Alliance Wealth Advisors LLC UT Increases Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Alliance Wealth Advisors LLC UT raised its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,728 shares of the financial services provider’s stock after purchasing an additional 999 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Simply Good Foods were worth $613,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SMPL. AQR Capital Management LLC raised its holdings in shares of Simply Good Foods by 65.3% during the 2nd quarter. AQR Capital Management LLC now owns 17,897 shares of the financial services provider’s stock valued at $647,000 after buying an additional 7,071 shares during the period. The Manufacturers Life Insurance Company grew its position in Simply Good Foods by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 54,214 shares of the financial services provider’s stock valued at $1,959,000 after acquiring an additional 1,859 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Simply Good Foods during the second quarter valued at approximately $201,000. Creative Planning boosted its stake in shares of Simply Good Foods by 81.6% in the second quarter. Creative Planning now owns 21,536 shares of the financial services provider’s stock valued at $778,000 after purchasing an additional 9,676 shares during the period. Finally, Diversified Trust Co grew its holdings in Simply Good Foods by 12.9% during the 3rd quarter. Diversified Trust Co now owns 39,693 shares of the financial services provider’s stock valued at $1,380,000 after purchasing an additional 4,550 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Simply Good Foods Stock Performance

SMPL stock opened at $37.00 on Wednesday. The stock’s 50 day simple moving average is $37.93 and its 200 day simple moving average is $35.42. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $40.53. The firm has a market cap of $3.74 billion, a P/E ratio of 26.24, a P/E/G ratio of 3.31 and a beta of 0.65. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, topping 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 analysts’ expectations of $347.32 million. During the same period in the prior year, the company earned $0.43 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. As a group, equities research analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Mizuho cut their price objective on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Citigroup cut their price target on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Finally, Stephens dropped their price objective on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Simply Good Foods currently has an average rating of “Moderate Buy” and an average target price of $40.22.

Insiders Place Their Bets

In related news, insider Timothy Richard Kraft sold 76,761 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $37.60, for a total value of $2,886,213.60. Following the sale, the insider now owns 40,068 shares of the company’s stock, valued at $1,506,556.80. This trade represents a 65.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Scalzo sold 2,374 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $36.23, for a total transaction of $86,010.02. Following the transaction, the director now directly owns 136,830 shares of the company’s stock, valued at $4,957,350.90. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 302,869 shares of company stock valued at $11,239,820 over the last quarter. 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.