Hillsdale Investment Management Inc. Has $3.10 Million Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Hillsdale Investment Management Inc. reduced its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,400 shares of the financial services provider's stock after selling 32,900 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.08% of Simply Good Foods worth $3,095,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. TD Private Client Wealth LLC increased its position in Simply Good Foods by 20.5% during the fourth quarter. TD Private Client Wealth LLC now owns 5,512 shares of the financial services provider's stock worth $215,000 after acquiring an additional 937 shares during the period. Xponance Inc. grew its position in Simply Good Foods by 15.5% in the 4th quarter. Xponance Inc. now owns 6,923 shares of the financial services provider's stock worth $270,000 after purchasing an additional 928 shares during the last quarter. Boston Partners increased its holdings in shares of Simply Good Foods by 109.0% during the 4th quarter. Boston Partners now owns 1,221,285 shares of the financial services provider's stock worth $47,287,000 after purchasing an additional 637,038 shares during the period. Cibc World Markets Corp bought a new position in shares of Simply Good Foods during the 4th quarter worth about $333,000. Finally, Natixis Advisors LLC raised its position in shares of Simply Good Foods by 6.2% during the fourth quarter. Natixis Advisors LLC now owns 19,984 shares of the financial services provider's stock valued at $779,000 after buying an additional 1,171 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors and hedge funds.

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Simply Good Foods Price Performance

SMPL stock traded up $0.69 during trading on Thursday, hitting $34.05. The company had a trading volume of 503,199 shares, compared to its average volume of 890,487. 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 company has a fifty day moving average price of $36.30 and a two-hundred day moving average price of $36.23. 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 market cap of $3.44 billion, a P/E ratio of 24.15, a P/E/G 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, beating 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 the consensus estimate of $347.32 million. During the same period last year, the firm posted $0.43 EPS. The firm's quarterly revenue was up 10.6% on a year-over-year basis. Equities research analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SMPL shares. Morgan Stanley began coverage on Simply Good Foods in a research note on Monday. They set an "equal weight" rating and a $36.00 price target on the stock. 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. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Simply Good Foods has an average rating of "Moderate Buy" and a consensus target price of $39.56.

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.