F m Investments LLC Sells 2,718 Shares of The Simply Good Foods Company $SMPL

F m Investments LLC decreased its position in The Simply Good Foods Company (NASDAQ:SMPL) by 23.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,020 shares of the financial services provider’s stock after selling 2,718 shares during the period. F m Investments LLC’s holdings in Simply Good Foods were worth $285,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. William Blair Investment Management LLC bought a new position in shares of Simply Good Foods in the second quarter valued at approximately $48,841,000. Norges Bank purchased a new position in Simply Good Foods in the second quarter worth $36,419,000. Wellington Management Group LLP grew its stake in Simply Good Foods by 18.3% in the 1st quarter. Wellington Management Group LLP now owns 4,195,497 shares of the financial services provider’s stock valued at $144,703,000 after purchasing an additional 649,258 shares during the period. Nuveen LLC bought a new position in Simply Good Foods in the 1st quarter valued at $14,151,000. Finally, Prospector Partners LLC purchased a new stake in shares of Simply Good Foods during the 1st quarter valued at $10,188,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Simply Good Foods Price Performance

SMPL opened at $19.69 on Friday. The firm has a 50-day moving average price of $22.06 and a 200-day moving average price of $28.15. The Simply Good Foods Company has a twelve month low of $18.47 and a twelve month high of $40.31. The company has a quick ratio of 2.30, a current ratio of 3.64 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 3.40 and a beta of 0.47.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). Simply Good Foods had a return on equity of 10.06% and a net margin of 7.14%.The business had revenue of $369.04 million during the quarter, compared to the consensus estimate of $369.07 million. During the same period last year, the business posted $0.50 earnings per share. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. Simply Good Foods has set its FY 2026 guidance at EPS. Equities analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current year.

Insider Activity

In related news, CFO Christopher J. Bealer purchased 9,946 shares of Simply Good Foods stock in a transaction dated Thursday, November 6th. The stock was bought at an average cost of $20.01 per share, for a total transaction of $199,019.46. Following the completion of the transaction, the chief financial officer owned 32,966 shares in the company, valued at $659,649.66. This trade represents a 43.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Timothy Allen Matthews sold 5,859 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $19.47, for a total value of $114,074.73. Following the sale, the chief accounting officer directly owned 18,065 shares in the company, valued at $351,725.55. This trade represents a 24.49% decrease in their position. The disclosure for this sale is available in the SEC filing. 9.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SMPL has been the topic of a number of research analyst reports. Jefferies Financial Group cut their price target on shares of Simply Good Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, October 22nd. Morgan Stanley set a $24.00 target price on shares of Simply Good Foods in a research note on Monday, October 27th. Zacks Research downgraded shares of Simply Good Foods from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Weiss Ratings cut shares of Simply Good Foods from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Finally, Stifel Nicolaus set a $32.00 price objective on Simply Good Foods in a report on Friday, October 24th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $32.22.

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.