Moody Aldrich Partners LLC Acquires 45,738 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Moody Aldrich Partners LLC raised its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 47.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 141,410 shares of the financial services provider’s stock after buying an additional 45,738 shares during the period. Simply Good Foods comprises about 1.0% of Moody Aldrich Partners LLC’s portfolio, making the stock its 27th biggest position. Moody Aldrich Partners LLC owned 0.14% of Simply Good Foods worth $5,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SMPL. Quarry LP purchased a new stake in shares of Simply Good Foods during the 2nd quarter worth approximately $30,000. GAMMA Investing LLC lifted its stake in Simply Good Foods by 215.6% in the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,201 shares during the last quarter. KBC Group NV boosted its position 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 in the last quarter. Pacer Advisors Inc. raised its position in shares of Simply Good Foods by 39.5% in the 4th quarter. Pacer Advisors Inc. now owns 3,450 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 976 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its position in Simply Good Foods by 70.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,575 shares of the financial services provider’s stock worth $159,000 after buying an additional 1,887 shares during the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Insider Buying and Selling at Simply Good Foods

In other news, insider Timothy Richard Kraft sold 76,761 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $37.60, for a total value of $2,886,213.60. Following the completion of the transaction, the insider now owns 40,068 shares in the company, valued at approximately $1,506,556.80. This represents a 65.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Timothy Allen Matthews sold 5,325 shares of Simply Good Foods stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $37.31, for a total value of $198,675.75. Following the completion of the transaction, the chief accounting officer now owns 17,063 shares of the company’s stock, valued at approximately $636,620.53. The trade was a 23.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 327,869 shares of company stock valued at $12,139,570 in the last 90 days. 9.35% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SMPL shares. Citigroup lowered their price target on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Stephens decreased their price target on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, Mizuho decreased their price objective on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.22.

Simply Good Foods Stock Performance

NASDAQ:SMPL opened at $38.14 on Wednesday. The company has a 50-day moving average of $38.09 and a 200-day moving average of $35.38. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 3.24 and a beta of 0.67. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The business had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $347.32 million. During the same period in the previous year, the firm posted $0.43 EPS. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal 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.