T. Rowe Price Investment Management Inc. Has $197.24 Million Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

T. Rowe Price Investment Management Inc. lessened its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,059,913 shares of the financial services provider's stock after selling 237,015 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 5.01% of Simply Good Foods worth $197,236,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in SMPL. FMR LLC boosted its holdings in Simply Good Foods by 86.5% during the fourth 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. Dimensional Fund Advisors LP boosted its stake in Simply Good Foods by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,553,864 shares of the financial services provider's stock valued at $138,528,000 after purchasing an additional 90,444 shares during the period. Wellington Management Group LLP grew its holdings in 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 last quarter. Boston Trust Walden Corp increased its position in Simply Good Foods by 31.3% in 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 buying an additional 722,963 shares during the period. Finally, Boston Partners increased its position in Simply Good Foods by 109.0% in the 4th 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 during the period. Institutional investors and hedge funds own 88.45% of the company's stock.

Simply Good Foods Price Performance

SMPL stock traded down $0.19 during trading on Friday, hitting $35.23. The company had a trading volume of 645,464 shares, compared to its average volume of 921,324. The company has a fifty day moving average price of $35.54 and a two-hundred day moving average price of $36.48. 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 market cap of $3.56 billion, a P/E ratio of 24.99, a P/E/G ratio of 3.23 and a beta of 0.63. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 EPS 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 company 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 company earned $0.40 EPS. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. Equities research analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SMPL has been the topic of several research analyst reports. Morgan Stanley raised their price objective on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. UBS Group assumed coverage on shares of Simply Good Foods in a report on Wednesday. They set a "neutral" rating and a $41.00 price objective on the stock. Mizuho increased their target price on shares of 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 boosted their price target on Simply Good Foods from $35.00 to $41.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $41.00.

Insider Activity

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The shares were 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 of the company's stock, valued at $478,252.75. This represents a 28.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.35% of the stock is currently owned by corporate insiders.

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.