Victory Capital Management Inc. lowered its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,012,119 shares of the financial services provider's stock after selling 33,338 shares during the period. Victory Capital Management Inc. owned approximately 1.00% of Simply Good Foods worth $39,452,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. R Squared Ltd purchased a new stake in Simply Good Foods in the fourth quarter valued at approximately $26,000. Quarry LP increased its holdings in shares of Simply Good Foods by 64.7% in the 3rd quarter. Quarry LP now owns 1,357 shares of the financial services provider's stock worth $47,000 after buying an additional 533 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Simply Good Foods by 255.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock valued at $66,000 after buying an additional 1,229 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Simply Good Foods by 215.6% during the 4th quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider's stock valued at $69,000 after buying an additional 1,201 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Simply Good Foods by 31.9% during the 3rd quarter. KBC Group NV now owns 3,084 shares of the financial services provider's stock worth $107,000 after acquiring an additional 746 shares during the last quarter. Institutional investors own 88.45% of the company's stock.
Analysts Set New Price Targets
SMPL has been the topic of a number of research reports. Citigroup lowered their price target on Simply Good Foods from $46.00 to $43.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. Mizuho decreased their price objective on Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Simply Good Foods has an average rating of "Moderate Buy" and a consensus price target of $40.22.
Check Out Our Latest Analysis on Simply Good Foods
Simply Good Foods Price Performance
Shares of Simply Good Foods stock opened at $36.53 on Friday. The stock has a market capitalization of $3.69 billion, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 3.23 and a beta of 0.65. The Simply Good Foods Company has a one year low of $30.00 and a one year high of $40.53. 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 business's 50 day simple moving average is $36.97 and its two-hundred day simple moving average is $36.05.
Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.49 EPS for the quarter, beating 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 company had revenue of $341.30 million during the quarter, compared to analyst estimates of $347.32 million. During the same period in the prior year, the business posted $0.43 EPS. The firm's revenue was up 10.6% compared to the same quarter last year. Analysts forecast that The Simply Good Foods Company will post 1.78 EPS for the current year.
Simply Good Foods Profile
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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.
Further Reading
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