduced their price target on shares of Simply Good Foods from $48.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, October 24th. Stifel Nicolaus reduced their price target on shares of Simply Good Foods from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Simply Good Foods from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 24th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Simply Good Foods currently has an average rating of “Moderate Buy” and a consensus price target of $42.89.

Simply Good Foods Trading Up 0.8 %

Shares of Simply Good Foods stock opened at $38.68 on Thursday. The company has a market capitalization of $3.83 billion, a P/E ratio of 35.81 and a beta of 0.80. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.44 and a quick ratio of 2.21. The Simply Good Foods Company has a 1 year low of $29.21 and a 1 year high of $45.77. The business has a 50 day moving average price of $34.78 and a 200 day moving average price of $35.24.

Simply Good Foods (NASDAQ:SMPLGet Rating) last released its earnings results on Friday, October 21st. The financial services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.27 by $0.09. The firm had revenue of $274.20 million during the quarter, compared to analysts’ expectations of $260.81 million. Simply Good Foods had a net margin of 9.29% and a return on equity of 11.40%. Simply Good Foods’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 EPS. Sell-side analysts anticipate that The Simply Good Foods Company will post 1.56 EPS for the current fiscal year.

About Simply Good Foods

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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, pizza, protein chips, recipes, and confectionery products, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names.

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Institutional Ownership by Quarter for Simply Good Foods (NASDAQ:SMPL)

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