Candriam S.C.A. Trims Stake in The Simply Good Foods Company (NASDAQ:SMPL)

Candriam S.C.A. lowered its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 30.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,147 shares of the financial services provider's stock after selling 10,741 shares during the period. Candriam S.C.A.'s holdings in Simply Good Foods were worth $941,000 at the end of the most recent reporting period.

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

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Simply Good Foods Trading Down 2.2 %

Shares of Simply Good Foods stock traded down $0.78 on Thursday, hitting $34.27. The stock had a trading volume of 789,632 shares, compared to its average volume of 907,618. The stock's 50-day simple moving average is $36.78 and its two-hundred day simple moving average is $36.12. 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 quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 3.23 and a beta of 0.65.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.06. The business had revenue of $341.30 million for the quarter, compared to analyst estimates of $347.32 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The company's revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. As a group, sell-side analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current year.

Wall Street Analyst Weigh In

SMPL has been the subject of several research reports. Mizuho cut their target price on Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Citigroup cut their price objective on shares of Simply Good Foods from $46.00 to $43.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Simply Good Foods currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.22.

Simply Good Foods 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.