The Simply Good Foods Company (NASDAQ:SMPL) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lowered its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 79.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,733 shares of the financial services provider’s stock after selling 102,475 shares during the quarter. Bridgewater Associates LP’s holdings in Simply Good Foods were worth $930,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA purchased a new stake in Simply Good Foods in the 3rd quarter valued at approximately $27,391,000. Tidal Investments LLC lifted its stake in Simply Good Foods by 215.8% in the 1st quarter. Tidal Investments LLC now owns 37,396 shares of the financial services provider’s stock valued at $1,273,000 after buying an additional 25,553 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in Simply Good Foods by 21.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 187,549 shares of the financial services provider’s stock valued at $6,521,000 after buying an additional 32,561 shares in the last quarter. SG Americas Securities LLC lifted its stake in Simply Good Foods by 671.9% in the 2nd quarter. SG Americas Securities LLC now owns 30,697 shares of the financial services provider’s stock valued at $1,109,000 after buying an additional 26,720 shares in the last quarter. Finally, Quest Partners LLC lifted its stake in Simply Good Foods by 65.0% in the 3rd quarter. Quest Partners LLC now owns 41,277 shares of the financial services provider’s stock valued at $1,435,000 after buying an additional 16,268 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Simply Good Foods Trading Down 0.3 %

SMPL stock opened at $39.79 on Monday. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 3.52 and a beta of 0.64. The company has a quick ratio of 2.75, a current ratio of 4.05 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $35.34 and a 200-day simple moving average of $35.09. The Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $43.00.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The business had revenue of $375.70 million during the quarter, compared to the consensus estimate of $373.07 million. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. On average, equities research analysts expect that The Simply Good Foods Company will post 1.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Stephens reduced their target price on 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. Citigroup reduced their price target 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.78.

Insider Activity at Simply Good Foods

In related news, Director Brian K. Ratzan sold 50,000 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 2,049,387 shares in the company, valued at approximately $76,606,086.06. This represents a 2.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Scalzo sold 25,000 shares of the stock in a transaction 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 sale, the director now owns 139,204 shares of the company’s stock, valued at approximately $5,009,951.96. This represents a 15.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 327,869 shares of company stock worth $12,139,570. Corporate insiders own 10.98% of the company’s stock.

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.