Janney Capital Management LLC Decreases Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Janney Capital Management LLC cut its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,833 shares of the financial services provider’s stock after selling 518 shares during the quarter. Janney Capital Management LLC’s holdings in Simply Good Foods were worth $446,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Diversify Wealth Management LLC increased its position in shares of Simply Good Foods by 15.8% during the 3rd quarter. Diversify Wealth Management LLC now owns 8,745 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 1,196 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of Simply Good Foods by 7.4% during the 3rd quarter. New York State Teachers Retirement System now owns 112,055 shares of the financial services provider’s stock worth $3,896,000 after acquiring an additional 7,736 shares during the period. Boston Trust Walden Corp bought a new position in shares of Simply Good Foods during the 3rd quarter worth $80,270,000. Schwartz Investment Counsel Inc. bought a new position in shares of Simply Good Foods during the 3rd quarter worth $7,562,000. Finally, AlphaMark Advisors LLC bought a new position in shares of Simply Good Foods during the 3rd quarter worth $344,000. 88.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Stephens cut their price target on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Simply Good Foods has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

Simply Good Foods Stock Up 1.3 %

Shares of NASDAQ SMPL opened at $34.10 on Monday. The Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $43.00. The business has a 50-day simple moving average of $33.44 and a two-hundred day simple moving average of $34.81. The company has a quick ratio of 2.75, a current ratio of 4.05 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.42 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.93 and a beta of 0.64.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The firm had revenue of $375.70 million for the quarter, compared to analysts’ expectations of $373.07 million. During the same quarter last year, the firm posted $0.41 EPS. The company’s revenue was up 17.3% compared to the same quarter last year. Research analysts anticipate that The Simply Good Foods Company will post 1.79 earnings per share for the current fiscal year.

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.