The Simply Good Foods Company (NASDAQ:SMPL) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. cut its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 32.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,440 shares of the financial services provider’s stock after selling 3,090 shares during the quarter. Everence Capital Management Inc.’s holdings in Simply Good Foods were worth $224,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SMPL. Wellington Management Group LLP acquired a new position in Simply Good Foods during the fourth quarter worth $4,878,000. Banque Cantonale Vaudoise acquired a new position in Simply Good Foods during the first quarter worth $103,000. Diversified Trust Co raised its holdings in Simply Good Foods by 55.6% during the first quarter. Diversified Trust Co now owns 32,353 shares of the financial services provider’s stock worth $1,101,000 after purchasing an additional 11,560 shares during the last quarter. Congress Wealth Management LLC DE raised its holdings in Simply Good Foods by 5.5% during the first quarter. Congress Wealth Management LLC DE now owns 198,854 shares of the financial services provider’s stock worth $6,767,000 after purchasing an additional 10,376 shares during the last quarter. Finally, Norden Group LLC increased its position in Simply Good Foods by 1,949.9% during the first quarter. Norden Group LLC now owns 210,690 shares of the financial services provider’s stock worth $7,170,000 after buying an additional 200,412 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Stuart E. Jr. Heflin sold 1,058 shares of Simply Good Foods stock in a transaction on Wednesday, July 31st. The stock was 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 owns 19,319 shares of the company’s stock, valued at $665,346.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 10.98% of the company’s stock.

Analysts Set New Price Targets

SMPL has been the subject of several recent research reports. DA Davidson raised their price target on 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 reissued a “buy” rating and set a $41.00 price target on shares of Simply Good Foods in a research report on Friday, June 28th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.29.

Simply Good Foods Price Performance

Shares of NASDAQ:SMPL opened at $32.51 on Wednesday. The company has a market cap of $3.26 billion, a P/E ratio of 22.42, a P/E/G ratio of 2.27 and a beta of 0.63. The company has a quick ratio of 4.05, a current ratio of 5.19 and a debt-to-equity ratio of 0.14. The Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $43.00. The business has a fifty day simple moving average of $33.29 and a 200-day simple moving average of $34.75.

Simply Good Foods 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.