Barclays PLC Purchases 15,595 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Barclays PLC raised its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 180,796 shares of the financial services provider's stock after buying an additional 15,595 shares during the quarter. Barclays PLC owned about 0.18% of Simply Good Foods worth $7,047,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. FMR LLC boosted its holdings in Simply Good Foods by 86.5% in the 4th quarter. FMR LLC now owns 9,566,199 shares of the financial services provider's stock valued at $372,890,000 after purchasing an additional 4,437,372 shares during the period. Wellington Management Group LLP grew its position in Simply Good Foods by 23.5% during the fourth quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider's stock worth $138,232,000 after buying an additional 674,618 shares in the last quarter. Boston Trust Walden Corp increased its stake in Simply Good Foods by 31.3% during the fourth quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider's stock valued at $118,171,000 after acquiring an additional 722,963 shares during the period. Boston Partners raised its holdings in Simply Good Foods by 109.0% in the 4th quarter. Boston Partners now owns 1,221,285 shares of the financial services provider's stock valued at $47,287,000 after acquiring an additional 637,038 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Simply Good Foods in the 4th quarter worth approximately $44,006,000. 88.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SMPL shares. DA Davidson boosted their price objective on Simply Good Foods from $35.00 to $41.00 and gave the company a "neutral" rating in a research report on Friday, April 11th. Morgan Stanley increased their price objective on shares of Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a research note on Thursday, April 10th. Mizuho raised their price objective on shares of Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, April 11th. Finally, UBS Group assumed coverage on shares of Simply Good Foods in a research note on Wednesday. They issued a "neutral" rating and a $41.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Simply Good Foods presently has an average rating of "Moderate Buy" and an average price target of $41.00.

Simply Good Foods Price Performance

NASDAQ:SMPL traded down $0.19 on Friday, reaching $35.23. The stock had a trading volume of 645,464 shares, compared to its average volume of 921,324. The company has a market capitalization of $3.56 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63. The stock has a fifty day moving average price of $35.54 and a 200-day moving average price of $36.50. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The Simply Good Foods Company has a 1-year low of $31.25 and a 1-year high of $40.53.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The business had revenue of $359.70 million for the quarter, compared to analyst estimates of $354.50 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. Simply Good Foods's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 EPS. Research analysts forecast that The Simply Good Foods Company will post 1.78 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the company's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the transaction, the senior vice president now directly owns 12,839 shares in the company, valued at approximately $478,252.75. This represents a 28.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.35% of the company's stock.

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.