1 week Ago By ABMN Staff
JPMorgan Chase & Co. raised its holdings in shares of The Simply Good Foods Company ( NASDAQ:SMPL – Free Report ) by 49.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC.
The institutional investor owned 428,619 shares of the financial services provider’s stock after buying an additional 141,021 shares during the period. JPMorgan Chase & Co.’s holdings in Simply Good Foods were worth $16,708,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its stake in Simply Good Foods by 42.7% in the 3rd quarter.
Tidal Investments LLC now owns 51,664 shares of the financial services provider’s stock worth $1,796,000 after purchasing an additional 15,455 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Simply Good Foods by 255.5% in the fourth quarter.
Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 1,229 shares in the last quarter. State Street Corp boosted its position in shares of Simply Good Foods by 6.0% in the third quarter.
State Street Corp now owns 3,666,190 shares of the financial services provider’s stock worth $127,473,000 after buying an additional 208,070 shares during the period. HighTower Advisors LLC grew its holdings in shares of Simply Good Foods by 3.9% during the third quarter.
HighTower Advisors LLC now owns 13,504 shares of the financial services provider’s stock valued at $473,000 after buying an additional 501 shares in the last quarter. Finally, Moody Aldrich Partners LLC raised its position in Simply Good Foods by 47.8% during the fourth quarter.
Moody Aldrich Partners LLC now owns 141,410 shares of the financial services provider’s stock valued at $5,512,000 after buying an additional 45,738 shares during the period. Institutional investors and hedge funds own 88.45% of the company’s stock.
Insider Activity at Simply Good Foods In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 11th.
The stock was sold at an average price of $37.25, for a total value of $186,250.00.
Following the completion of the transaction, the senior vice president now directly owns 12,839 shares of the company’s stock, valued at $478,252.75. This represents a 28.
03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink . 9.
35% of the stock is owned by corporate insiders. Simply Good Foods Price Performance Simply Good Foods ( NASDAQ:SMPL – Get Free Report ) last announced its quarterly earnings results on Wednesday, April 9th. The financial services provider reported $0.
46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06.
Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%.
The company had revenue of $359.70 million during the quarter, compared to analysts’ expectations of $354.50 million.
During the same period in the prior year, the company earned $0.40 EPS. Simply Good Foods’s revenue was up 15.
2% compared to the same quarter last year. On average, analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth Several equities analysts have recently commented on SMPL shares. Morgan Stanley boosted their price target on shares of Simply Good Foods from $36.00 to $37.
00 and gave the company an “equal weight” rating in a report on Thursday. DA Davidson upped their target price on Simply Good Foods from $35.00 to $41.
00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Mizuho lifted their price target on Simply Good Foods from $45.00 to $47.
00 and gave the company an “outperform” rating in a report on Friday. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $40.
22. Check Out Our Latest Stock Analysis 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. Recommended 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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