Janus Henderson Group PLC Trims Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Janus Henderson Group PLC trimmed its position in The Simply Good Foods Company (NASDAQ:SMPL) by 35.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 772,742 shares of the financial services provider’s stock after selling 415,659 shares during the quarter. Janus Henderson Group PLC owned about 0.77% of Simply Good Foods worth $26,294,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. 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. Parkside Financial Bank & Trust grew its holdings 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 period. Principal Securities Inc. acquired a new stake in Simply Good Foods during the fourth quarter worth about $36,000. TFO Wealth Partners LLC grew its holdings in Simply Good Foods by 59,100.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 1,182 shares during the period. Finally, Blue Trust Inc. grew its holdings in Simply Good Foods by 18.8% during the fourth 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. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director James D. White sold 4,000 shares of Simply Good Foods stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $38.17, for a total transaction of $152,680.00. Following the transaction, 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 SEC, which is accessible through this link. 10.98% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SMPL has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $41.00 target price on shares of Simply Good Foods in a report on Friday, June 28th. Stifel Nicolaus raised their price objective on Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a report on Friday, June 14th. TD Cowen assumed coverage on Simply Good Foods in a report on Monday, April 22nd. They issued a “hold” rating and a $34.00 price objective on the stock. Mizuho reissued a “buy” rating and issued a $50.00 price objective on shares of Simply Good Foods in a report on Friday, April 5th. Finally, DA Davidson raised their price objective on Simply Good Foods from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, July 1st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.29.

Simply Good Foods Stock Performance

Shares of NASDAQ:SMPL remained flat at $34.08 during trading on Wednesday. The stock had a trading volume of 165,347 shares, compared to its average volume of 882,628. The company has a current ratio of 5.19, a quick ratio of 4.05 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average of $36.31 and a two-hundred day moving average of $35.90. The company has a market cap of $3.41 billion, a PE ratio of 23.50, a PEG ratio of 2.45 and a beta of 0.61. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $43.00.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, June 27th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $334.80 million for the quarter, compared to analyst estimates of $337.66 million. Simply Good Foods had a return on equity of 10.28% and a net margin of 11.49%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. Sell-side analysts expect that The Simply Good Foods Company will post 1.69 earnings per share for the current year.

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.