The Simply Good Foods Company (NASDAQ:SMPL) Shares Acquired by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. boosted its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,811,128 shares of the financial services provider's stock after acquiring an additional 366,072 shares during the period. Fuller & Thaler Asset Management Inc. owned 3.77% of Simply Good Foods worth $148,558,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its stake in Simply Good Foods by 13.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock valued at $98,000 after purchasing an additional 300 shares during the last quarter. LPL Financial LLC raised its position in shares of Simply Good Foods by 3.3% in the fourth quarter. LPL Financial LLC now owns 9,890 shares of the financial services provider's stock valued at $386,000 after buying an additional 315 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Simply Good Foods by 2.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,338 shares of the financial services provider's stock valued at $442,000 after buying an additional 324 shares during the period. CIBC Private Wealth Group LLC boosted its position in Simply Good Foods by 72.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock worth $38,000 after acquiring an additional 445 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its stake in Simply Good Foods by 5.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 9,549 shares of the financial services provider's stock worth $372,000 after acquiring an additional 480 shares during the period. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SMPL shares. Mizuho raised their price objective on Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, April 11th. Morgan Stanley lifted their price target on Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Finally, DA Davidson increased their price objective on shares of Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Simply Good Foods presently has an average rating of "Moderate Buy" and a consensus price target of $41.00.

Insider Transactions at Simply Good Foods

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $37.25, for a total value of $186,250.00. Following the transaction, the senior vice president now owns 12,839 shares in the company, valued at $478,252.75. The trade was a 28.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 9.35% of the company's stock.

Simply Good Foods Stock Performance

Shares of SMPL stock opened at $36.24 on Wednesday. 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 company has a market cap of $3.66 billion, a PE ratio of 25.70, a P/E/G ratio of 3.23 and a beta of 0.63. The company's fifty day simple moving average is $35.66 and its 200-day simple moving average is $36.44. The Simply Good Foods Company has a 52 week low of $31.25 and a 52 week high of $40.53.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $359.70 million for the quarter, compared to analysts' expectations of $354.50 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The firm's quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. As a group, equities research analysts anticipate that The Simply Good Foods Company will post 1.78 EPS 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.

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