The Simply Good Foods Company (NASDAQ:SMPL) Shares Purchased by Congress Asset Management Co.

Congress Asset Management Co. boosted its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 313,672 shares of the financial services provider's stock after buying an additional 46,375 shares during the quarter. Congress Asset Management Co. owned 0.31% of Simply Good Foods worth $12,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SMPL. Schwartz Investment Counsel Inc. acquired a new position in Simply Good Foods during the third quarter worth about $7,562,000. Boston Trust Walden Corp purchased a new stake in shares of Simply Good Foods in the third quarter valued at about $80,270,000. New York State Teachers Retirement System lifted its holdings in shares of Simply Good Foods by 7.4% in the third quarter. New York State Teachers Retirement System now owns 112,055 shares of the financial services provider's stock valued at $3,896,000 after purchasing an additional 7,736 shares in the last quarter. Diversify Wealth Management LLC lifted its holdings in shares of Simply Good Foods by 15.8% in the third quarter. Diversify Wealth Management LLC now owns 8,745 shares of the financial services provider's stock valued at $282,000 after purchasing an additional 1,196 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Simply Good Foods by 23.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 62,573 shares of the financial services provider's stock valued at $2,176,000 after purchasing an additional 11,951 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Simply Good Foods Trading Up 0.5 %

Shares of SMPL traded up $0.19 on Wednesday, hitting $37.39. 867,079 shares of the stock traded hands, compared to its average volume of 1,149,456. 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 $3.78 billion, a P/E ratio of 26.52, a P/E/G ratio of 3.28 and a beta of 0.65. The stock's 50 day moving average is $37.48 and its two-hundred day moving average is $35.68. The Simply Good Foods Company has a 1 year low of $30.00 and a 1 year high of $40.53.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Citigroup reduced their price target on shares of Simply Good Foods from $46.00 to $43.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Mizuho reduced their price target on shares of Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. Finally, Stephens reduced their price target on shares of Simply Good Foods from $44.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Simply Good Foods has an average rating of "Moderate Buy" and a consensus price target of $40.22.

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.