The Simply Good Foods Company (NASDAQ:SMPL) Shares Bought by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT lifted its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,728 shares of the financial services provider’s stock after purchasing an additional 999 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Simply Good Foods were worth $613,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Simply Good Foods in the 4th quarter worth $26,000. Quarry LP raised its position in Simply Good Foods by 64.7% in the third quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 533 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Simply Good Foods by 215.6% in the 4th quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,201 shares during the last quarter. KBC Group NV boosted its position in shares of Simply Good Foods by 31.9% during the 3rd quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 746 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Simply Good Foods by 39.5% in the 4th quarter. Pacer Advisors Inc. now owns 3,450 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 976 shares during the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Insider Transactions at Simply Good Foods

In related news, insider Timothy Richard Kraft sold 76,761 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $37.60, for a total transaction of $2,886,213.60. Following the transaction, the insider now owns 40,068 shares of the company’s stock, valued at approximately $1,506,556.80. This trade represents a 65.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Scalzo sold 147,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $36.86, for a total transaction of $5,425,792.00. Following the completion of the sale, the director now directly owns 141,439 shares of the company’s stock, valued at $5,213,441.54. This represents a 51.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 302,869 shares of company stock valued at $11,239,820. 9.35% of the stock is owned by insiders.

Simply Good Foods Trading Down 1.3 %

NASDAQ:SMPL opened at $37.00 on Wednesday. The stock has a market cap of $3.74 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 3.31 and a beta of 0.65. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $40.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75. The stock’s 50-day moving average is $37.93 and its two-hundred day moving average is $35.42.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The firm had revenue of $341.30 million for the quarter, compared to the consensus estimate of $347.32 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. As a group, equities research analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Stephens dropped 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. Mizuho reduced their target price on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, Citigroup dropped their price target on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.22.

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.