The Simply Good Foods Company (NASDAQ:SMPL) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 31.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 173,600 shares of the financial services provider's stock after selling 79,400 shares during the period. Renaissance Technologies LLC owned approximately 0.17% of Simply Good Foods worth $6,767,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its holdings in Simply Good Foods by 86.5% during the 4th quarter. FMR LLC now owns 9,566,199 shares of the financial services provider's stock valued at $372,890,000 after acquiring an additional 4,437,372 shares during the period. Norges Bank acquired a new position in Simply Good Foods during the 4th quarter worth $44,006,000. Boston Trust Walden Corp increased its holdings in Simply Good Foods by 31.3% during the 4th quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider's stock worth $118,171,000 after purchasing an additional 722,963 shares during the period. Wellington Management Group LLP boosted its stake in shares of Simply Good Foods by 23.5% in the 4th quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider's stock valued at $138,232,000 after buying an additional 674,618 shares during the period. Finally, Boston Partners grew its position in shares of Simply Good Foods by 109.0% during the fourth quarter. Boston Partners now owns 1,221,285 shares of the financial services provider's stock worth $47,287,000 after buying an additional 637,038 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. UBS Group initiated coverage on shares of Simply Good Foods in a research note on Wednesday. They set a "neutral" rating and a $41.00 target price for the company. Mizuho raised their price target on Simply Good Foods from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Friday, April 11th. Finally, DA Davidson upped their price objective on Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $41.00.

Simply Good Foods Stock Performance

Shares of Simply Good Foods stock traded down $0.51 during trading hours on Thursday, hitting $35.68. 108,504 shares of the company were exchanged, compared to its average volume of 920,625. 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 business has a 50-day moving average of $35.63 and a 200-day moving average of $36.43. The Simply Good Foods Company has a 1 year low of $31.25 and a 1 year high of $40.53. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 3.23 and a beta of 0.63.

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

Insiders Place Their Bets

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the company's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the completion of the sale, the senior vice president now directly owns 12,839 shares in the company, valued at $478,252.75. This represents a 28.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 9.35% of the company's stock.

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.