The Simply Good Foods Company (NASDAQ:SMPL) Shares Bought by Cohen Capital Management Inc.

Cohen Capital Management Inc. increased its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 0.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,470 shares of the financial services provider’s stock after acquiring an additional 522 shares during the quarter. Cohen Capital Management Inc. owned approximately 0.12% of Simply Good Foods worth $3,929,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SMPL. Pacer Advisors Inc. grew its position in shares of Simply Good Foods by 121.5% in the fourth quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 457 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in Simply Good Foods by 103.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 433 shares in the last quarter. Principal Securities Inc. acquired a new stake in Simply Good Foods in the fourth quarter valued at $36,000. TFO Wealth Partners LLC raised its stake in shares of Simply Good Foods by 59,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Simply Good Foods by 18.8% during the 4th quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 292 shares during the period. 88.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director James D. White sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $38.17, for a total transaction of $152,680.00. Following the completion of the transaction, the director now directly owns 17,027 shares in the company, valued at approximately $649,920.59. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 10.98% of the company’s stock.

Simply Good Foods Stock Up 1.3 %

Shares of SMPL stock traded up $0.47 during trading on Thursday, reaching $36.66. The company’s stock had a trading volume of 847,127 shares, compared to its average volume of 865,753. The business has a fifty day moving average price of $36.91 and a 200-day moving average price of $36.44. The Simply Good Foods Company has a one year low of $30.00 and a one year high of $43.00. The company has a quick ratio of 4.05, a current ratio of 5.19 and a debt-to-equity ratio of 0.14. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 2.55 and a beta of 0.61.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. TD Cowen started coverage on shares of Simply Good Foods in a research report on Monday, April 22nd. They issued a “hold” rating and a $34.00 target price for the company. Mizuho reaffirmed a “buy” rating and set a $50.00 target price on shares of Simply Good Foods in a research note on Friday, April 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $41.00 price target on shares of Simply Good Foods in a research note on Friday, June 28th. Stifel Nicolaus lifted their target price on shares of Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Finally, Morgan Stanley reissued an “overweight” rating and set a $42.00 price objective on shares of Simply Good Foods in a report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Simply Good Foods has an average rating of “Moderate Buy” and a consensus target price of $40.29.

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.