Boston Trust Walden Corp Has $52.17 Million Position in The Simply Good Foods Company $SMPL

Boston Trust Walden Corp boosted its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 10.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 3,635,464 shares of the financial services provider’s stock after purchasing an additional 330,330 shares during the period. Boston Trust Walden Corp’s holdings in Simply Good Foods were worth $52,169,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Simply Good Foods by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 10,631,429 shares of the financial services provider’s stock valued at $213,479,000 after acquiring an additional 249,405 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Simply Good Foods by 8.8% in the third quarter. Dimensional Fund Advisors LP now owns 4,288,680 shares of the financial services provider’s stock worth $106,443,000 after purchasing an additional 346,395 shares in the last quarter. State Street Corp boosted its holdings in Simply Good Foods by 0.4% in the second quarter. State Street Corp now owns 3,645,749 shares of the financial services provider’s stock worth $115,169,000 after purchasing an additional 14,089 shares in the last quarter. William Blair Investment Management LLC increased its position in Simply Good Foods by 28.4% during the fourth quarter. William Blair Investment Management LLC now owns 2,124,640 shares of the financial services provider’s stock worth $42,663,000 after buying an additional 469,903 shares during the last quarter. Finally, River Road Asset Management LLC acquired a new position in Simply Good Foods during the fourth quarter worth $31,857,000. Institutional investors own 88.45% of the company’s stock.

Insider Activity at Simply Good Foods

In other Simply Good Foods news, Director James M. Kilts purchased 80,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was bought at an average cost of $12.39 per share, for a total transaction of $991,200.00. Following the completion of the acquisition, the director directly owned 172,854 shares in the company, valued at $2,141,661.06. This represents a 86.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Clayton C. Daley, Jr. acquired 10,000 shares of Simply Good Foods stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $11.78 per share, with a total value of $117,800.00. Following the completion of the transaction, the director directly owned 111,743 shares of the company’s stock, valued at $1,316,332.54. This trade represents a 9.83% increase in their position. The SEC filing for this purchase provides additional information. 8.76% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on SMPL. Morgan Stanley reduced their price target on Simply Good Foods from $24.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. UBS Group lowered their price objective on Simply Good Foods from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, June 2nd. Stephens reissued an “equal weight” rating and issued a $14.00 price objective (down from $24.00) on shares of Simply Good Foods in a research note on Friday, April 10th. BTIG Research started coverage on Simply Good Foods in a report on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus decreased their target price on Simply Good Foods from $32.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $17.30.

Simply Good Foods Stock Up 1.7%

SMPL stock opened at $13.73 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.06 and a quick ratio of 2.87. The Simply Good Foods Company has a 52-week low of $10.21 and a 52-week high of $34.19. The company has a 50-day moving average of $12.29 and a two-hundred day moving average of $15.28. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -11.54 and a beta of 0.13.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, April 9th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. The company had revenue of $326.01 million for the quarter, compared to the consensus estimate of $345.08 million. Simply Good Foods had a positive return on equity of 9.72% and a negative net margin of 7.46%.The firm’s revenue was down 9.4% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share. As a group, equities research analysts anticipate that The Simply Good Foods Company will post 1.54 EPS for the current year.

Simply Good Foods Company Profile

Simply Good Foods Co (NASDAQ: SMPL) is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.

Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.