Van Hulzen Asset Management LLC Has $466,000 Stock Position in The Simply Good Foods Company $SMPL

Van Hulzen Asset Management LLC trimmed its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 68.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 23,226 shares of the financial services provider’s stock after selling 49,736 shares during the period. Van Hulzen Asset Management LLC’s holdings in Simply Good Foods were worth $466,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Simply Good Foods by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 10,631,429 shares of the financial services provider’s stock valued at $213,479,000 after buying an additional 249,405 shares during the period. Dimensional Fund Advisors LP raised its position in Simply Good Foods by 8.8% during the third quarter. Dimensional Fund Advisors LP now owns 4,288,680 shares of the financial services provider’s stock valued at $106,443,000 after buying an additional 346,395 shares during the period. State Street Corp raised its position in Simply Good Foods by 0.4% during the second quarter. State Street Corp now owns 3,645,749 shares of the financial services provider’s stock valued at $115,169,000 after buying an additional 14,089 shares during the period. William Blair Investment Management LLC raised its position in Simply Good Foods by 7.0% during the third quarter. William Blair Investment Management LLC now owns 1,654,737 shares of the financial services provider’s stock valued at $41,071,000 after buying an additional 108,638 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in Simply Good Foods by 119.5% during the third quarter. Qube Research & Technologies Ltd now owns 1,313,726 shares of the financial services provider’s stock valued at $32,607,000 after buying an additional 715,110 shares during the period. 88.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SMPL. UBS Group dropped their target price on Simply Good Foods from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft dropped their target price on Simply Good Foods from $16.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, April 10th. Morgan Stanley dropped their target price 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. Stifel Nicolaus dropped their target price on Simply Good Foods from $32.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $14.00 target price (down from $24.00) on shares of Simply Good Foods in a research report on Friday, April 10th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $21.64.

Insider Activity

In related news, Director Clayton C. Daley, Jr. purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $11.78 per share, for a total transaction of $117,800.00. Following the purchase, the director owned 111,743 shares in the company, valued at $1,316,332.54. The trade was a 9.83% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James M. Kilts purchased 80,000 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were bought at an average price of $12.39 per share, with a total value of $991,200.00. Following the purchase, the director owned 172,854 shares in the company, valued at $2,141,661.06. This represents a 86.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 8.76% of the company’s stock.

Simply Good Foods Stock Performance

Shares of SMPL stock opened at $11.86 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.06 and a quick ratio of 2.87. The Simply Good Foods Company has a fifty-two week low of $10.21 and a fifty-two week high of $35.15. The stock’s 50-day moving average is $13.00 and its two-hundred day moving average is $16.77. The firm has a market cap of $1.07 billion, a P/E ratio of -9.97 and a beta of 0.21.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, April 9th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. The company had revenue of $326.01 million during the quarter, compared to the consensus estimate of $345.08 million. Simply Good Foods had a positive return on equity of 9.72% and a negative net margin of 7.46%.The firm’s revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 EPS. Analysts predict that The Simply Good Foods Company will post 1.54 earnings per share for the current fiscal year.

About Simply Good Foods

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.