The Simply Good Foods Company (NASDAQ:SMPL) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 70.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,575 shares of the financial services provider’s stock after purchasing an additional 1,887 shares during the quarter. TD Private Client Wealth LLC’s holdings in Simply Good Foods were worth $159,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SMPL. Quarry LP acquired a new stake in Simply Good Foods during the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its position in 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 worth $60,000 after acquiring an additional 1,241 shares during the last quarter. Innealta Capital LLC acquired a new stake in Simply Good Foods during the second quarter worth approximately $71,000. KBC Group NV boosted its position in Simply Good Foods by 31.9% during the third quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 746 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Simply Good Foods during the second quarter worth approximately $159,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Timothy Richard Kraft sold 76,761 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $37.60, for a total value of $2,886,213.60. Following the transaction, the insider now owns 40,068 shares of the company’s stock, valued at approximately $1,506,556.80. This trade represents a 65.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph Scalzo sold 25,000 shares of Simply Good Foods stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $35.99, for a total transaction of $899,750.00. Following the sale, the director now directly owns 139,204 shares in the company, valued at $5,009,951.96. This trade represents a 15.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 327,869 shares of company stock valued at $12,139,570. Company insiders own 10.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SMPL. Stephens decreased their target price on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Citigroup decreased their target price on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Mizuho raised their target price on shares of Simply Good Foods from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Simply Good Foods has an average rating of “Moderate Buy” and an average price target of $40.22.

Simply Good Foods Stock Performance

NASDAQ:SMPL opened at $39.67 on Monday. The company has a quick ratio of 2.75, a current ratio of 4.05 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.98 billion, a P/E ratio of 28.75, a P/E/G ratio of 3.51 and a beta of 0.67. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $43.00. The firm’s 50 day moving average is $36.39 and its two-hundred day moving average is $35.23.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates of $0.50. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. The business had revenue of $375.70 million for the quarter, compared to the consensus estimate of $373.07 million. During the same quarter last year, the firm posted $0.41 EPS. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. Analysts expect that The Simply Good Foods Company will post 1.77 EPS for the current year.

Simply Good Foods Company 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.