Cynosure Group LLC Has $371,000 Stock Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Cynosure Group LLC increased its position in The Simply Good Foods Company (NASDAQ:SMPL) by 4.9% during the third quarter, Holdings Channel reports. The firm owned 10,659 shares of the financial services provider’s stock after buying an additional 500 shares during the quarter. Cynosure Group LLC’s holdings in Simply Good Foods were worth $371,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Tidal Investments LLC boosted its stake in shares of Simply Good Foods by 215.8% during the 1st quarter. Tidal Investments LLC now owns 37,396 shares of the financial services provider’s stock worth $1,273,000 after acquiring an additional 25,553 shares during the period. Mutual of America Capital Management LLC lifted its holdings in Simply Good Foods by 21.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 187,549 shares of the financial services provider’s stock valued at $6,521,000 after purchasing an additional 32,561 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Simply Good Foods during the third quarter worth $27,391,000. SG Americas Securities LLC increased its holdings in shares of Simply Good Foods by 671.9% in the second quarter. SG Americas Securities LLC now owns 30,697 shares of the financial services provider’s stock valued at $1,109,000 after purchasing an additional 26,720 shares during the last quarter. Finally, Quest Partners LLC raised its position in shares of Simply Good Foods by 65.0% in the third quarter. Quest Partners LLC now owns 41,277 shares of the financial services provider’s stock valued at $1,435,000 after purchasing an additional 16,268 shares during the period. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SMPL has been the subject of several research analyst reports. Citigroup reduced their target price on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Stephens reduced their price objective on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.78.

Simply Good Foods Stock Down 0.2 %

Shares of SMPL opened at $39.92 on Friday. 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 Simply Good Foods Company has a 12 month low of $30.00 and a 12 month high of $43.00. The firm’s 50 day moving average is $35.11 and its 200-day moving average is $35.07. The stock has a market capitalization of $4.00 billion, a PE ratio of 28.93, a P/E/G ratio of 3.53 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 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The firm had revenue of $375.70 million for the quarter, compared to analyst estimates of $373.07 million. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The company’s revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS. Equities research analysts forecast that The Simply Good Foods Company will post 1.76 EPS for the current year.

Insider Buying and Selling

In other news, insider Timothy Richard Kraft sold 76,761 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $37.60, for a total transaction of $2,886,213.60. Following the completion of the transaction, the insider now owns 40,068 shares of the company’s stock, valued at approximately $1,506,556.80. The trade was a 65.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Scalzo sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $35.99, for a total value of $899,750.00. Following the completion of the sale, the director now directly owns 139,204 shares in the company, valued at $5,009,951.96. This trade represents a 15.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 327,869 shares of company stock worth $12,139,570. Company insiders own 10.98% of the company’s stock.

Simply Good Foods Company 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.