The Simply Good Foods Company (NASDAQ:SMPL) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. trimmed its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,825 shares of the financial services provider’s stock after selling 600 shares during the period. Atria Wealth Solutions Inc.’s holdings in Simply Good Foods were worth $468,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SMPL. Pacer Advisors Inc. grew its holdings in shares of 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 buying an additional 457 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Simply Good Foods by 103.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 433 shares during the last quarter. Blue Trust Inc. grew its stake in Simply Good Foods by 18.8% in the 4th quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 292 shares during the period. Xponance Inc. acquired a new position in Simply Good Foods in the 4th quarter valued at $218,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Simply Good Foods by 36.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,565 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 1,500 shares during the period. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Simply Good Foods in a research report on Tuesday, April 30th. Morgan Stanley reaffirmed an “overweight” rating and set a $42.00 price objective on shares of Simply Good Foods in a research note on Thursday, April 11th. TD Cowen began coverage on shares of Simply Good Foods in a report on Monday, April 22nd. They set a “hold” rating and a $34.00 price objective on the stock. Stifel Nicolaus lowered their target price on shares of Simply Good Foods from $48.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Finally, Mizuho reaffirmed a “buy” rating and set a $50.00 price target on shares of Simply Good Foods in a research note on Friday, April 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.29.

Simply Good Foods Trading Down 1.5 %

Shares of SMPL stock opened at $36.77 on Tuesday. The company has a quick ratio of 3.09, a current ratio of 4.20 and a debt-to-equity ratio of 0.14. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $43.00. The firm’s 50 day moving average price is $33.90 and its two-hundred day moving average price is $36.91. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 2.30 and a beta of 0.65.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Thursday, April 4th. The financial services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. Simply Good Foods had a net margin of 11.12% and a return on equity of 10.12%. On average, analysts anticipate that The Simply Good Foods Company will post 1.71 EPS for the current year.

About Simply Good Foods

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.