AMI Asset Management Corp Sells 1,494 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

AMI Asset Management Corp cut its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,319 shares of the financial services provider’s stock after selling 1,494 shares during the period. AMI Asset Management Corp’s holdings in Simply Good Foods were worth $1,572,000 at the end of the most recent reporting period.

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

Insider Activity at Simply Good Foods

In related news, Director Joseph Scalzo sold 2,374 shares of Simply Good Foods stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $36.23, for a total value of $86,010.02. Following the completion of the transaction, the director now directly owns 136,830 shares in the company, valued at approximately $4,957,350.90. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy Richard Kraft sold 76,761 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $37.60, for a total transaction of $2,886,213.60. Following the sale, the insider now directly owns 40,068 shares in the company, valued at $1,506,556.80. The trade was a 65.70 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 327,869 shares of company stock worth $12,139,570. Company insiders own 9.35% of the company’s stock.

Simply Good Foods Trading Up 1.7 %

Shares of SMPL stock opened at $33.87 on Tuesday. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $42.37. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $38.03 and a 200-day moving average of $35.32. The firm has a market cap of $3.42 billion, a P/E ratio of 24.02, a PEG ratio of 2.95 and a beta of 0.67.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The firm had revenue of $341.30 million for the quarter, compared to analyst estimates of $347.32 million. During the same period in the previous year, the company posted $0.43 earnings per share. The business’s revenue was up 10.6% on a year-over-year basis. Sell-side analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Mizuho lowered 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 report on Friday, January 10th. Citigroup decreased their price objective on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Finally, Stephens reduced their target price on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company 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.