Charles Schwab Investment Management Inc. Has $40.30 Million Position in The Simply Good Foods Company (NASDAQ:SMPL)

Charles Schwab Investment Management Inc. grew its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 4.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,033,884 shares of the financial services provider's stock after buying an additional 43,874 shares during the period. Charles Schwab Investment Management Inc. owned 1.02% of Simply Good Foods worth $40,301,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norden Group LLC increased its position in Simply Good Foods by 18.6% in the fourth quarter. Norden Group LLC now owns 17,042 shares of the financial services provider's stock worth $664,000 after purchasing an additional 2,668 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Simply Good Foods by 255.5% during 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 during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Simply Good Foods by 119.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider's stock worth $112,000 after buying an additional 1,555 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Simply Good Foods by 8.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 48,458 shares of the financial services provider's stock valued at $1,889,000 after buying an additional 3,883 shares during the period. Finally, Edge Capital Group LLC bought a new position in Simply Good Foods in the fourth quarter valued at approximately $466,000. Institutional investors own 88.45% of the company's stock.

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Simply Good Foods Trading Up 0.1 %

Simply Good Foods stock traded up $0.02 during mid-day trading on Wednesday, hitting $33.33. 379,611 shares of the company's stock were exchanged, compared to its average volume of 901,024. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week 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 firm has a market capitalization of $3.37 billion, a P/E ratio of 23.61, a PEG ratio of 3.23 and a beta of 0.65. The company's 50 day simple moving average is $36.46 and its 200-day simple moving average is $36.22.

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

Analysts Set New Price Targets

Separately, Mizuho cut their price target on Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.