2 weeks Ago By ABMN Staff
Canada Pension Plan Investment Board bought a new position in The Simply Good Foods Company ( NASDAQ:SMPL – Free Report ) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,400 shares of the financial services provider’s stock, valued at approximately $159,000. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock.
Vanguard Group Inc. lifted its position in Simply Good Foods by 1.6% in the 1st quarter.
Vanguard Group Inc. now owns 11,099,351 shares of the financial services provider’s stock worth $377,711,000 after buying an additional 174,157 shares in the last quarter. Champlain Investment Partners LLC lifted its position in Simply Good Foods by 27.
7% in the 1st quarter. Champlain Investment Partners LLC now owns 3,939,494 shares of the financial services provider’s stock worth $134,061,000 after buying an additional 854,550 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Simply Good Foods by 6.
8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,223,666 shares of the financial services provider’s stock worth $116,468,000 after buying an additional 203,914 shares in the last quarter. Principal Financial Group Inc.
lifted its position in Simply Good Foods by 14.3% in the 2nd quarter. Principal Financial Group Inc.
now owns 1,474,736 shares of the financial services provider’s stock worth $53,282,000 after buying an additional 184,539 shares in the last quarter. Finally, Congress Asset Management Co. MA lifted its position in Simply Good Foods by 7.
4% in the 1st quarter. Congress Asset Management Co. MA now owns 1,313,011 shares of the financial services provider’s stock worth $44,682,000 after buying an additional 90,154 shares in the last quarter.
Hedge funds and other institutional investors own 88.45% of the company’s stock. Insider Transactions at Simply Good Foods In other news, SVP Stuart E.
Jr. Heflin sold 1,058 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $34.
44, for a total transaction of $36,437.52. Following the transaction, the senior vice president now owns 19,319 shares in the company, valued at approximately $665,346.
36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website . Insiders own 10.
98% of the company’s stock. Simply Good Foods Stock Performance Simply Good Foods ( NASDAQ:SMPL – Get Free Report ) last announced its earnings results on Thursday, June 27th. The financial services provider reported $0.
50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02.
The firm had revenue of $334.80 million for the quarter, compared to the consensus estimate of $337.66 million.
Simply Good Foods had a net margin of 11.49% and a return on equity of 10.28%.
The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.
40 EPS. As a group, analysts expect that The Simply Good Foods Company will post 1.69 earnings per share for the current year.
Analysts Set New Price Targets SMPL has been the topic of a number of recent research reports. DA Davidson raised their price target on shares of Simply Good Foods from $35.00 to $38.
00 and gave the company a “neutral” rating in a report on Monday, July 1st. Stifel Nicolaus raised their price target on shares of Simply Good Foods from $38.00 to $40.
00 and gave the company a “buy” rating in a report on Friday, June 14th. Needham & Company LLC restated a “buy” rating and set a $41.00 price target on shares of Simply Good Foods in a report on Friday, June 28th.
Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Simply Good Foods from $36.00 to $37.00 and gave the company a “hold” rating in a report on Friday, June 14th.
Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Simply Good Foods presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.
29. Get Our Latest Stock Report on Simply Good Foods Simply Good Foods Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding SMPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Simply Good Foods Company ( NASDAQ:SMPL – Free Report ).
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