The Simply Good Foods Company (NASDAQ:SMPL) Shares Bought by Boston Partners

Boston Partners raised its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 109.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,221,285 shares of the financial services provider's stock after acquiring an additional 637,038 shares during the period. Boston Partners owned approximately 1.21% of Simply Good Foods worth $47,287,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of Simply Good Foods by 20.0% during the third quarter. FMR LLC now owns 5,128,827 shares of the financial services provider's stock worth $178,329,000 after purchasing an additional 855,070 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Simply Good Foods in the 3rd quarter valued at $27,391,000. Boston Trust Walden Corp raised its position in Simply Good Foods by 31.3% during 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 buying an additional 722,963 shares during the last quarter. Weiss Asset Management LP acquired a new stake in shares of Simply Good Foods in the 3rd quarter worth $12,051,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Simply Good Foods by 34.9% in the fourth quarter. Handelsbanken Fonder AB now owns 990,500 shares of the financial services provider's stock valued at $38,610,000 after acquiring an additional 256,200 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SMPL shares. Morgan Stanley started coverage on shares of Simply Good Foods in a report on Monday. They set an "equal weight" rating and a $36.00 price target for the company. Mizuho dropped their target price on Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $39.56.

Simply Good Foods Price Performance

Shares of SMPL traded up $0.40 on Monday, reaching $33.40. The stock had a trading volume of 685,292 shares, compared to its average volume of 891,637. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $40.53. The firm has a market capitalization of $3.37 billion, a PE ratio of 23.69, a PEG ratio of 3.23 and a beta of 0.65. The firm has a 50-day moving average of $36.34 and a 200 day moving average of $36.24. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20.

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

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.