Invesco Ltd. Grows Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Invesco Ltd. grew its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 2.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 402,372 shares of the financial services provider's stock after buying an additional 11,197 shares during the period. Invesco Ltd. owned 0.40% of Simply Good Foods worth $15,684,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SMPL. R Squared Ltd acquired a new stake in Simply Good Foods in the fourth quarter valued at approximately $26,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Simply Good Foods by 72.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 445 shares during the last quarter. Smartleaf Asset Management LLC boosted its position 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 grew its stake in 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 worth $69,000 after buying an additional 1,201 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in Simply Good Foods by 13.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock valued at $98,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SMPL shares. Morgan Stanley raised their price target on Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. UBS Group started coverage on shares of Simply Good Foods in a research note on Wednesday. They issued a "neutral" rating and a $41.00 target price for the company. DA Davidson upped their price target on shares of Simply Good Foods from $35.00 to $41.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. Finally, Mizuho lifted their price objective on shares of Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a research note on Friday, April 11th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Simply Good Foods presently has an average rating of "Moderate Buy" and a consensus price target of $41.00.

Insider Transactions at Simply Good Foods

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $37.25, for a total value of $186,250.00. Following the completion of the transaction, the senior vice president now directly owns 12,839 shares of the company's stock, valued at approximately $478,252.75. The trade was a 28.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 9.35% of the company's stock.

Simply Good Foods Stock Performance

NASDAQ SMPL traded down $0.51 on Friday, hitting $34.91. 105,633 shares of the company's stock traded hands, compared to its average volume of 919,162. The firm has a market capitalization of $3.53 billion, a PE ratio of 24.83, a P/E/G ratio of 3.23 and a beta of 0.63. The Simply Good Foods Company has a 1-year low of $31.25 and a 1-year high of $40.53. The firm's 50-day moving average price is $35.58 and its two-hundred day moving average price is $36.45. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $359.70 million during the quarter, compared to the consensus estimate of $354.50 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The firm's quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. As a group, analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current year.

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.