Moody National Bank Trust Division Has $275,000 Position in The Simply Good Foods Company (NASDAQ:SMPL)

Moody National Bank Trust Division lessened its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 11.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,050 shares of the financial services provider’s stock after selling 900 shares during the quarter. Moody National Bank Trust Division’s holdings in Simply Good Foods were worth $275,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its position in Simply Good Foods by 20.0% during the third quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock worth $178,329,000 after buying an additional 855,070 shares in the last quarter. Champlain Investment Partners LLC grew its holdings in shares of Simply Good Foods by 4.0% during the 3rd quarter. Champlain Investment Partners LLC now owns 4,063,878 shares of the financial services provider’s stock worth $141,301,000 after purchasing an additional 155,894 shares in the last quarter. State Street Corp increased its position in shares of Simply Good Foods by 6.0% during the third quarter. State Street Corp now owns 3,666,190 shares of the financial services provider’s stock valued at $127,473,000 after purchasing an additional 208,070 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Simply Good Foods by 6.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,223,666 shares of the financial services provider’s stock valued at $116,468,000 after purchasing an additional 203,914 shares in the last quarter. Finally, Boston Trust Walden Corp bought a new position in Simply Good Foods in the third quarter worth $80,270,000. Institutional investors own 88.45% of the company’s stock.

Insider Activity

In related news, insider Timothy Richard Kraft sold 21,209 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.50, for a total value of $774,128.50. Following the transaction, the insider now owns 40,068 shares in the company, valued at $1,462,482. This trade represents a 34.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Scalzo sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was 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 of the company’s stock, valued at $5,009,951.96. This represents 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 valued at $12,139,570 over the last three months. 9.35% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SMPL. Citigroup lowered their price target on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Mizuho dropped their price target on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, Stephens decreased their price objective on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.22.

Simply Good Foods Stock Down 3.3 %

NASDAQ SMPL opened at $32.98 on Thursday. The stock’s 50 day simple moving average is $38.25 and its 200 day simple moving average is $35.39. 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 Simply Good Foods Company has a one year low of $30.00 and a one year high of $42.37. The firm has a market cap of $3.33 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 3.51 and a beta of 0.67.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating 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 business had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $347.32 million. During the same period in the previous year, the business posted $0.43 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, sell-side analysts forecast that The Simply Good Foods Company will post 1.77 earnings per share for the current fiscal year.

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.