The Simply Good Foods Company (NASDAQ:SMPL) Shares Acquired by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC increased its position in The Simply Good Foods Company (NASDAQ:SMPL) by 1.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,916,389 shares of the financial services provider’s stock after purchasing an additional 31,855 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Simply Good Foods were worth $74,701,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. ProShare Advisors LLC raised its position in shares of Simply Good Foods by 41.6% during the 4th quarter. ProShare Advisors LLC now owns 28,624 shares of the financial services provider’s stock valued at $1,116,000 after acquiring an additional 8,415 shares in the last quarter. Man Group plc acquired a new stake in shares of Simply Good Foods during the fourth quarter worth $10,170,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Simply Good Foods by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,969 shares of the financial services provider’s stock worth $2,026,000 after buying an additional 2,018 shares during the last quarter. J. Goldman & Co LP acquired a new position in shares of Simply Good Foods in the 4th quarter valued at about $1,349,000. Finally, Deutsche Bank AG grew its position in shares of Simply Good Foods by 59.1% during the 4th quarter. Deutsche Bank AG now owns 88,314 shares of the financial services provider’s stock valued at $3,442,000 after buying an additional 32,800 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Trading Up 1.9%

Simply Good Foods stock opened at $36.06 on Friday. The Simply Good Foods Company has a one year low of $31.25 and a one year high of $40.53. The company’s fifty day moving average price is $35.29 and its two-hundred day moving average price is $36.71. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 3.23 and a beta of 0.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75.

Simply Good Foods (NASDAQ:SMPL) last released 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. The company had revenue of $359.70 million for the quarter, compared to analyst estimates of $354.50 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. On average, analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SMPL has been the subject of several recent research reports. UBS Group assumed coverage on shares of Simply Good Foods in a research report on Wednesday, April 23rd. They set a “neutral” rating and a $41.00 price target for the company. Morgan Stanley increased their price objective on Simply Good Foods from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 10th. DA Davidson increased their price target on shares of Simply Good Foods from $35.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday, April 11th. Finally, Mizuho increased their target price on shares of Simply Good Foods from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, April 11th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Simply Good Foods has an average rating of “Moderate Buy” and an average target price of $41.00.

Insider Buying and Selling at Simply Good Foods

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the completion of the sale, the senior vice president now owns 12,839 shares in the company, valued at $478,252.75. The trade was a 28.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 9.35% of the company’s stock.

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.