Simply Good Foods Co (NASDAQ:SMPL) Stake Raised by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in Simply Good Foods Co (NASDAQ:SMPL) by 9.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 256,752 shares of the financial services provider’s stock after acquiring an additional 22,101 shares during the quarter. Wells Fargo & Company MN’s holdings in Simply Good Foods were worth $6,182,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SMPL. Dimensional Fund Advisors LP raised its holdings in Simply Good Foods by 245.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 834,888 shares of the financial services provider’s stock worth $15,778,000 after buying an additional 593,243 shares during the period. OppenheimerFunds Inc. grew its stake in Simply Good Foods by 29.3% during the 1st quarter. OppenheimerFunds Inc. now owns 1,144,342 shares of the financial services provider’s stock valued at $23,563,000 after acquiring an additional 259,192 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in Simply Good Foods by 21.2% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,293,945 shares of the financial services provider’s stock valued at $31,158,000 after acquiring an additional 226,490 shares in the last quarter. Eagle Asset Management Inc. grew its stake in Simply Good Foods by 22.1% during the 2nd quarter. Eagle Asset Management Inc. now owns 1,146,861 shares of the financial services provider’s stock valued at $27,616,000 after acquiring an additional 207,726 shares in the last quarter. Finally, Emerald Advisers LLC grew its stake in Simply Good Foods by 13.8% during the 2nd quarter. Emerald Advisers LLC now owns 1,433,355 shares of the financial services provider’s stock valued at $34,515,000 after acquiring an additional 174,110 shares in the last quarter. Hedge funds and other institutional investors own 85.86% of the company’s stock.

In other news, COO Hanno E. Holm sold 1,750 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $27.87, for a total transaction of $48,772.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Hanno E. Holm sold 15,983 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $26.88, for a total value of $429,623.04. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.



Several brokerages recently commented on SMPL. Zacks Investment Research cut Simply Good Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. SunTrust Banks reissued a “hold” rating and issued a $25.00 price target on shares of Simply Good Foods in a research note on Wednesday, July 3rd. Deutsche Bank boosted their price target on Simply Good Foods from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, July 4th. Buckingham Research boosted their price target on Simply Good Foods from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Finally, ValuEngine cut Simply Good Foods from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $29.00.

Simply Good Foods stock traded up $0.09 during trading hours on Monday, reaching $30.21. 10,357 shares of the company were exchanged, compared to its average volume of 550,663. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 52.04 and a beta of 0.80. The company has a current ratio of 8.63, a quick ratio of 7.57 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average of $27.99 and a 200 day moving average of $24.07. Simply Good Foods Co has a 12 month low of $16.55 and a 12 month high of $31.34.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Tuesday, July 2nd. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $139.50 million during the quarter, compared to analysts’ expectations of $120.85 million. Simply Good Foods had a return on equity of 6.81% and a net margin of 10.79%. The company’s revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. As a group, research analysts forecast that Simply Good Foods Co will post 0.69 EPS for the current year.

Simply Good Foods Company Profile

The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.

Featured Article: How dollar cost averaging works

Want to see what other hedge funds are holding SMPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simply Good Foods Co (NASDAQ:SMPL).

Institutional Ownership by Quarter for Simply Good Foods (NASDAQ:SMPL)

Receive News & Ratings for Simply Good Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simply Good Foods and related companies with MarketBeat.com's FREE daily email newsletter.