Handelsbanken Fonder AB Sells 382,300 Shares of The Simply Good Foods Company $SMPL

Handelsbanken Fonder AB decreased its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 30.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 858,200 shares of the financial services provider’s stock after selling 382,300 shares during the quarter. Handelsbanken Fonder AB owned about 0.85% of Simply Good Foods worth $27,111,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SMPL. Yousif Capital Management LLC boosted its stake in Simply Good Foods by 1.0% in the second quarter. Yousif Capital Management LLC now owns 34,173 shares of the financial services provider’s stock valued at $1,080,000 after acquiring an additional 341 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its stake in shares of Simply Good Foods by 3.1% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 16,212 shares of the financial services provider’s stock valued at $559,000 after purchasing an additional 484 shares during the period. Van Hulzen Asset Management LLC boosted its position in shares of Simply Good Foods by 1.4% in the 1st quarter. Van Hulzen Asset Management LLC now owns 36,886 shares of the financial services provider’s stock worth $1,272,000 after purchasing an additional 522 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Simply Good Foods by 9.8% in the 2nd quarter. Blue Trust Inc. now owns 6,050 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 542 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Simply Good Foods by 10.0% during the first quarter. Cetera Investment Advisers now owns 6,124 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 555 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 topic of several analyst reports. Zacks Research lowered Simply Good Foods from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. UBS Group cut their price target on shares of Simply Good Foods from $27.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $26.00 price objective on shares of Simply Good Foods and gave the stock a “hold” rating in a research note on Friday, October 24th. Mizuho lowered their target price on shares of Simply Good Foods from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Finally, Weiss Ratings lowered shares of Simply Good Foods from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Simply Good Foods currently has a consensus rating of “Hold” and an average price target of $32.22.

Simply Good Foods Price Performance

Shares of SMPL opened at $20.18 on Friday. The stock has a 50 day simple moving average of $22.74 and a 200 day simple moving average of $28.76. The Simply Good Foods Company has a 52-week low of $18.47 and a 52-week high of $40.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 3.64. The firm has a market capitalization of $2.02 billion, a PE ratio of 19.78, a P/E/G ratio of 3.48 and a beta of 0.47.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The company had revenue of $369.04 million during the quarter, compared to the consensus estimate of $369.07 million. Simply Good Foods had a net margin of 7.14% and a return on equity of 10.06%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 EPS. Simply Good Foods has set its FY 2026 guidance at EPS. Sell-side analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Insider Activity at Simply Good Foods

In related news, insider Michael L. Clawson bought 5,000 shares of Simply Good Foods stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average cost of $20.00 per share, with a total value of $100,000.00. Following the purchase, the insider owned 37,620 shares in the company, valued at approximately $752,400. This trade represents a 15.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Christopher J. Bealer purchased 9,946 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was purchased at an average cost of $20.01 per share, for a total transaction of $199,019.46. Following the purchase, the chief financial officer directly owned 32,966 shares in the company, valued at approximately $659,649.66. This trade represents a 43.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 9.35% of the stock is currently owned by insiders.

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.