Diversified Trust Co Purchases 11,560 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Diversified Trust Co boosted its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 55.6% during the 1st quarter, Holdings Channel reports. The fund owned 32,353 shares of the financial services provider’s stock after buying an additional 11,560 shares during the period. Diversified Trust Co’s holdings in Simply Good Foods were worth $1,101,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Simply Good Foods by 2.4% during the third quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider’s stock valued at $379,461,000 after purchasing an additional 259,144 shares in the last quarter. Boston Partners purchased a new position in shares of Simply Good Foods in the 4th quarter valued at $20,242,000. Congress Asset Management Co. MA raised its position in shares of Simply Good Foods by 9.5% in the 4th quarter. Congress Asset Management Co. MA now owns 1,222,857 shares of the financial services provider’s stock worth $48,425,000 after acquiring an additional 105,912 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Simply Good Foods by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 852,189 shares of the financial services provider’s stock worth $33,747,000 after purchasing an additional 47,393 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Simply Good Foods by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,892,217 shares of the financial services provider’s stock valued at $114,535,000 after purchasing an additional 82,235 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Analyst Ratings Changes

SMPL has been the subject of several analyst reports. TD Cowen assumed coverage on shares of Simply Good Foods in a research report on Monday, April 22nd. They set a “hold” rating and a $34.00 price target for the company. DA Davidson raised their target price on shares of Simply Good Foods from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday. Stifel Nicolaus upped their price target on Simply Good Foods from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Mizuho reissued a “buy” rating and issued a $50.00 price objective on shares of Simply Good Foods in a research report on Friday, April 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $41.00 price target on shares of Simply Good Foods in a research note on Friday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.29.

Insider Buying and Selling at Simply Good Foods

In other news, Director James D. White sold 4,000 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $38.17, for a total value of $152,680.00. Following the sale, the director now owns 17,027 shares in the company, valued at $649,920.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 10.98% of the company’s stock.

Simply Good Foods Price Performance

Shares of SMPL opened at $35.77 on Tuesday. The firm has a market capitalization of $3.58 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.19 and a quick ratio of 4.05. The company’s fifty day moving average price is $36.77 and its 200-day moving average price is $36.58. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $43.00.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Thursday, June 27th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $334.80 million for the quarter, compared to analyst estimates of $337.66 million. Simply Good Foods had a return on equity of 10.28% and a net margin of 11.49%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 earnings per share. On average, equities research analysts predict that The Simply Good Foods Company will post 1.7 EPS for the current year.

About Simply Good Foods

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.