Principal Financial Group Inc. Sells 44,885 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Principal Financial Group Inc. lowered its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 953,821 shares of the financial services provider's stock after selling 44,885 shares during the period. Principal Financial Group Inc. owned about 0.94% of Simply Good Foods worth $37,180,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new position in Simply Good Foods during the 4th quarter worth about $26,000. Quarry LP boosted its holdings in Simply Good Foods by 64.7% in the third quarter. Quarry LP now owns 1,357 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 533 shares during the last quarter. GAMMA Investing LLC increased its position 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 valued at $69,000 after purchasing an additional 1,201 shares during the period. KBC Group NV raised its holdings in Simply Good Foods by 31.9% during the 3rd quarter. KBC Group NV now owns 3,084 shares of the financial services provider's stock worth $107,000 after purchasing an additional 746 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Simply Good Foods by 39.5% in the 4th quarter. Pacer Advisors Inc. now owns 3,450 shares of the financial services provider's stock worth $134,000 after purchasing an additional 976 shares during the period. Institutional investors and hedge funds own 88.45% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SMPL shares. Mizuho dropped their target price on shares of Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating on the stock in a 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 note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.22.

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Simply Good Foods Stock Down 0.3 %

Shares of NASDAQ:SMPL traded down $0.11 during mid-day trading on Tuesday, hitting $37.28. 807,817 shares of the company traded hands, compared to its average volume of 1,107,714. The stock has a 50-day moving average price of $37.28 and a two-hundred day moving average price of $35.85. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $40.53. The stock has a market cap of $3.77 billion, a P/E ratio of 26.44, a P/E/G ratio of 3.23 and a beta of 0.65. 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 issued its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $341.30 million during the quarter, compared to the consensus estimate of $347.32 million. During the same period in the prior year, the firm posted $0.43 EPS. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share for the current 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.