iSAM Funds UK Ltd Buys 2,693 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

iSAM Funds UK Ltd increased its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 36.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,042 shares of the financial services provider’s stock after acquiring an additional 2,693 shares during the quarter. iSAM Funds UK Ltd’s holdings in Simply Good Foods were worth $391,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in Simply Good Foods by 50.2% during the fourth quarter. Wells Fargo & Company MN now owns 45,685 shares of the financial services provider’s stock worth $1,781,000 after buying an additional 15,275 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Simply Good Foods by 255.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock worth $66,000 after buying an additional 1,229 shares in the last quarter. Moody Aldrich Partners LLC boosted its stake in Simply Good Foods by 47.8% during the fourth quarter. Moody Aldrich Partners LLC now owns 141,410 shares of the financial services provider’s stock worth $5,512,000 after buying an additional 45,738 shares in the last quarter. Barclays PLC boosted its stake in Simply Good Foods by 396.7% during the third quarter. Barclays PLC now owns 165,201 shares of the financial services provider’s stock worth $5,744,000 after buying an additional 131,939 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Simply Good Foods by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,033,884 shares of the financial services provider’s stock worth $40,301,000 after buying an additional 43,874 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Insiders Place Their Bets

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the sale, the senior vice president now owns 12,839 shares of the company’s stock, valued at $478,252.75. This represents a 28.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.35% of the company’s stock.

Simply Good Foods Stock Up 0.4%

SMPL opened at $36.23 on Wednesday. The firm’s 50-day simple moving average is $35.36 and its 200-day simple moving average is $36.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. The Simply Good Foods Company has a twelve month low of $31.25 and a twelve month high of $40.53. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 3.23 and a beta of 0.72.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The firm had revenue of $359.70 million for the quarter, compared to analyst estimates of $354.50 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The company’s revenue was up 15.2% on a year-over-year basis. Equities research analysts anticipate that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SMPL has been the topic of a number of recent research reports. DA Davidson lifted their price target on shares of Simply Good Foods from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, April 11th. Morgan Stanley lifted their price target on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 10th. UBS Group started coverage on shares of Simply Good Foods in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $41.00 price target on the stock. Finally, Mizuho upped their target price on shares of Simply Good Foods from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, April 11th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

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.