Boston Trust Walden Corp Makes New Investment in The Simply Good Foods Company (NASDAQ:SMPL)

Boston Trust Walden Corp bought a new stake in The Simply Good Foods Company (NASDAQ:SMPL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,308,611 shares of the financial services provider’s stock, valued at approximately $80,270,000. Boston Trust Walden Corp owned about 2.31% of Simply Good Foods at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Quarry LP bought a new position in Simply Good Foods during the 2nd quarter worth $30,000. GAMMA Investing LLC raised its stake in Simply Good Foods by 182.4% in the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 549 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Simply Good Foods by 236.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 1,241 shares during the period. Innealta Capital LLC acquired a new position in shares of Simply Good Foods during the 2nd quarter worth approximately $71,000. Finally, Headlands Technologies LLC bought a new position in shares of Simply Good Foods during the first quarter worth approximately $131,000. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Price Performance

Simply Good Foods stock traded up $0.13 during midday trading on Friday, reaching $33.46. The company’s stock had a trading volume of 933,706 shares, compared to its average volume of 884,830. The stock has a market cap of $3.35 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 2.22 and a beta of 0.63. 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 Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $43.00. The business has a 50-day moving average price of $33.29 and a 200-day moving average price of $34.74.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. Simply Good Foods had a net margin of 11.49% and a return on equity of 10.28%. The company had revenue of $375.70 million for the quarter, compared to analyst estimates of $373.07 million. During the same period in the previous year, the firm posted $0.41 EPS. The firm’s revenue was up 17.3% on a year-over-year basis. On average, sell-side analysts predict that The Simply Good Foods Company will post 1.69 EPS for the current year.

Insider Activity

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 19,319 shares of the company’s stock, valued at $665,346.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.98% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Needham & Company LLC restated a “buy” rating and set a $41.00 price objective on shares of Simply Good Foods in a research note on Friday, June 28th. DA Davidson boosted their price target on Simply Good Foods from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, July 1st. Finally, Stephens cut their price objective on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Simply Good Foods has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

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.