Cornercap Investment Counsel Inc. Has $568,000 Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

Cornercap Investment Counsel Inc. decreased its position in The Simply Good Foods Company (NASDAQ:SMPL) by 3.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 16,326 shares of the financial services provider’s stock after selling 512 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Simply Good Foods were worth $568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UniSuper Management Pty Ltd acquired a new position in shares of Simply Good Foods in the 1st quarter valued at $615,000. Tidal Investments LLC grew its holdings in shares of Simply Good Foods by 215.8% in the 1st quarter. Tidal Investments LLC now owns 37,396 shares of the financial services provider’s stock valued at $1,273,000 after buying an additional 25,553 shares during the period. Mutual of America Capital Management LLC grew its holdings in shares of Simply Good Foods by 60.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 154,988 shares of the financial services provider’s stock valued at $5,600,000 after buying an additional 58,553 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Simply Good Foods in the 1st quarter valued at $624,000. Finally, SG Americas Securities LLC grew its holdings in shares of Simply Good Foods by 671.9% in the 2nd quarter. SG Americas Securities LLC now owns 30,697 shares of the financial services provider’s stock valued at $1,109,000 after buying an additional 26,720 shares during the period. Institutional investors and hedge funds own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

SMPL has been the subject of a number of research analyst reports. Stephens reduced their target price on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. 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 research note on Thursday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.78.

Simply Good Foods Trading Down 1.6 %

Shares of NASDAQ:SMPL opened at $36.71 on Friday. The company’s 50-day moving average price is $34.23 and its two-hundred day moving average price is $34.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.05 and a quick ratio of 2.75. The Simply Good Foods Company has a one year low of $30.00 and a one year high of $43.00. The stock has a market capitalization of $3.68 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 3.23 and a beta of 0.64.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $375.70 million for the quarter, compared to analysts’ expectations of $373.07 million. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. On average, equities analysts forecast that The Simply Good Foods Company will post 1.76 EPS for the current fiscal year.

Insider Activity

In other Simply Good Foods news, Director Joseph Scalzo sold 25,000 shares of the 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 transaction, the director now directly owns 139,204 shares of the company’s stock, valued at $5,009,951.96. This represents a 15.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy Richard Kraft sold 21,209 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.50, for a total transaction of $774,128.50. Following the completion of the transaction, the insider now directly owns 40,068 shares in the company, valued at approximately $1,462,482. This represents a 34.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 251,108 shares of company stock valued at $9,253,356. 10.98% of the stock is owned by company 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.