BlackRock Amends Simply Good Foods Stake, Filing SC 13G/A
Ticker: SMPL · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1702744
| Field | Detail |
|---|---|
| Company | Simply Good Foods Co (SMPL) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its stake in Simply Good Foods, watch for potential market reaction.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 23, 2024, indicating its ownership of The Simply Good Foods Company's common stock as of December 31, 2023. This filing, an amendment number 2, updates their previous disclosures under Rule 13d-1(b). This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated position in Simply Good Foods, which can be a signal to other investors about institutional sentiment towards the stock.
Risk Assessment
Risk Level: low — This is a routine disclosure of institutional ownership and does not inherently present a high risk.
Analyst Insight
An investor should monitor subsequent filings from BlackRock or other major institutions to see if there's a trend in their holdings of The Simply Good Foods Company, as this could indicate a shift in market sentiment.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- The Simply Good Foods Company (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- Other institutional investors may review BlackRock's updated position in Simply Good Foods to inform their own investment decisions. (institutional investors) — medium confidence, target: Q1 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No: 2, filed under Rule 13d-1(b).
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., identified by CIK 0001364742.
What is the subject company (issuer) of the securities being reported?
The subject company, or issuer, is The Simply Good Foods Company, identified by CIK 0001702744.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of The Simply Good Foods Company is 82900L102.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding Simply Good Foods Co (SMPL).