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

Fulton Bank N.A. lifted its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 12.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,682 shares of the financial services provider’s stock after acquiring an additional 1,146 shares during the period. Fulton Bank N.A.’s holdings in Simply Good Foods were worth $416,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SMPL. American Century Companies Inc. raised its holdings in shares of Simply Good Foods by 1.8% during the second quarter. American Century Companies Inc. now owns 19,943 shares of the financial services provider’s stock worth $721,000 after purchasing an additional 348 shares during the period. Stifel Financial Corp lifted its holdings in Simply Good Foods by 1.9% in the third quarter. Stifel Financial Corp now owns 26,688 shares of the financial services provider’s stock worth $928,000 after acquiring an additional 498 shares during the last quarter. Cynosure Group LLC boosted its stake in 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 acquiring an additional 500 shares during the period. HighTower Advisors LLC grew its holdings in shares of Simply Good Foods by 3.9% during the third quarter. HighTower Advisors LLC now owns 13,504 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 501 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Simply Good Foods by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 26,592 shares of the financial services provider’s stock worth $961,000 after purchasing an additional 533 shares during the period. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Stock Performance

SMPL opened at $34.36 on Friday. The business has a 50 day moving average price of $38.26 and a two-hundred day moving average price of $35.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.05 and a quick ratio of 2.75. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 3.51 and a beta of 0.67. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $42.37.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.06. The business had revenue of $341.30 million during the quarter, compared to analyst estimates of $347.32 million. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Research analysts predict that The Simply Good Foods Company will post 1.77 EPS for the current fiscal year.

Insider Buying and Selling at Simply Good Foods

In other news, insider Timothy Richard Kraft sold 21,209 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.50, for a total transaction of $774,128.50. Following the completion of the sale, the insider now directly owns 40,068 shares of the company’s stock, valued at $1,462,482. This represents a 34.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brian K. Ratzan sold 50,000 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $37.38, for a total value of $1,869,000.00. Following the completion of the transaction, the director now owns 2,049,387 shares of the company’s stock, valued at $76,606,086.06. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 327,869 shares of company stock valued at $12,139,570. 9.35% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on SMPL shares. Stephens reduced their price objective on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Mizuho reduced their target price on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Citigroup cut their price target on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.22.

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.