UBS Group AG Lowers Stock Position in The Simply Good Foods Company $SMPL

UBS Group AG lessened its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 75.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,212 shares of the financial services provider’s stock after selling 359,105 shares during the quarter. UBS Group AG’s holdings in Simply Good Foods were worth $2,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SMPL. Vanguard Group Inc. boosted its stake in shares of Simply Good Foods by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 10,631,429 shares of the financial services provider’s stock worth $213,479,000 after acquiring an additional 249,405 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of Simply Good Foods by 468.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 208,385 shares of the financial services provider’s stock worth $5,172,000 after acquiring an additional 171,745 shares in the last quarter. Clark Estates Inc. NY purchased a new stake in shares of Simply Good Foods during the 3rd quarter worth approximately $1,986,000. Magnetar Financial LLC boosted its stake in shares of Simply Good Foods by 134.0% during the 3rd quarter. Magnetar Financial LLC now owns 141,076 shares of the financial services provider’s stock worth $3,502,000 after acquiring an additional 80,795 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of Simply Good Foods by 802.8% during the 3rd quarter. GSA Capital Partners LLP now owns 67,780 shares of the financial services provider’s stock worth $1,682,000 after acquiring an additional 60,272 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Insider Buying and Selling

In related news, Director James M. Kilts bought 80,000 shares of Simply Good Foods stock in a transaction that occurred on Thursday, April 23rd. The shares were purchased at an average price of $12.39 per share, with a total value of $991,200.00. Following the purchase, the director 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Clayton C. Daley, Jr. bought 10,000 shares of Simply Good Foods stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $11.78 per share, for a total transaction of $117,800.00. Following the purchase, the director owned 111,743 shares in the company, valued at $1,316,332.54. This represents a 9.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 8.76% of the stock is currently owned by corporate insiders.

Simply Good Foods Price Performance

SMPL stock opened at $11.69 on Thursday. The Simply Good Foods Company has a 1 year low of $10.21 and a 1 year high of $35.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.87 and a current ratio of 5.06. The stock’s 50 day moving average price is $12.82 and its 200 day moving average price is $16.56. The firm has a market cap of $1.06 billion, a P/E ratio of -9.82 and a beta of 0.21.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Thursday, April 9th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Simply Good Foods had a positive return on equity of 9.72% and a negative net margin of 7.46%.The firm had revenue of $326.01 million for the quarter, compared to analyst estimates of $345.08 million. During the same quarter in the prior year, the company earned $0.46 EPS. Simply Good Foods’s revenue was down 9.4% on a year-over-year basis. On average, sell-side analysts expect that The Simply Good Foods Company will post 1.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

SMPL has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Simply Good Foods from $16.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, April 10th. BTIG Research initiated coverage on Simply Good Foods in a research note on Monday, April 13th. They set a “neutral” rating on the stock. Stifel Nicolaus decreased their price target on Simply Good Foods from $32.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. TD Cowen decreased their price target on Simply Good Foods from $20.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, April 10th. Finally, Mizuho set a $19.00 price target on Simply Good Foods in a research note on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $21.64.

About Simply Good Foods

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.