The Simply Good Foods Company $SMPL Position Reduced by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. cut its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 23.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,900,807 shares of the financial services provider’s stock after selling 910,321 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 2.87% of Simply Good Foods worth $100,049,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its position in shares of Simply Good Foods by 50.2% in the fourth 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. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Simply Good Foods in the fourth quarter worth approximately $206,000. Assenagon Asset Management S.A. purchased a new stake in shares of Simply Good Foods in the first quarter worth approximately $1,437,000. SG Americas Securities LLC purchased a new stake in shares of Simply Good Foods in the first quarter worth approximately $712,000. Finally, Nisa Investment Advisors LLC increased its holdings in Simply Good Foods by 24.7% in the first quarter. Nisa Investment Advisors LLC now owns 3,808 shares of the financial services provider’s stock worth $131,000 after buying an additional 754 shares during the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SMPL has been the topic of several recent research reports. Mizuho cut their price objective on shares of Simply Good Foods from $47.00 to $43.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 15th. DA Davidson cut their price objective on shares of Simply Good Foods from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, June 9th. Sanford C. Bernstein set a $45.00 price objective on shares of Simply Good Foods and gave the company an “outperform” rating in a research report on Friday, July 11th. Stifel Nicolaus cut their price objective on shares of Simply Good Foods from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, June 27th. Finally, Citigroup cut their price objective on shares of Simply Good Foods from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, June 18th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Simply Good Foods has an average rating of “Moderate Buy” and a consensus target price of $39.88.

Simply Good Foods Trading Down 2.2%

NASDAQ:SMPL opened at $28.41 on Monday. The Simply Good Foods Company has a 12 month low of $28.28 and a 12 month high of $40.53. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 2.79 and a beta of 0.59. The company has a quick ratio of 2.46, a current ratio of 3.95 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $31.86 and its 200-day moving average is $34.38.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Thursday, July 10th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $380,956 billion for the quarter, compared to the consensus estimate of $381.68 million. Simply Good Foods had a net margin of 9.97% and a return on equity of 10.29%. Simply Good Foods’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted $0.50 earnings per share. Equities analysts anticipate that The Simply Good Foods Company will post 1.78 EPS for the current year.

Insider Activity

In related news, CEO Geoff E. Tanner acquired 6,050 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were acquired at an average price of $33.11 per share, for a total transaction of $200,315.50. Following the completion of the purchase, the chief executive officer owned 98,190 shares in the company, valued at approximately $3,251,070.90. The trade was a 6.57% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.35% of the company’s stock.

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.