The Simply Good Foods Company (NASDAQ:SMPL) Holdings Raised by Fulton Bank N.A.

Fulton Bank N.A. lifted its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 4.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,536 shares of the financial services provider’s stock after purchasing an additional 443 shares during the quarter. Fulton Bank N.A.’s holdings in Simply Good Foods were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quarry LP purchased a new position in shares of Simply Good Foods in the second quarter worth approximately $30,000. GAMMA Investing LLC boosted its stake in Simply Good Foods by 182.4% in the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 549 shares during the period. EverSource Wealth Advisors LLC grew its position in Simply Good Foods by 236.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,241 shares in the last quarter. Innealta Capital LLC acquired a new stake in Simply Good Foods during the 2nd quarter valued at $71,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Simply Good Foods in the first quarter valued at $103,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, June 14th. DA Davidson increased their price target on shares of Simply Good Foods from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, July 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $41.00 price objective on shares of Simply Good Foods in a research report on Friday, June 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Simply Good Foods from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Friday, June 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.29.

Simply Good Foods Price Performance

Shares of SMPL opened at $33.32 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.05 and a current ratio of 5.19. The firm has a market cap of $3.34 billion, a PE ratio of 22.98, a PEG ratio of 2.31 and a beta of 0.63. The firm’s 50 day moving average price is $33.15 and its 200 day moving average price is $34.74. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00.

Insider Activity

In related news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $34.44, for a total value of $36,437.52. Following the completion of the sale, the senior vice president now directly owns 19,319 shares in the company, valued at approximately $665,346.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 10.98% of the stock is owned by insiders.

Simply Good Foods Company Profile

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.