The Simply Good Foods Company (NASDAQ:SMPL) Position Lessened by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. reduced its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,326 shares of the financial services provider’s stock after selling 512 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Simply Good Foods were worth $568,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. KBC Group NV grew its position in shares of Simply Good Foods by 31.9% in the third quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 746 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Simply Good Foods by 13.5% in the third quarter. Victory Capital Management Inc. now owns 1,045,457 shares of the financial services provider’s stock valued at $36,351,000 after purchasing an additional 124,655 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Simply Good Foods in the third quarter valued at about $241,000. State of New Jersey Common Pension Fund D grew its position in shares of Simply Good Foods by 23.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 62,573 shares of the financial services provider’s stock valued at $2,176,000 after purchasing an additional 11,951 shares during the last quarter. Finally, Diversify Wealth Management LLC grew its position in shares of Simply Good Foods by 15.8% in the third quarter. Diversify Wealth Management LLC now owns 8,745 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 1,196 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Stock Performance

NASDAQ:SMPL opened at $36.71 on Friday. The Simply Good Foods Company has a 1 year low of $30.00 and a 1 year high of $43.00. The firm has a 50 day moving average of $34.23 and a 200-day moving average of $34.97. The company has a current ratio of 4.05, a quick ratio of 2.75 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $3.68 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 3.23 and a beta of 0.64.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. The firm had revenue of $375.70 million during the quarter, compared to analysts’ expectations of $373.07 million. During the same quarter in the previous year, the company posted $0.41 EPS. Simply Good Foods’s revenue was up 17.3% on a year-over-year basis. As a group, sell-side analysts anticipate that The Simply Good Foods Company will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling

In other Simply Good Foods news, insider Timothy Richard Kraft sold 21,209 shares of Simply Good Foods stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.50, for a total transaction of $774,128.50. Following the completion of the sale, the insider now owns 40,068 shares of the company’s stock, valued at approximately $1,462,482. The trade was a 34.61 % 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, CAO Timothy Allen Matthews sold 5,325 shares of Simply Good Foods stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $37.31, for a total transaction of $198,675.75. Following the sale, the chief accounting officer now directly owns 17,063 shares of the company’s stock, valued at $636,620.53. This represents a 23.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 251,108 shares of company stock worth $9,253,356 in the last quarter. Insiders own 10.98% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on SMPL. Stephens decreased 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. Citigroup decreased their price objective on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Simply Good Foods currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.78.

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.