The Simply Good Foods Company (NASDAQ:SMPL) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,504 shares of the financial services provider’s stock after purchasing an additional 501 shares during the period. HighTower Advisors LLC’s holdings in Simply Good Foods were worth $473,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of Simply Good Foods by 1.8% in the 2nd quarter. American Century Companies Inc. now owns 19,943 shares of the financial services provider’s stock valued at $721,000 after purchasing an additional 348 shares in the last quarter. Fulton Bank N.A. grew its position in shares of Simply Good Foods by 4.9% during the third quarter. Fulton Bank N.A. now owns 9,536 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 443 shares during the last quarter. Cynosure Group LLC increased its stake in shares of Simply Good Foods by 4.9% in the third quarter. Cynosure Group LLC now owns 10,659 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 500 shares during the period. Arizona State Retirement System increased its position in Simply Good Foods by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 26,592 shares of the financial services provider’s stock valued at $961,000 after acquiring an additional 533 shares during the period. Finally, Glenmede Trust Co. NA raised its stake in shares of Simply Good Foods by 5.5% during the third quarter. Glenmede Trust Co. NA now owns 13,452 shares of the financial services provider’s stock valued at $468,000 after purchasing an additional 702 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Insider Transactions at Simply Good Foods

In other Simply Good Foods news, insider Timothy Richard Kraft sold 21,209 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.50, for a total value of $774,128.50. Following the sale, the insider now directly owns 40,068 shares in the company, valued at $1,462,482. This trade represents a 34.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph Scalzo sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $35.99, for a total value of $899,750.00. Following the transaction, the director now owns 139,204 shares of the company’s stock, valued at $5,009,951.96. This trade represents a 15.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 327,869 shares of company stock worth $12,139,570 in the last 90 days. 9.35% of the stock is owned by insiders.

Simply Good Foods Trading Down 1.3 %

Shares of NASDAQ:SMPL opened at $38.35 on Friday. The firm has a fifty day moving average of $36.85 and a two-hundred day moving average of $35.31. 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 Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $43.00. The firm has a market capitalization of $3.87 billion, a P/E ratio of 27.79, a price-to-earnings-growth ratio of 3.51 and a beta of 0.67.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. The company 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 quarterly revenue was up 17.3% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. On average, equities analysts expect that The Simply Good Foods Company will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup dropped their price objective 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. Stephens decreased their price target on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Mizuho increased their price objective on Simply Good Foods from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Simply Good Foods currently has an average rating of “Moderate Buy” and a consensus price target of $40.22.

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.