Massachusetts Financial Services Co. MA Increases Stock Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Massachusetts Financial Services Co. MA grew its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 908,884 shares of the financial services provider's stock after purchasing an additional 121,117 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.90% of Simply Good Foods worth $35,428,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SMPL. State Street Corp raised its holdings in Simply Good Foods by 6.0% in the 3rd quarter. State Street Corp now owns 3,666,190 shares of the financial services provider's stock valued at $127,473,000 after acquiring an additional 208,070 shares in the last quarter. Wellington Management Group LLP increased its holdings in Simply Good Foods by 23.5% during the 4th quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider's stock valued at $138,232,000 after purchasing an additional 674,618 shares in the last quarter. Boston Trust Walden Corp raised its holdings in shares of Simply Good Foods by 31.3% in the fourth quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider's stock valued at $118,171,000 after buying an additional 722,963 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Simply Good Foods by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,142,679 shares of the financial services provider's stock worth $74,515,000 after purchasing an additional 10,477 shares in the last quarter. Finally, Boston Partners lifted its holdings in 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 buying an additional 637,038 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SMPL shares. 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. Morgan Stanley lifted their price objective on shares of Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $39.67.

Simply Good Foods Stock Down 0.1 %

SMPL traded down $0.05 during trading on Thursday, hitting $36.19. 454,048 shares of the company's stock were exchanged, compared to its average volume of 916,515. 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 business's 50 day moving average is $35.75 and its two-hundred day moving average is $36.27. The stock has a market cap of $3.66 billion, a P/E ratio of 25.67, a PEG ratio of 3.23 and a beta of 0.63. The Simply Good Foods Company has a fifty-two week low of $31.25 and a fifty-two week high of $40.53.

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

Simply Good Foods 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.