The Simply Good Foods Company (NASDAQ:SMPL) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,581,288 shares of the financial services provider's stock after selling 140,873 shares during the period. Vanguard Group Inc. owned about 10.47% of Simply Good Foods worth $412,459,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SMPL. R Squared Ltd purchased a new position in shares of Simply Good Foods during the fourth quarter valued at approximately $26,000. Quarry LP boosted its holdings in shares of Simply Good Foods by 64.7% during the third quarter. Quarry LP now owns 1,357 shares of the financial services provider's stock worth $47,000 after purchasing an additional 533 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of 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 purchasing an additional 1,229 shares during the period. GAMMA Investing LLC increased its stake in Simply Good Foods by 215.6% in the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider's stock valued at $69,000 after purchasing an additional 1,201 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Simply Good Foods by 119.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider's stock worth $112,000 after buying an additional 1,555 shares during the period. 88.45% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Mizuho dropped their price objective on shares of Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Morgan Stanley began coverage on shares of Simply Good Foods in a research note on Monday, March 24th. They set an "equal weight" rating and a $36.00 price target on the stock. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $39.56.

Simply Good Foods Trading Up 0.1 %

SMPL stock traded up $0.04 during midday trading on Monday, reaching $33.89. 1,909,421 shares of the company's stock traded hands, compared to its average volume of 905,898. The Simply Good Foods Company has a fifty-two week low of $31.25 and a fifty-two week high of $40.53. The business has a 50-day moving average price of $36.03 and a two-hundred day moving average price of $36.28. The company has a market capitalization of $3.42 billion, a P/E ratio of 24.04, a PEG ratio of 3.23 and a beta of 0.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The firm had revenue of $341.30 million during the quarter, compared to analysts' expectations of $347.32 million. During the same period in the prior year, the company earned $0.43 EPS. The firm's revenue was up 10.6% on a year-over-year basis. Equities research analysts forecast that The Simply Good Foods Company will post 1.78 EPS for the current fiscal 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.