Jupiter Asset Management Ltd. Takes Position in The Simply Good Foods Company (NASDAQ:SMPL)

Jupiter Asset Management Ltd. acquired a new position in shares of The Simply Good Foods Company (NASDAQ:SMPLFree Report) during the third quarter, HoldingsChannel.com reports. The fund acquired 18,110 shares of the financial services provider’s stock, valued at approximately $625,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of Simply Good Foods by 4.8% in the first quarter. PNC Financial Services Group Inc. now owns 6,454 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 296 shares in the last quarter. Ziegler Capital Management LLC lifted its stake in shares of Simply Good Foods by 4.0% in the third quarter. Ziegler Capital Management LLC now owns 8,965 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 341 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Simply Good Foods by 1.4% in the third quarter. Arizona State Retirement System now owns 26,927 shares of the financial services provider’s stock worth $930,000 after acquiring an additional 373 shares in the last quarter. Advisor Group Holdings Inc. lifted its stake in shares of Simply Good Foods by 7.2% in the first quarter. Advisor Group Holdings Inc. now owns 6,059 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 407 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its stake in shares of Simply Good Foods by 1.3% in the third quarter. Maryland State Retirement & Pension System now owns 33,367 shares of the financial services provider’s stock worth $1,152,000 after acquiring an additional 412 shares in the last quarter. Institutional investors and hedge funds own 88.15% of the company’s stock.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on SMPL

Insiders Place Their Bets

In other Simply Good Foods news, Director Robert G. Montgomery sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $39.36, for a total value of $98,400.00. Following the completion of the sale, the director now directly owns 52,738 shares in the company, valued at $2,075,767.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Stuart E. Jr. Heflin sold 1,048 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $40.45, for a total transaction of $42,391.60. Following the completion of the sale, the senior vice president now owns 21,084 shares in the company, valued at approximately $852,847.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert G. Montgomery sold 2,500 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $39.36, for a total value of $98,400.00. Following the sale, the director now owns 52,738 shares of the company’s stock, valued at approximately $2,075,767.68. The disclosure for this sale can be found here. Insiders sold 182,122 shares of company stock worth $7,408,687 over the last ninety days. Company insiders own 10.98% of the company’s stock.

Simply Good Foods Stock Down 2.0 %

NASDAQ:SMPL opened at $35.17 on Monday. The Simply Good Foods Company has a 52 week low of $31.06 and a 52 week high of $43.00. The firm has a market capitalization of $3.51 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 2.28 and a beta of 0.72. The stock has a 50 day moving average of $39.71 and a 200-day moving average of $37.27. The company has a current ratio of 5.02, a quick ratio of 3.46 and a debt-to-equity ratio of 0.17.

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

Simply Good Foods Company 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.

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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)

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