Fmr LLC Increases Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

FMR LLC lifted its stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 86.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,566,199 shares of the financial services provider's stock after purchasing an additional 4,437,372 shares during the period. FMR LLC owned 9.47% of Simply Good Foods worth $372,890,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SMPL. Tidal Investments LLC raised its stake in Simply Good Foods by 42.7% during the 3rd quarter. Tidal Investments LLC now owns 51,664 shares of the financial services provider's stock valued at $1,796,000 after buying an additional 15,455 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Simply Good Foods by 255.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock valued at $66,000 after acquiring an additional 1,229 shares during the period. State Street Corp grew its stake in shares of Simply Good Foods by 6.0% during the 3rd quarter. State Street Corp now owns 3,666,190 shares of the financial services provider's stock valued at $127,473,000 after purchasing an additional 208,070 shares during the period. HighTower Advisors LLC increased its position in shares of Simply Good Foods by 3.9% during the 3rd quarter. HighTower Advisors LLC now owns 13,504 shares of the financial services provider's stock valued at $473,000 after purchasing an additional 501 shares during the last quarter. Finally, Moody Aldrich Partners LLC lifted its stake in shares of Simply Good Foods by 47.8% in the 4th quarter. Moody Aldrich Partners LLC now owns 141,410 shares of the financial services provider's stock worth $5,512,000 after purchasing an additional 45,738 shares during the period. Institutional investors own 88.45% of the company's stock.

Remove Ads

Simply Good Foods Price Performance

NASDAQ SMPL remained flat at $37.57 during trading on Tuesday. The company's stock had a trading volume of 457,366 shares, compared to its average volume of 927,927. The Simply Good Foods Company has a fifty-two week low of $31.25 and a fifty-two week high of $40.53. 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 capitalization of $3.80 billion, a P/E ratio of 26.65, a PEG ratio of 3.23 and a beta of 0.63. The firm's fifty day moving average is $35.76 and its 200 day moving average is $36.34.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 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 $359.70 million for the quarter, compared to analyst estimates of $354.50 million. During the same quarter in the prior year, the business posted $0.40 EPS. Simply Good Foods's revenue for the quarter was up 15.2% compared to the same quarter last year. Analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Insider Buying and Selling

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the sale, the senior vice president now owns 12,839 shares in the company, valued at approximately $478,252.75. The trade was a 28.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.35% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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