Dimensional Fund Advisors LP Sells 966,917 Shares of The Simply Good Foods Company $SMPL

Dimensional Fund Advisors LP trimmed its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 24.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,006,266 shares of the financial services provider’s stock after selling 966,917 shares during the period. Dimensional Fund Advisors LP’s holdings in Simply Good Foods were worth $43,142,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestrel Investment Management Corp grew its position in Simply Good Foods by 90.3% during the first quarter. Kestrel Investment Management Corp now owns 258,050 shares of the financial services provider’s stock valued at $3,703,000 after buying an additional 122,475 shares during the period. Illinois Municipal Retirement Fund raised its position in Simply Good Foods by 2.0% in the first quarter. Illinois Municipal Retirement Fund now owns 53,688 shares of the financial services provider’s stock worth $770,000 after acquiring an additional 1,047 shares during the period. Fifth Third Bancorp boosted its stake in Simply Good Foods by 9,700.3% in the first quarter. Fifth Third Bancorp now owns 114,859 shares of the financial services provider’s stock valued at $1,648,000 after acquiring an additional 113,687 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Simply Good Foods by 4.1% in the first quarter. Hsbc Holdings PLC now owns 30,788 shares of the financial services provider’s stock valued at $443,000 after acquiring an additional 1,221 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in shares of Simply Good Foods by 4.7% during the 1st quarter. New York State Teachers Retirement System now owns 115,851 shares of the financial services provider’s stock worth $1,662,000 after purchasing an additional 5,215 shares during the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Clayton C. Daley, Jr. purchased 10,000 shares of Simply Good Foods stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $11.78 per share, for a total transaction of $117,800.00. Following the completion of the transaction, the director owned 111,743 shares in the company, valued at $1,316,332.54. This trade represents a 9.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 8.76% of the stock is currently owned by corporate insiders.

Simply Good Foods Stock Performance

Shares of SMPL stock opened at $11.32 on Tuesday. The firm’s 50 day moving average is $12.02 and its 200 day moving average is $14.01. The stock has a market capitalization of $1.00 billion, a P/E ratio of -5.22 and a beta of 0.15. The Simply Good Foods Company has a 12 month low of $9.88 and a 12 month high of $30.91. The company has a current ratio of 4.80, a quick ratio of 3.10 and a debt-to-equity ratio of 0.28.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Thursday, July 9th. The financial services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. Simply Good Foods had a negative net margin of 14.28% and a positive return on equity of 9.34%. The business had revenue of $356.98 million during the quarter, compared to analyst estimates of $332.99 million. During the same period in the previous year, the business earned $0.51 EPS. Simply Good Foods’s revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts anticipate that The Simply Good Foods Company will post 1.54 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Sanford C. Bernstein cut shares of Simply Good Foods from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $17.00 to $12.00 in a report on Wednesday, June 3rd. TD Cowen reissued a “hold” rating on shares of Simply Good Foods in a report on Friday, July 10th. UBS Group set a $15.00 target price on Simply Good Foods in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $14.00 target price on shares of Simply Good Foods in a research note on Friday, July 10th. Finally, Morgan Stanley dropped their price target on Simply Good Foods from $24.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.20.

Simply Good Foods Company Profile

Simply Good Foods Co (NASDAQ: SMPL) is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.

Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.