Janney Capital Management LLC Sells 518 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Janney Capital Management LLC cut its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,833 shares of the financial services provider’s stock after selling 518 shares during the period. Janney Capital Management LLC’s holdings in Simply Good Foods were worth $446,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SMPL. Boston Trust Walden Corp bought a new stake in Simply Good Foods in the third quarter valued at approximately $80,270,000. Armistice Capital LLC bought a new position in shares of Simply Good Foods during the 2nd quarter worth approximately $34,582,000. Champlain Investment Partners LLC boosted its holdings in shares of Simply Good Foods by 27.7% during the 1st quarter. Champlain Investment Partners LLC now owns 3,939,494 shares of the financial services provider’s stock worth $134,061,000 after buying an additional 854,550 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Simply Good Foods by 107.0% during the 2nd quarter. Victory Capital Management Inc. now owns 920,802 shares of the financial services provider’s stock worth $33,269,000 after buying an additional 475,928 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Simply Good Foods by 276.4% during the 2nd quarter. Marshall Wace LLP now owns 536,174 shares of the financial services provider’s stock worth $19,372,000 after buying an additional 393,720 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stephens cut their price target on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Three investment 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 an average rating of “Moderate Buy” and an average target price of $40.50.

Simply Good Foods Price Performance

Shares of NASDAQ:SMPL opened at $34.10 on Monday. The company has a quick ratio of 2.75, a current ratio of 4.05 and a debt-to-equity ratio of 0.23. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00. The stock’s 50 day moving average is $33.44 and its 200-day moving average is $34.81. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 2.93 and a beta of 0.64.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The company had revenue of $375.70 million for the quarter, compared to analyst estimates of $373.07 million. During the same period in the prior year, the firm earned $0.41 earnings per share. Simply Good Foods’s revenue for the quarter was up 17.3% on a year-over-year basis. Sell-side analysts forecast that The Simply Good Foods Company will post 1.79 EPS for the current fiscal year.

Simply Good Foods Company 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.