Congress Wealth Management LLC DE Buys 10,376 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Congress Wealth Management LLC DE increased its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 5.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,854 shares of the financial services provider’s stock after purchasing an additional 10,376 shares during the quarter. Congress Wealth Management LLC DE owned about 0.20% of Simply Good Foods worth $6,767,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. grew its stake in shares of Simply Good Foods by 121.5% during the fourth quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 457 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Simply Good Foods by 103.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 433 shares during the last quarter. Principal Securities Inc. bought a new position in Simply Good Foods in the fourth quarter valued at approximately $36,000. TFO Wealth Partners LLC boosted its stake in Simply Good Foods by 59,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 1,182 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Simply Good Foods by 18.8% in the fourth quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 292 shares during the last quarter. 88.45% of the stock is owned by institutional investors.

Simply Good Foods Trading Down 1.0 %

Shares of NASDAQ SMPL traded down $0.36 during midday trading on Monday, reaching $35.77. 817,601 shares of the stock were exchanged, compared to its average volume of 872,474. The business has a 50-day simple moving average of $36.77 and a two-hundred day simple moving average of $36.58. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 2.12 and a beta of 0.65. The Simply Good Foods Company has a 12 month low of $30.00 and a 12 month high of $43.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.19 and a quick ratio of 4.05.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Thursday, June 27th. The financial services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Simply Good Foods had a net margin of 11.49% and a return on equity of 10.28%. The company had revenue of $334.80 million for the quarter, compared to analysts’ expectations of $337.66 million. During the same period last year, the firm posted $0.40 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities research analysts expect that The Simply Good Foods Company will post 1.7 EPS for the current year.

Insider Buying and Selling

In related news, Director James D. White sold 4,000 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $38.17, for a total transaction of $152,680.00. Following the sale, the director now directly owns 17,027 shares in the company, valued at $649,920.59. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.98% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on SMPL. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Simply Good Foods from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Friday, June 14th. DA Davidson raised their price objective on shares of Simply Good Foods from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday. Needham & Company LLC reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Simply Good Foods in a research note on Friday. Stifel Nicolaus raised their price objective on shares of Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $42.00 price objective on shares of Simply Good Foods in a research note on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and four 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 an average price target of $40.29.

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.