South Dakota Investment Council Invests $1.19 Million in The Simply Good Foods Company (NASDAQ:SMPL)

South Dakota Investment Council acquired a new stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 30,563 shares of the financial services provider's stock, valued at approximately $1,191,000.

Several other large investors also recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of Simply Good Foods by 20.0% in the 3rd quarter. FMR LLC now owns 5,128,827 shares of the financial services provider's stock worth $178,329,000 after acquiring an additional 855,070 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Simply Good Foods in the 3rd quarter worth approximately $27,391,000. Boston Trust Walden Corp boosted its holdings in shares of Simply Good Foods by 31.3% in the 4th quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider's stock worth $118,171,000 after acquiring an additional 722,963 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of Simply Good Foods in the 3rd quarter worth approximately $12,051,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Simply Good Foods by 34.9% in the 4th quarter. Handelsbanken Fonder AB now owns 990,500 shares of the financial services provider's stock worth $38,610,000 after acquiring an additional 256,200 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SMPL has been the topic of several recent analyst reports. Mizuho reduced their target price on Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. Citigroup reduced their price objective on Simply Good Foods from $46.00 to $43.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Simply Good Foods currently has an average rating of "Moderate Buy" and an average target price of $40.22.

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Simply Good Foods Trading Down 0.1 %

Shares of Simply Good Foods stock traded down $0.04 on Thursday, hitting $37.01. 580,201 shares of the company's stock traded hands, compared to its average volume of 1,080,487. The firm's 50-day moving average price is $37.20 and its two-hundred day moving average price is $35.87. The stock has a market capitalization of $3.74 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 3.23 and a beta of 0.65. The Simply Good Foods Company has a one year low of $30.00 and a one year high of $40.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The business had revenue of $341.30 million during the quarter, compared to analysts' expectations of $347.32 million. During the same quarter in the prior year, the company earned $0.43 EPS. The firm's quarterly revenue was up 10.6% on a year-over-year basis. On average, research analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Simply Good Foods Company Profile

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.