The Simply Good Foods Company (NASDAQ:SMPL) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. reduced its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 35.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 267,297 shares of the financial services provider’s stock after selling 145,038 shares during the period. Congress Asset Management Co.’s holdings in Simply Good Foods were worth $9,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in SMPL. Boston Trust Walden Corp acquired a new stake in shares of Simply Good Foods in the 3rd quarter worth about $80,270,000. Armistice Capital LLC bought a new position in Simply Good Foods in the 2nd quarter worth about $34,582,000. Champlain Investment Partners LLC increased its stake in shares of Simply Good Foods by 27.7% in the first quarter. Champlain Investment Partners LLC now owns 3,939,494 shares of the financial services provider’s stock valued at $134,061,000 after purchasing an additional 854,550 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Simply Good Foods by 107.0% during the second quarter. Victory Capital Management Inc. now owns 920,802 shares of the financial services provider’s stock valued at $33,269,000 after buying an additional 475,928 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Simply Good Foods by 276.4% during the second quarter. Marshall Wace LLP now owns 536,174 shares of the financial services provider’s stock worth $19,372,000 after buying an additional 393,720 shares during the period. 88.45% of the stock is owned by institutional investors and hedge funds.

Simply Good Foods Price Performance

NASDAQ SMPL opened at $33.66 on Friday. The firm has a market capitalization of $3.37 billion, a PE ratio of 24.39, a P/E/G ratio of 2.95 and a beta of 0.63. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.05 and a quick ratio of 2.75. The Simply Good Foods Company has a 12 month low of $30.00 and a 12 month high of $43.00. The company’s 50 day simple moving average is $33.36 and its 200 day simple moving average is $34.78.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The company had revenue of $375.70 million for the quarter, compared to the consensus estimate of $373.07 million. During the same quarter in the previous year, the business earned $0.41 EPS. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, equities research analysts forecast that The Simply Good Foods Company will post 1.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Stephens lowered their target price on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.50.

Simply Good Foods Company 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.