Cynosure Group LLC Has $371,000 Position in The Simply Good Foods Company (NASDAQ:SMPL)

Cynosure Group LLC boosted its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 4.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 10,659 shares of the financial services provider’s stock after acquiring an additional 500 shares during the period. Cynosure Group LLC’s holdings in Simply Good Foods were worth $371,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SMPL. Quarry LP acquired a new stake in shares of Simply Good Foods during the second quarter worth $30,000. GAMMA Investing LLC boosted its holdings in Simply Good Foods by 182.4% during the second quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock worth $31,000 after buying an additional 549 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Simply Good Foods by 236.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock worth $60,000 after buying an additional 1,241 shares during the period. Innealta Capital LLC bought a new stake in shares of Simply Good Foods in the 2nd quarter valued at about $71,000. Finally, KBC Group NV raised 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 valued at $107,000 after acquiring an additional 746 shares during the period. Institutional investors own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

SMPL has been the subject of a number of analyst reports. Citigroup decreased their price objective on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Stephens decreased their price target on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.78.

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, insider Timothy Richard Kraft sold 76,761 shares of Simply Good Foods 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 sale, the insider now directly owns 40,068 shares in the company, valued at approximately $1,506,556.80. The trade was a 65.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Scalzo sold 25,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $35.99, for a total transaction of $899,750.00. Following the transaction, the director now owns 139,204 shares of the company’s stock, valued at approximately $5,009,951.96. This represents a 15.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 327,869 shares of company stock worth $12,139,570. Corporate insiders own 10.98% of the company’s stock.

Simply Good Foods Stock Down 0.2 %

Shares of SMPL stock opened at $39.92 on Friday. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 3.53 and a beta of 0.64. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $43.00. The firm has a fifty day moving average of $35.11 and a 200-day moving average of $35.07. The company has a quick ratio of 2.75, a current ratio of 4.05 and a debt-to-equity ratio of 0.23.

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 (EPS) for the quarter, meeting the consensus estimate of $0.50. The firm had revenue of $375.70 million for the quarter, compared to the consensus estimate of $373.07 million. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. As a group, equities research analysts predict that The Simply Good Foods Company will post 1.76 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.