Congress Wealth Management LLC DE Boosts Position in The Simply Good Foods Company (NASDAQ:SMPL)

Congress Wealth Management LLC DE boosted its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 5.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,478 shares of the financial services provider’s stock after purchasing an additional 10,174 shares during the quarter. Congress Wealth Management LLC DE owned about 0.19% of Simply Good Foods worth $7,464,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SMPL. Pacer Advisors Inc. increased its position 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 purchasing an additional 457 shares in the last quarter. Parkside Financial Bank & Trust increased 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 buying an additional 433 shares during the period. Principal Securities Inc. purchased a new stake in Simply Good Foods in the fourth quarter valued at approximately $36,000. Blue Trust Inc. boosted its holdings in shares of Simply Good Foods by 18.8% in the fourth quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 292 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of Simply Good Foods during the fourth quarter worth approximately $106,000. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Simply Good Foods

In related news, Director James D. White sold 4,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $38.17, for a total value of $152,680.00. Following the completion of the sale, the director now owns 17,027 shares in the company, valued at $649,920.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.98% of the company’s stock.

Simply Good Foods Stock Performance

NASDAQ SMPL traded up $0.09 on Friday, hitting $37.21. 436,440 shares of the company’s stock were exchanged, compared to its average volume of 778,501. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 2.29 and a beta of 0.65. The firm’s 50-day moving average price is $34.85 and its two-hundred day moving average price is $37.04. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $43.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.20 and a quick ratio of 3.09.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Thursday, April 4th. The financial services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Simply Good Foods had a return on equity of 10.12% and a net margin of 11.12%. On average, research analysts expect that The Simply Good Foods Company will post 1.7 EPS for the current year.

Analyst Upgrades and Downgrades

SMPL has been the subject of several research reports. Morgan Stanley reiterated an “overweight” rating and issued a $42.00 price target on shares of Simply Good Foods in a research report on Thursday, April 11th. Mizuho reaffirmed a “buy” rating and issued a $50.00 target price on shares of Simply Good Foods in a report on Friday, April 5th. DA Davidson increased their price objective on Simply Good Foods from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Needham & Company LLC reiterated a “buy” rating and issued a $41.00 target price on shares of Simply Good Foods in a research note on Tuesday, April 30th. Finally, Stifel Nicolaus cut their price target on Simply Good Foods from $48.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Three investment 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 has a consensus rating of “Moderate Buy” and a consensus target price of $40.29.

Simply Good Foods 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.