Everence Capital Management Inc. Reduces Stake in The Simply Good Foods Company (NASDAQ:SMPL)

Everence Capital Management Inc. lessened its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 32.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,440 shares of the financial services provider’s stock after selling 3,090 shares during the quarter. Everence Capital Management Inc.’s holdings in Simply Good Foods were worth $224,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Simply Good Foods during the 2nd quarter worth approximately $30,000. GAMMA Investing LLC grew its stake in Simply Good Foods by 182.4% during the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock worth $31,000 after buying an additional 549 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Simply Good Foods by 236.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock worth $60,000 after buying an additional 1,241 shares during the last quarter. Innealta Capital LLC purchased a new position in Simply Good Foods during the 2nd quarter worth approximately $71,000. Finally, Banque Cantonale Vaudoise purchased a new position in Simply Good Foods during the 1st quarter worth approximately $103,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Simply Good Foods Stock Down 0.3 %

Simply Good Foods stock opened at $32.51 on Wednesday. The company has a current ratio of 5.19, a quick ratio of 4.05 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average of $33.29 and a two-hundred day moving average of $34.75. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.27 and a beta of 0.63. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. DA Davidson raised their price target on Simply Good Foods from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, July 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $41.00 price objective on shares of Simply Good Foods in a research report on Friday, June 28th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.29.

Insider Activity

In other news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $34.44, for a total value of $36,437.52. Following the completion of the sale, the senior vice president now directly owns 19,319 shares of the company’s stock, valued at $665,346.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.98% of the company’s stock.

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.