The Simply Good Foods Company (NASDAQ:SMPL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 34.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 123,437 shares of the financial services provider's stock after selling 64,112 shares during the quarter. Mutual of America Capital Management LLC owned 0.12% of Simply Good Foods worth $4,812,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Simply Good Foods by 20.0% during the third quarter. FMR LLC now owns 5,128,827 shares of the financial services provider's stock worth $178,329,000 after buying an additional 855,070 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Simply Good Foods in the third quarter valued at $27,391,000. Boston Trust Walden Corp grew its holdings in 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 purchasing an additional 722,963 shares during the last quarter. Weiss Asset Management LP acquired a new stake in Simply Good Foods in the third quarter valued at $12,051,000. Finally, Handelsbanken Fonder AB grew its holdings in Simply Good Foods by 34.9% in the fourth quarter. Handelsbanken Fonder AB now owns 990,500 shares of the financial services provider's stock valued at $38,610,000 after purchasing an additional 256,200 shares during the last quarter. Institutional investors and hedge funds own 88.45% of the company's stock.

Simply Good Foods Trading Up 2.3 %

SMPL traded up $0.81 during trading on Friday, reaching $36.53. 955,423 shares of the stock traded hands, compared to its average volume of 905,182. The stock has a market capitalization of $3.69 billion, a PE ratio of 25.91, a P/E/G ratio of 3.23 and a beta of 0.65. The stock's 50-day moving average is $37.02 and its 200 day moving average is $36.00. 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 Simply Good Foods Company has a 12 month low of $30.00 and a 12 month high of $40.53.

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Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 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 analyst estimates of $347.32 million. During the same quarter last year, the business posted $0.43 EPS. The company's revenue for the quarter was up 10.6% on a year-over-year basis. Equities analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SMPL. Mizuho reduced their target price on Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th. Citigroup decreased their target price on Simply Good Foods from $46.00 to $43.00 and set a "buy" rating for the company in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Simply Good Foods presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.22.

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.