State of New Jersey Common Pension Fund D Has $2.15 Million Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

State of New Jersey Common Pension Fund D trimmed its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 11.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,241 shares of the financial services provider's stock after selling 7,332 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.05% of Simply Good Foods worth $2,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Nkcfo LLC bought a new stake in Simply Good Foods during the fourth quarter worth approximately $234,000. Congress Asset Management Co. raised its stake in shares of Simply Good Foods by 17.3% in 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 raised 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 in the last quarter. Blue Trust Inc. lifted 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 buying an additional 1,671 shares during the period. Finally, Schwartz Investment Counsel Inc. boosted its stake in 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 buying an additional 85,400 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

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Simply Good Foods Trading Down 0.3 %

SMPL stock traded down $0.11 during mid-day trading on Tuesday, reaching $37.28. 807,817 shares of the stock traded hands, compared to its average volume of 1,107,714. The stock's fifty day moving average is $37.28 and its 200-day moving average is $35.85. The company 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. The Simply Good Foods Company has a 52-week low of $30.00 and a 52-week high of $40.53.

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 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.06. The firm had revenue of $341.30 million for the quarter, compared to analysts' expectations of $347.32 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The company's quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. As a group, sell-side analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Mizuho cut their price target on shares of Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Citigroup cut their target price on shares of 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $40.22.

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.