Handelsbanken Fonder AB Buys 5,400 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Handelsbanken Fonder AB grew its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 474,400 shares of the financial services provider’s stock after acquiring an additional 5,400 shares during the period. Handelsbanken Fonder AB’s holdings in Simply Good Foods were worth $16,362,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SMPL. Moors & Cabot Inc. purchased a new position in Simply Good Foods during the third quarter valued at approximately $26,000. Nisa Investment Advisors LLC increased its holdings in Simply Good Foods by 26.3% during the second quarter. Nisa Investment Advisors LLC now owns 4,420 shares of the financial services provider’s stock valued at $161,000 after buying an additional 920 shares during the period. FORA Capital LLC increased its holdings in Simply Good Foods by 651.6% during the second quarter. FORA Capital LLC now owns 4,397 shares of the financial services provider’s stock valued at $161,000 after buying an additional 3,812 shares during the period. Advisor Group Holdings Inc. increased its holdings in Simply Good Foods by 5.9% during the third quarter. Advisor Group Holdings Inc. now owns 5,011 shares of the financial services provider’s stock valued at $172,000 after buying an additional 280 shares during the period. Finally, Shelton Capital Management purchased a new position in Simply Good Foods during the second quarter valued at approximately $205,000. 88.63% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Simply Good Foods from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, January 6th. The Goldman Sachs Group lifted their price target on shares of Simply Good Foods from $46.00 to $50.00 in a report on Wednesday, January 5th. Citigroup lifted their price target on shares of Simply Good Foods from $43.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, January 6th. Credit Suisse Group raised shares of Simply Good Foods from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $38.00 to $45.00 in a report on Thursday, January 6th. Finally, Stifel Nicolaus raised shares of Simply Good Foods from a “hold” rating to a “buy” rating and lifted their price target for the stock from $38.00 to $42.00 in a report on Sunday, October 24th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $42.18.

In related news, CEO Joseph Scalzo sold 77,823 shares of the business’s stock in a transaction on Tuesday, December 28th. The shares were sold at an average price of $41.69, for a total transaction of $3,244,440.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Conyers Park Sponsor Llc sold 118,570 shares of the business’s stock in a transaction on Monday, November 15th. The shares were sold at an average price of $39.78, for a total transaction of $4,716,714.60. The disclosure for this sale can be found here. Insiders have sold 425,575 shares of company stock valued at $16,801,464 over the last 90 days. 3.99% of the stock is currently owned by insiders.

NASDAQ:SMPL opened at $39.15 on Friday. The Simply Good Foods Company has a 12 month low of $26.78 and a 12 month high of $43.17. The firm has a fifty day simple moving average of $39.14 and a 200-day simple moving average of $37.25. The company has a current ratio of 3.56, a quick ratio of 2.17 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $3.76 billion, a P/E ratio of 59.32 and a beta of 1.07.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Tuesday, January 4th. The financial services provider reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.09. Simply Good Foods had a net margin of 6.10% and a return on equity of 11.50%. The business had revenue of $281.30 million during the quarter, compared to the consensus estimate of $266.28 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. Equities analysts forecast that The Simply Good Foods Company will post 1.42 EPS for the current year.

Simply Good Foods Company Profile

The Simply Good Foods Co is a consumer packaged food and beverage company, which engages in the development, marketing, and sale of nutritional food and snacking products. Its products include nutrition bars, ready-to-drink shakes, snacks, confectionery, and frozen meals under the Atkins and Quest brands.

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

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