Quest Partners LLC Acquires 16,268 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Quest Partners LLC raised its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 65.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,277 shares of the financial services provider’s stock after purchasing an additional 16,268 shares during the quarter. Quest Partners LLC’s holdings in Simply Good Foods were worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Quarry LP purchased a new position in shares of Simply Good Foods in the 2nd quarter worth about $30,000. GAMMA Investing LLC boosted its stake in Simply Good Foods by 182.4% in the second quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 549 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Simply Good Foods by 236.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 1,241 shares during the period. Innealta Capital LLC purchased a new stake in shares of Simply Good Foods during the 2nd quarter worth approximately $71,000. Finally, KBC Group NV raised its holdings in shares of Simply Good Foods by 31.9% in the 3rd quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 746 shares during the period. 88.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stephens decreased their target price on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Citigroup lowered their price objective 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.78.

Simply Good Foods Trading Up 0.6 %

Shares of Simply Good Foods stock opened at $38.00 on Wednesday. The company’s 50-day moving average price is $34.41 and its 200-day moving average price is $34.96. The company has a current ratio of 4.05, a quick ratio of 2.75 and a debt-to-equity ratio of 0.23. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $43.00. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 3.25 and a beta of 0.64.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. The firm had revenue of $375.70 million during the quarter, compared to the consensus estimate of $373.07 million. During the same period last year, the firm earned $0.41 EPS. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, equities analysts expect that The Simply Good Foods Company will post 1.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Simply Good Foods news, insider Timothy Richard Kraft sold 21,209 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $36.50, for a total value of $774,128.50. Following the completion of the transaction, the insider now owns 40,068 shares of the company’s stock, valued at $1,462,482. The trade was a 34.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Scalzo sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $35.99, for a total transaction of $899,750.00. Following the sale, the director now owns 139,204 shares in the company, valued at approximately $5,009,951.96. This trade represents a 15.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 251,108 shares of company stock worth $9,253,356 in the last ninety days. 10.98% of the stock is currently owned by insiders.

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.