Boston Trust Walden Corp Raises Stock Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Boston Trust Walden Corp raised its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 31.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,031,574 shares of the financial services provider’s stock after buying an additional 722,963 shares during the period. Simply Good Foods comprises about 0.8% of Boston Trust Walden Corp’s investment portfolio, making the stock its 26th biggest holding. Boston Trust Walden Corp owned approximately 3.00% of Simply Good Foods worth $118,171,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Simply Good Foods in the fourth quarter valued at $26,000. Quarry LP purchased a new stake in shares of Simply Good Foods in the 2nd quarter worth about $30,000. GAMMA Investing LLC lifted its position in shares of Simply Good Foods by 215.6% in the 4th quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,201 shares during the period. KBC Group NV increased its position in shares of Simply Good Foods by 31.9% during the third quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock valued at $107,000 after buying an additional 746 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Simply Good Foods by 39.5% during the fourth quarter. Pacer Advisors Inc. now owns 3,450 shares of the financial services provider’s stock valued at $134,000 after buying an additional 976 shares during the period. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Price Performance

SMPL opened at $38.00 on Monday. The company’s 50-day simple moving average is $38.04 and its two-hundred day simple moving average is $35.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. The stock has a market capitalization of $3.84 billion, a P/E ratio of 26.95, a P/E/G ratio of 3.31 and a beta of 0.65. The Simply Good Foods Company has a 52-week low of $30.00 and a 52-week high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The company had revenue of $341.30 million for the quarter, compared to the consensus estimate of $347.32 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current year.

Insider Transactions at Simply Good Foods

In other Simply Good Foods news, insider Timothy Richard Kraft sold 76,761 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $37.60, for a total transaction of $2,886,213.60. Following the completion of the sale, the insider now directly owns 40,068 shares of the company’s stock, valued at approximately $1,506,556.80. This represents a 65.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Timothy Allen Matthews sold 5,325 shares of Simply Good Foods stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $37.31, for a total transaction of $198,675.75. Following the transaction, the chief accounting officer now owns 17,063 shares in the company, valued at $636,620.53. This represents a 23.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 327,869 shares of company stock worth $12,139,570 in the last ninety days. Insiders own 9.35% of the company’s stock.

Wall Street Analyst Weigh In

SMPL has been the topic of several research reports. Mizuho cut their price objective on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Citigroup dropped their price target on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Stephens decreased their price objective on 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 issued a buy rating to the stock. According to MarketBeat, Simply Good Foods has an average rating of “Moderate Buy” and a consensus target price of $40.22.

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.