Diversified Trust Co decreased its position in The Simply Good Foods Company (NASDAQ:SMPL – Get Rating) by 30.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,513 shares of the financial services provider's stock after selling 7,932 shares during the period. Diversified Trust Co's holdings in Simply Good Foods were worth $699,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. State of Alaska Department of Revenue lifted its stake in Simply Good Foods by 13.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 66,815 shares of the financial services provider's stock valued at $2,523,000 after acquiring an additional 7,800 shares during the period. Nkcfo LLC lifted its stake in Simply Good Foods by 87.7% during the 2nd quarter. Nkcfo LLC now owns 10,700 shares of the financial services provider's stock valued at $404,000 after acquiring an additional 5,000 shares during the period. Capital World Investors lifted its stake in Simply Good Foods by 8.4% during the 1st quarter. Capital World Investors now owns 5,770,500 shares of the financial services provider's stock valued at $218,990,000 after acquiring an additional 446,000 shares during the period. Weiss Multi Strategy Advisers LLC increased its position in shares of Simply Good Foods by 2.6% during the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 354,372 shares of the financial services provider's stock valued at $13,448,000 after purchasing an additional 8,937 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Simply Good Foods by 164.7% during the 1st quarter. Jane Street Group LLC now owns 30,585 shares of the financial services provider's stock valued at $1,161,000 after purchasing an additional 19,030 shares during the last quarter. Institutional investors own 87.05% of the company's stock.

Simply Good Foods Trading Up 1.4 %

Simply Good Foods stock opened at $31.02 on Thursday. The firm has a 50 day moving average of $32.29 and a 200 day moving average of $36.58. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 31.98 and a beta of 0.81. The Simply Good Foods Company has a 12-month low of $29.21 and a 12-month high of $45.77. The company has a current ratio of 3.05, a quick ratio of 2.12 and a debt-to-equity ratio of 0.28.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Simply Good Foods from $41.00 to $39.00 and set an "equal weight" rating for the company in a research report on Friday, July 1st. Stephens raised shares of Simply Good Foods from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $44.00 to $45.00 in a research report on Monday, June 27th. Seaport Res Ptn reaffirmed a "buy" rating on shares of Simply Good Foods in a research report on Friday, July 8th. Finally, The Goldman Sachs Group reduced their price target on shares of Simply Good Foods from $49.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, August 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $44.78.

Simply Good Foods Profile

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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, pizza, protein chips, recipes, and confectionery products, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names.

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