Champlain Investment Partners LLC Sells 39,417 Shares of The Simply Good Foods Company $SMPL

Champlain Investment Partners LLC trimmed its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 1.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,496,072 shares of the financial services provider’s stock after selling 39,417 shares during the period. Champlain Investment Partners LLC’s holdings in Simply Good Foods were worth $61,953,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in Simply Good Foods by 125.4% in the second quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 538 shares in the last quarter. CWM LLC boosted its holdings in Simply Good Foods by 343.0% during the third quarter. CWM LLC now owns 2,605 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 2,017 shares in the last quarter. State of Wyoming bought a new stake in shares of Simply Good Foods in the 2nd quarter valued at approximately $87,000. Strs Ohio acquired a new position in shares of Simply Good Foods in the 1st quarter worth approximately $114,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Simply Good Foods in the 2nd quarter worth approximately $109,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group reaffirmed a “neutral” rating on shares of Simply Good Foods in a research note on Friday, January 9th. Zacks Research upgraded shares of Simply Good Foods from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Simply Good Foods in a report on Friday, January 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Simply Good Foods in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $22.00 price target on shares of Simply Good Foods in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $29.67.

Simply Good Foods Stock Down 4.7%

Shares of NASDAQ:SMPL opened at $16.26 on Tuesday. The company has a quick ratio of 3.24, a current ratio of 5.01 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.51 billion, a P/E ratio of 18.07, a P/E/G ratio of 2.22 and a beta of 0.27. The Simply Good Foods Company has a 12 month low of $15.30 and a 12 month high of $38.16. The company’s 50-day moving average price is $18.71 and its two-hundred day moving average price is $21.66.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Thursday, January 8th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $340.20 million for the quarter, compared to analyst estimates of $337.64 million. Simply Good Foods had a net margin of 6.26% and a return on equity of 9.56%. Simply Good Foods’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 earnings per share. As a group, research analysts forecast that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Simply Good Foods Profile

Simply Good Foods Co (NASDAQ: SMPL) is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.

Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.