JPMorgan Chase & Co. boosted its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 49.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 428,619 shares of the financial services provider's stock after buying an additional 141,021 shares during the period. JPMorgan Chase & Co. owned approximately 0.42% of Simply Good Foods worth $16,708,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Boston Trust Walden Corp raised its holdings in shares of Simply Good Foods by 31.3% during the fourth quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider's stock worth $118,171,000 after acquiring an additional 722,963 shares during the period. Boston Partners increased its holdings in 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 worth $47,287,000 after purchasing an additional 637,038 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Simply Good Foods by 34.9% in the 4th quarter. Handelsbanken Fonder AB now owns 990,500 shares of the financial services provider's stock valued at $38,610,000 after purchasing an additional 256,200 shares during the period. State Street Corp lifted its holdings in shares of Simply Good Foods by 6.0% in the third 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 in the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in shares of Simply Good Foods during the fourth quarter worth about $7,884,000. Institutional investors own 88.45% of the company's stock.
Insider Activity at Simply Good Foods
In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of Simply Good Foods stock in a transaction that occurred 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 directly owns 12,839 shares of the company's stock, valued at $478,252.75. This trade represents a 28.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 9.35% of the stock is owned by insiders.
Simply Good Foods Stock Performance
SMPL traded down $1.02 during trading on Wednesday, hitting $36.67. The stock had a trading volume of 393,512 shares, compared to its average volume of 928,033. 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 market cap of $3.70 billion, a price-to-earnings ratio of 26.01, a P/E/G ratio of 3.23 and a beta of 0.63. The company has a 50 day moving average price of $35.77 and a 200-day moving average price of $36.35. The Simply Good Foods Company has a one year low of $31.25 and a one year high of $40.53.
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 the consensus estimate of $0.40 by $0.06. The business had revenue of $359.70 million during 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 revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. As a group, research analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current year.
Analyst Ratings Changes
A number of brokerages recently issued reports on SMPL. Morgan Stanley lifted their target price 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. Mizuho lifted their price objective on shares of Simply Good Foods from $45.00 to $47.00 and gave the company an "outperform" rating in a report on Friday, April 11th. 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, April 11th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Simply Good Foods currently has an average rating of "Moderate Buy" and an average target price of $40.22.
Read Our Latest Stock Report on Simply Good Foods
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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