Congress Asset Management Co. Has $9.29 Million Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

Congress Asset Management Co. decreased its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 35.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 267,297 shares of the financial services provider's stock after selling 145,038 shares during the period. Congress Asset Management Co. owned approximately 0.27% of Simply Good Foods worth $9,294,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SMPL. Diversify Wealth Management LLC increased its position in Simply Good Foods by 15.8% in the 3rd quarter. Diversify Wealth Management LLC now owns 8,745 shares of the financial services provider's stock valued at $282,000 after acquiring an additional 1,196 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Simply Good Foods by 7.4% during the third quarter. New York State Teachers Retirement System now owns 112,055 shares of the financial services provider's stock valued at $3,896,000 after purchasing an additional 7,736 shares during the period. Boston Trust Walden Corp bought a new stake in shares of Simply Good Foods during the third quarter valued at about $80,270,000. Schwartz Investment Counsel Inc. acquired a new stake in Simply Good Foods in the third quarter worth about $7,562,000. Finally, AlphaMark Advisors LLC bought a new position in Simply Good Foods in the 3rd quarter valued at about $344,000. Institutional investors and hedge funds own 88.45% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stephens dropped their price target on shares of Simply Good Foods from $44.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Simply Good Foods currently has a consensus rating of "Moderate Buy" and an average target price of $40.50.

Simply Good Foods Price Performance

NASDAQ SMPL traded up $0.44 on Friday, reaching $34.10. The company's stock had a trading volume of 539,203 shares, compared to its average volume of 878,494. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.75 and a current ratio of 4.05. The firm's 50 day moving average is $33.44 and its two-hundred day moving average is $34.79. The stock has a market cap of $3.42 billion, a PE ratio of 24.71, a PEG ratio of 2.95 and a beta of 0.63.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, hitting analysts' consensus estimates of $0.50. The firm had revenue of $375.70 million during the quarter, compared to analysts' expectations of $373.07 million. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. The firm's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. As a group, sell-side analysts predict that The Simply Good Foods Company will post 1.79 EPS for the current year.

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.