2 weeks Ago By Defense World Staff
Bank of Montreal Can lifted its stake in The Simply Good Foods Company (NASDAQ:SMPL – Free Report) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,272 shares of the financial services provider’s stock after purchasing an additional 1,349 shares during the period.
Bank of Montreal Can’s holdings in Simply Good Foods were worth $439,000 at the end of the most recent quarter. Several other hedge funds have also added to or reduced their stakes in SMPL. R Squared Ltd acquired a new position in shares of Simply Good Foods in the 4th quarter valued at $26,000.
CIBC Private Wealth Group LLC raised its position in Simply Good Foods by 72.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 445 shares in the last quarter.
Smartleaf Asset Management LLC raised its stake in 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 buying an additional 1,229 shares during the period.
GAMMA Investing LLC increased its holdings in shares of Simply Good Foods by 215.6% in the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,201 shares during the last quarter.
Finally, Quadrant Capital Group LLC lifted its position in Simply Good Foods by 13.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 300 shares during the last quarter.
Institutional investors own 88.45% of the company’s stock. Insider Buying and SellingIn related news, SVP Stuart E.
Jr. Heflin sold 5,000 shares of Simply Good Foods 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 sale, the senior vice president now directly owns 12,839 shares in the company, valued at approximately $478,252.
75. This trade represents a 28.03 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.35% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast GrowthA number of research firms have issued reports on SMPL. DA Davidson boosted their price objective on shares of Simply Good Foods from $35.00 to $41.
00 and gave the company a “neutral” rating in a report on Friday, April 11th. Mizuho upped their price target on shares of Simply Good Foods from $45.00 to $47.
00 and gave the stock an “outperform” rating in a report on Friday, April 11th. Finally, Morgan Stanley increased their price objective on Simply Good Foods from $36.00 to $37.
00 and gave the company an “equal weight” rating in a report on Thursday, April 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.
com, Simply Good Foods currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.Read Our Latest Stock Analysis on SMPLSimply Good Foods Stock PerformanceNASDAQ:SMPL opened at $36.
24 on Wednesday. The company has a fifty day moving average of $35.66 and a 200-day moving average of $36.
44. The Simply Good Foods Company has a twelve month low of $31.25 and a twelve month high of $40.
53. The firm has a market capitalization of $3.66 billion, a P/E ratio of 25.
70, a P/E/G ratio of 3.23 and a beta of 0.63.
The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.
20. Simply Good Foods (NASDAQ:SMPL – Get Free Report) last issued its earnings results on Wednesday, April 9th. The financial services provider reported $0.
46 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $354.50 million.
During the same period in the prior year, the firm earned $0.40 earnings per share. Simply Good Foods’s revenue for the quarter was up 15.
2% on a year-over-year basis. As a group, sell-side analysts anticipate that The Simply Good Foods Company will post 1.78 EPS for the current year.
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.
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