Sanctuary Advisors LLC bought a new stake in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,307 shares of the financial services provider's stock, valued at approximately $318,000.
Other institutional investors have also bought and sold shares of the company. Nkcfo LLC purchased a new position in Simply Good Foods during the fourth quarter worth about $234,000. Congress Asset Management Co. lifted its position in shares of Simply Good Foods by 17.3% during the 4th quarter. Congress Asset Management Co. now owns 313,672 shares of the financial services provider's stock worth $12,227,000 after buying an additional 46,375 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Simply Good Foods by 1.2% in the 4th quarter. Rhumbline Advisers now owns 253,799 shares of the financial services provider's stock worth $9,893,000 after buying an additional 2,990 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Simply Good Foods by 42.9% in the fourth quarter. Blue Trust Inc. now owns 5,568 shares of the financial services provider's stock valued at $217,000 after acquiring an additional 1,671 shares in the last quarter. Finally, Schwartz Investment Counsel Inc. increased its position in shares of Simply Good Foods by 39.3% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 302,900 shares of the financial services provider's stock valued at $11,807,000 after acquiring an additional 85,400 shares during the last quarter. Institutional investors own 88.45% of the company's stock.
Simply Good Foods Stock Performance
SMPL traded up $0.80 during trading hours on Friday, hitting $36.52. The stock had a trading volume of 446,667 shares, compared to its average volume of 905,546. The Simply Good Foods Company has a 1 year low of $30.00 and a 1 year high of $40.53. The company's fifty day simple moving average is $37.02 and its 200 day simple moving average is $36.00. The stock has a market cap of $3.69 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 3.23 and a beta of 0.65. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20.
Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (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 company had revenue of $341.30 million for the quarter, compared to analyst estimates of $347.32 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The company's quarterly revenue was up 10.6% compared to the same quarter last year. Equities analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current year.
Wall Street Analysts Forecast Growth
SMPL has been the topic of several research analyst reports. Mizuho cut their price objective 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 cut their price target on shares of Simply Good Foods from $46.00 to $43.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.22.
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About Simply Good Foods
(
Free Report)
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.
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