Arizona State Retirement System Grows Stake in The Simply Good Foods Company (NASDAQ:SMPL)

Arizona State Retirement System grew its stake in The Simply Good Foods Company (NASDAQ:SMPLFree Report) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,927 shares of the financial services provider’s stock after buying an additional 373 shares during the period. Arizona State Retirement System’s holdings in Simply Good Foods were worth $930,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SMPL. Portside Wealth Group LLC purchased a new stake in shares of Simply Good Foods in the 2nd quarter valued at $7,503,000. Swiss National Bank boosted its stake in shares of Simply Good Foods by 13.3% in the 2nd quarter. Swiss National Bank now owns 205,800 shares of the financial services provider’s stock valued at $7,530,000 after purchasing an additional 24,200 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Simply Good Foods by 8.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 121,487 shares of the financial services provider’s stock valued at $4,445,000 after purchasing an additional 9,306 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Simply Good Foods in the 3rd quarter valued at $2,877,000. Finally, Citigroup Inc. boosted its stake in shares of Simply Good Foods by 70.4% in the 2nd quarter. Citigroup Inc. now owns 65,127 shares of the financial services provider’s stock valued at $2,383,000 after purchasing an additional 26,914 shares in the last quarter. Hedge funds and other institutional investors own 88.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SMPL. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $42.00 price target (up previously from $41.00) on shares of Simply Good Foods in a research report on Tuesday, January 2nd. Needham & Company LLC increased their price target on shares of Simply Good Foods from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, January 5th. Finally, DA Davidson increased their price target on shares of Simply Good Foods from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, January 5th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Get Our Latest Stock Report on Simply Good Foods

Simply Good Foods Stock Up 0.3 %

Shares of NASDAQ SMPL opened at $37.25 on Wednesday. The company has a current ratio of 5.02, a quick ratio of 3.46 and a debt-to-equity ratio of 0.17. The Simply Good Foods Company has a 12 month low of $31.06 and a 12 month high of $43.00. The firm has a market capitalization of $3.72 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 2.41 and a beta of 0.72. The firm has a fifty day simple moving average of $39.90 and a two-hundred day simple moving average of $37.33.

Simply Good Foods (NASDAQ:SMPLGet Free Report) last issued its quarterly earnings data on Thursday, January 4th. The financial services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The business had revenue of $308.70 million during the quarter, compared to analyst estimates of $309.26 million. Simply Good Foods had a net margin of 10.66% and a return on equity of 9.95%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. Equities analysts expect that The Simply Good Foods Company will post 1.71 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Timothy Richard Kraft sold 4,379 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $38.00, for a total value of $166,402.00. Following the completion of the transaction, the insider now directly owns 42,363 shares in the company, valued at approximately $1,609,794. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Simply Good Foods news, Director Brian K. Ratzan sold 51,512 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $40.20, for a total transaction of $2,070,782.40. Following the completion of the sale, the director now directly owns 2,234,508 shares in the company, valued at approximately $89,827,221.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Timothy Richard Kraft sold 4,379 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $38.00, for a total transaction of $166,402.00. Following the sale, the insider now owns 42,363 shares of the company’s stock, valued at $1,609,794. The disclosure for this sale can be found here. Insiders sold a total of 186,501 shares of company stock worth $7,575,089 in the last three months. 10.98% of the stock is owned by corporate insiders.

Simply Good Foods Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SMPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Simply Good Foods Company (NASDAQ:SMPLFree Report).

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

Receive News & Ratings for Simply Good Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simply Good Foods and related companies with MarketBeat.com's FREE daily email newsletter.