Teacher Retirement System of Texas Sells 29,866 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Teacher Retirement System of Texas cut its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 15.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 162,255 shares of the financial services provider's stock after selling 29,866 shares during the period. Teacher Retirement System of Texas owned 0.16% of Simply Good Foods worth $6,325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SMPL. Xponance Inc. increased its position in Simply Good Foods by 15.5% during the 4th quarter. Xponance Inc. now owns 6,923 shares of the financial services provider's stock valued at $270,000 after purchasing an additional 928 shares during the period. Boston Partners boosted its stake in shares of Simply Good Foods by 109.0% during the 4th quarter. Boston Partners now owns 1,221,285 shares of the financial services provider's stock valued at $47,287,000 after purchasing an additional 637,038 shares in the last quarter. Cibc World Markets Corp purchased a new position in shares of Simply Good Foods during the fourth quarter valued at about $333,000. Natixis Advisors LLC raised its stake in Simply Good Foods by 6.2% in the fourth quarter. Natixis Advisors LLC now owns 19,984 shares of the financial services provider's stock worth $779,000 after buying an additional 1,171 shares in the last quarter. Finally, Hilton Capital Management LLC lifted its holdings in Simply Good Foods by 4.9% in the fourth quarter. Hilton Capital Management LLC now owns 39,375 shares of the financial services provider's stock worth $1,535,000 after buying an additional 1,828 shares during the period. Institutional investors own 88.45% of the company's stock.

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Wall Street Analysts Forecast Growth

SMPL has been the topic of a number of research analyst reports. Morgan Stanley began coverage on Simply Good Foods in a report on Monday. They set an "equal weight" rating and a $36.00 target price on the stock. Mizuho reduced their price target 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $39.56.

Simply Good Foods Stock Up 2.1 %

SMPL stock traded up $0.69 on Thursday, reaching $34.05. 503,199 shares of the company traded hands, compared to its average volume of 890,487. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75. The firm has a fifty day simple moving average of $36.30 and a 200-day simple moving average of $36.23. The Simply Good Foods Company has a one year low of $30.00 and a one year high of $40.53. The company has a market cap of $3.44 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 3.23 and a beta of 0.65.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.06. The business had revenue of $341.30 million during the quarter, compared to analyst estimates of $347.32 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. Simply Good Foods's revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. Research analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Simply Good Foods Company 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.