Diversified Trust Co Has $1.38 Million Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Diversified Trust Co cut its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 10.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,394 shares of the financial services provider’s stock after selling 4,299 shares during the quarter. Diversified Trust Co’s holdings in Simply Good Foods were worth $1,380,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SMPL. Quarry LP purchased a new stake in Simply Good Foods in the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC increased its holdings in shares of Simply Good Foods by 236.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 1,241 shares during the period. GAMMA Investing LLC lifted its position in shares of Simply Good Foods by 215.6% in the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,201 shares in the last quarter. KBC Group NV boosted its holdings in shares of Simply Good Foods by 31.9% during the third quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 746 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in Simply Good Foods during the second quarter valued at approximately $159,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup cut their target price on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Mizuho lifted 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. Finally, Stephens dropped their target price on 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. 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, Simply Good Foods currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.22.

Simply Good Foods Stock Down 2.5 %

Shares of SMPL stock opened at $35.84 on Thursday. The stock’s 50 day simple moving average is $38.21 and its 200 day simple moving average is $35.44. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $42.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.75 and a current ratio of 4.05. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 3.51 and a beta of 0.67.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The company had revenue of $341.30 million during the quarter, compared to analyst estimates of $347.32 million. During the same period in the previous year, the company earned $0.43 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, research analysts predict that The Simply Good Foods Company will post 1.77 EPS for the current year.

Insiders Place Their Bets

In other news, insider Timothy Richard Kraft sold 21,209 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.50, for a total transaction of $774,128.50. Following the completion of the transaction, the insider now directly owns 40,068 shares of the company’s stock, valued at approximately $1,462,482. This trade represents a 34.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Scalzo sold 25,000 shares of Simply Good Foods stock in a transaction that occurred 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 sale, the director now directly owns 139,204 shares in the company, valued at $5,009,951.96. The trade was a 15.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 327,869 shares of company stock worth $12,139,570 in the last ninety days. Insiders own 9.35% of the company’s stock.

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.