Amundi Boosts Stake in The Simply Good Foods Company (NASDAQ:SMPL)

Amundi increased its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 152.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,198 shares of the financial services provider's stock after purchasing an additional 32,721 shares during the quarter. Amundi owned approximately 0.05% of Simply Good Foods worth $1,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. R Squared Ltd bought a new position in Simply Good Foods in the 4th quarter worth $26,000. Quarry LP increased its position in shares of Simply Good Foods by 64.7% during the third quarter. Quarry LP now owns 1,357 shares of the financial services provider's stock valued at $47,000 after buying an additional 533 shares during the period. Smartleaf Asset Management LLC raised its stake in Simply Good Foods by 255.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock worth $66,000 after buying an additional 1,229 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Simply Good Foods by 215.6% in the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider's stock worth $69,000 after buying an additional 1,201 shares during the period. Finally, KBC Group NV lifted its holdings in Simply Good Foods by 31.9% in the third quarter. KBC Group NV now owns 3,084 shares of the financial services provider's stock worth $107,000 after buying an additional 746 shares during the period. 88.45% of the stock is owned by institutional investors.

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Simply Good Foods Stock Down 1.0 %

Shares of Simply Good Foods stock traded down $0.32 during midday trading on Friday, hitting $33.00. The company had a trading volume of 1,063,489 shares, compared to its average volume of 896,225. The company has a 50 day moving average of $36.36 and a 200 day moving average of $36.18. The stock has a market capitalization of $3.33 billion, a P/E ratio of 23.40, a P/E/G ratio of 3.23 and a beta of 0.65. The Simply Good Foods Company has a 52-week low of $30.00 and a 52-week high of $40.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23.

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

Analyst Ratings Changes

Separately, Mizuho decreased their target price on Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Simply Good Foods currently has an average rating of "Moderate Buy" and a consensus target price of $40.22.

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.