Citadel Advisors LLC increased its holdings in Simply Good Foods Co (NASDAQ:SMPL) by 19.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 330,092 shares of the financial services provider’s stock after buying an additional 54,180 shares during the period. Citadel Advisors LLC owned 0.40% of Simply Good Foods worth $7,949,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NumerixS Investment Technologies Inc bought a new position in Simply Good Foods in the 1st quarter worth approximately $92,000. Aperio Group LLC bought a new position in Simply Good Foods in the 2nd quarter worth approximately $102,000. C M Bidwell & Associates Ltd. boosted its holdings in Simply Good Foods by 42.1% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 5,675 shares of the financial services provider’s stock worth $137,000 after buying an additional 1,680 shares during the period. Tower Research Capital LLC TRC bought a new position in Simply Good Foods in the 2nd quarter worth approximately $152,000. Finally, Diversified Trust Co bought a new position in Simply Good Foods in the 1st quarter worth approximately $203,000. 85.86% of the stock is owned by institutional investors.
NASDAQ:SMPL traded down $0.24 during trading hours on Friday, hitting $29.23. The stock had a trading volume of 988,946 shares, compared to its average volume of 585,220. The company has a 50 day simple moving average of $28.30 and a two-hundred day simple moving average of $24.40. The company has a debt-to-equity ratio of 0.23, a current ratio of 8.63 and a quick ratio of 7.57. Simply Good Foods Co has a one year low of $16.55 and a one year high of $31.34. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 50.40 and a beta of 0.80.
Several research analysts recently commented on SMPL shares. SunTrust Banks reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Simply Good Foods in a report on Wednesday, July 3rd. DA Davidson raised their price target on shares of Simply Good Foods to $33.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Co started coverage on shares of Simply Good Foods in a report on Monday, September 9th. They issued an “outperform” rating and a $35.00 price target for the company. Sanford C. Bernstein started coverage on shares of Simply Good Foods in a report on Monday, August 12th. They issued an “outperform” rating for the company. Finally, Zacks Investment Research downgraded shares of Simply Good Foods from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $29.00.
In other news, COO Hanno E. Holm sold 1,750 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $27.87, for a total transaction of $48,772.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Hanno E. Holm sold 15,983 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $26.88, for a total transaction of $429,623.04. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.
Simply Good Foods Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
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