New York State Teachers Retirement System Lowers Stock Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

New York State Teachers Retirement System lessened its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 8.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,119 shares of the financial services provider's stock after selling 8,936 shares during the period. New York State Teachers Retirement System owned 0.10% of Simply Good Foods worth $4,020,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SMPL. Schwartz Investment Counsel Inc. purchased a new stake in shares of Simply Good Foods in the third quarter worth $7,562,000. Boston Trust Walden Corp purchased a new stake in shares of Simply Good Foods in the third quarter worth $80,270,000. Diversify Wealth Management LLC raised its position in shares of Simply Good Foods by 15.8% in the third quarter. Diversify Wealth Management LLC now owns 8,745 shares of the financial services provider's stock worth $282,000 after buying an additional 1,196 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Simply Good Foods by 23.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 62,573 shares of the financial services provider's stock worth $2,176,000 after buying an additional 11,951 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of Simply Good Foods in the third quarter worth $241,000. Hedge funds and other institutional investors own 88.45% of the company's stock.

Simply Good Foods Trading Up 0.2 %

Shares of NASDAQ SMPL traded up $0.08 during trading hours on Monday, hitting $37.39. The company's stock had a trading volume of 726,817 shares, compared to its average volume of 1,116,283. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 3.23 and a beta of 0.65. The Simply Good Foods Company has a 12 month low of $30.00 and a 12 month high of $40.53. The business has a 50-day simple moving average of $37.33 and a 200-day simple moving average of $35.82.

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Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The company had revenue of $341.30 million for the quarter, compared to analysts' expectations of $347.32 million. During the same period last year, the firm earned $0.43 earnings per share. Simply Good Foods's quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SMPL shares. Citigroup reduced their target price on Simply Good Foods from $46.00 to $43.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th. Mizuho reduced their price objective 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.22.

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.