TD Asset Management Inc Sells 12,238 Shares of The Simply Good Foods Company $SMPL

TD Asset Management Inc trimmed its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 15.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,566 shares of the financial services provider’s stock after selling 12,238 shares during the quarter. TD Asset Management Inc’s holdings in Simply Good Foods were worth $2,198,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Simply Good Foods in the first quarter valued at about $54,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Simply Good Foods in the first quarter valued at about $55,000. Quarry LP raised its holdings in shares of Simply Good Foods by 59.7% in the first quarter. Quarry LP now owns 2,009 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 751 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Simply Good Foods by 2,055.7% in the first quarter. Russell Investments Group Ltd. now owns 3,018 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 2,878 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Simply Good Foods in the first quarter valued at about $105,000. 88.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on SMPL shares. UBS Group decreased their price objective on Simply Good Foods from $36.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Mizuho decreased their price objective on Simply Good Foods from $47.00 to $43.00 and set an “outperform” rating for the company in a report on Tuesday, July 15th. Stifel Nicolaus decreased their price objective on Simply Good Foods from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, June 27th. Morgan Stanley set a $28.00 target price on Simply Good Foods in a research note on Thursday, October 16th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Simply Good Foods in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.63.

Simply Good Foods Price Performance

SMPL opened at $25.44 on Wednesday. The business’s 50-day moving average is $26.67 and its two-hundred day moving average is $31.32. The Simply Good Foods Company has a 1 year low of $23.50 and a 1 year high of $40.53. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.95 and a quick ratio of 2.46. The firm has a market capitalization of $2.56 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 2.71 and a beta of 0.53.

Simply Good Foods 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.