PharVision Advisers LLC Takes Position in The Simply Good Foods Company (NASDAQ:SMPL)

PharVision Advisers LLC purchased a new stake in The Simply Good Foods Company (NASDAQ:SMPL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,327 shares of the financial services provider’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wells Fargo & Company MN increased its stake in Simply Good Foods by 50.2% during the 4th quarter. Wells Fargo & Company MN now owns 45,685 shares of the financial services provider’s stock worth $1,781,000 after purchasing an additional 15,275 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Simply Good Foods by 255.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 1,229 shares in the last quarter. Moody Aldrich Partners LLC increased its stake in Simply Good Foods by 47.8% during the 4th quarter. Moody Aldrich Partners LLC now owns 141,410 shares of the financial services provider’s stock worth $5,512,000 after purchasing an additional 45,738 shares in the last quarter. Barclays PLC increased its stake in Simply Good Foods by 396.7% during the 3rd quarter. Barclays PLC now owns 165,201 shares of the financial services provider’s stock worth $5,744,000 after purchasing an additional 131,939 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Simply Good Foods by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,033,884 shares of the financial services provider’s stock worth $40,301,000 after purchasing an additional 43,874 shares in the last quarter. 88.45% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $37.25, for a total value of $186,250.00. Following the completion of the sale, the senior vice president now owns 12,839 shares of the company’s stock, valued at approximately $478,252.75. This represents a 28.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Mizuho increased their target price on Simply Good Foods from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, April 11th. DA Davidson increased their target price on Simply Good Foods from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, April 11th. Morgan Stanley increased their target price on Simply Good Foods from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 10th. Finally, UBS Group began coverage on Simply Good Foods in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $41.00 target price for the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Simply Good Foods currently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Simply Good Foods Price Performance

Shares of SMPL opened at $34.35 on Friday. The stock has a market capitalization of $3.47 billion, a P/E ratio of 24.36, a P/E/G ratio of 3.23 and a beta of 0.72. The Simply Good Foods Company has a twelve month low of $31.25 and a twelve month high of $40.53. The company has a 50 day moving average of $35.36 and a 200-day moving average of $36.76. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The company had revenue of $359.70 million during the quarter, compared to the consensus estimate of $354.50 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 EPS. As a group, equities research analysts forecast that The Simply Good Foods Company will post 1.78 EPS 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.