Fox Run Management L.L.C. bought a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,275 shares of the financial services provider's stock, valued at approximately $439,000.
Other large investors have also added to or reduced their stakes in the company. Intech Investment Management LLC boosted its stake in shares of Simply Good Foods by 356.7% during the 3rd quarter. Intech Investment Management LLC now owns 30,464 shares of the financial services provider's stock worth $1,059,000 after buying an additional 23,794 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Simply Good Foods during the third quarter valued at approximately $27,391,000. Charles Schwab Investment Management Inc. grew its stake in Simply Good Foods by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 990,010 shares of the financial services provider's stock valued at $34,423,000 after purchasing an additional 54,334 shares in the last quarter. Citigroup Inc. increased its position in shares of Simply Good Foods by 60.1% during the 3rd quarter. Citigroup Inc. now owns 122,849 shares of the financial services provider's stock worth $4,271,000 after purchasing an additional 46,126 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Simply Good Foods by 36.1% in the 3rd quarter. Cerity Partners LLC now owns 24,297 shares of the financial services provider's stock valued at $845,000 after buying an additional 6,450 shares during the last quarter. Institutional investors and hedge funds own 88.45% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Mizuho cut their price target on shares of 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. Morgan Stanley initiated coverage on shares of Simply Good Foods in a research note on Monday. They issued an "equal weight" rating and a $36.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Simply Good Foods presently has a consensus rating of "Moderate Buy" and an average target price of $39.56.
View Our Latest Stock Report on SMPL
Simply Good Foods Stock Performance
Shares of NASDAQ:SMPL traded up $0.09 during trading on Friday, reaching $34.14. 149,809 shares of the stock were exchanged, compared to its average volume of 912,492. The Simply Good Foods Company has a 12 month low of $30.00 and a 12 month high of $40.53. The stock has a 50-day moving average price of $36.32 and a 200-day moving average price of $36.21. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.45 billion, a PE ratio of 24.20, a PEG ratio of 3.23 and a beta of 0.65.
Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, topping 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 company had revenue of $341.30 million during the quarter, compared to the consensus estimate of $347.32 million. During the same quarter last year, the firm earned $0.43 earnings per share. The company's revenue was up 10.6% on a year-over-year basis. Research analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.
About Simply Good Foods
(
Free Report)
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.
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