Everence Capital Management Inc. Invests $377,000 in The Simply Good Foods Company (NASDAQ:SMPL)

Everence Capital Management Inc. acquired a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 9,530 shares of the financial services provider’s stock, valued at approximately $377,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SMPL. Belpointe Asset Management LLC grew its holdings in Simply Good Foods by 235.7% during the first quarter. Belpointe Asset Management LLC now owns 621 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 436 shares during the period. Point72 Middle East FZE acquired a new position in Simply Good Foods during the fourth quarter worth $30,000. Pacer Advisors Inc. grew its holdings in Simply Good Foods by 121.5% during the fourth quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 457 shares during the period. Meeder Asset Management Inc. grew its holdings in Simply Good Foods by 9,214.3% during the fourth quarter. Meeder Asset Management Inc. now owns 1,304 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 1,290 shares during the period. Finally, Ronald Blue Trust Inc. grew its holdings in Simply Good Foods by 713.6% during the third quarter. Ronald Blue Trust Inc. now owns 1,554 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 1,363 shares during the period. Institutional investors and hedge funds own 88.45% of the company’s stock.

Analyst Ratings Changes

SMPL has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price objective on Simply Good Foods from $48.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. DA Davidson lowered their target price on Simply Good Foods from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $42.00 target price (up previously from $41.00) on shares of Simply Good Foods in a report on Tuesday, January 2nd. Mizuho reissued a “buy” rating and issued a $50.00 target price on shares of Simply Good Foods in a report on Friday, April 5th. Finally, Needham & Company LLC lowered their target price on Simply Good Foods from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $41.17.

Simply Good Foods Stock Performance

NASDAQ SMPL opened at $32.41 on Friday. The business’s 50-day moving average price is $34.00 and its 200 day moving average price is $36.72. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00. The company has a market capitalization of $3.24 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 2.42 and a beta of 0.69. The company has a current ratio of 4.20, a quick ratio of 3.09 and a debt-to-equity ratio of 0.14.

Insider Buying and Selling

In related news, Director Robert G. Montgomery sold 2,500 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $39.36, for a total transaction of $98,400.00. Following the transaction, the director now directly owns 52,738 shares in the company, valued at $2,075,767.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.98% of the stock is currently owned by company insiders.

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.