2 weeks Ago By Defense World Staff
Envestnet Asset Management Inc. lifted its position in shares of The Simply Good Foods Company (NASDAQ:SMPL – Free Report) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 163,180 shares of the financial services provider’s stock after purchasing an additional 8,041 shares during the period. Envestnet Asset Management Inc. owned about 0.
16% of Simply Good Foods worth $6,361,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new stake in Simply Good Foods during the 4th quarter worth about $26,000.
CIBC Private Wealth Group LLC lifted its stake 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 purchasing an additional 445 shares during the last quarter.
Smartleaf Asset Management LLC boosted its holdings 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 purchasing an additional 1,229 shares in the last quarter.
GAMMA Investing LLC boosted its holdings in 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 in the last quarter.
Finally, Parkside Financial Bank & Trust raised its holdings in Simply Good Foods by 119.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,555 shares in the last quarter.
Institutional investors and hedge funds own 88.45% of the company’s stock. Simply Good Foods Trading Up 2.
2 %NASDAQ SMPL opened at $37.31 on Monday. The Simply Good Foods Company has a one year low of $31.
25 and a one year high of $40.53. The firm has a market cap of $3.
77 billion, a PE ratio of 26.46, a P/E/G ratio of 3.23 and a beta of 0.
63. The firm’s fifty day moving average is $35.74 and its two-hundred day moving average is $36.
42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.
75 and a current ratio of 4.23. Simply Good Foods (NASDAQ:SMPL – Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th.
The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $359.70 million for the quarter, compared to analysts’ expectations of $354.
50 million. During the same quarter in the previous year, the firm posted $0.40 EPS.
The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts expect that The Simply Good Foods Company will post 1.
78 earnings per share for the current year. Wall Street Analyst Weigh InSeveral brokerages have recently issued reports on SMPL. Mizuho upped their target price on shares of Simply Good Foods from $45.
00 to $47.00 and gave the company an “outperform” rating in a report on Friday, April 11th. Morgan Stanley upped their price objective on shares of Simply Good Foods from $36.
00 to $37.00 and gave the company an “equal weight” rating in a research note on Thursday, April 10th. Finally, DA Davidson lifted 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, April 11th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock.
According to data from MarketBeat.com, Simply Good Foods currently has an average rating of “Moderate Buy” and an average target price of $40.22.
Get Our Latest Stock Report on Simply Good FoodsInsider Buying and SellingIn other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business’s stock in a transaction dated Friday, April 11th.
The shares were sold at an average price of $37.25, for a total transaction of $186,250.00.
Following the transaction, the senior vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 9.
35% of the company’s stock. About Simply Good Foods (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.
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