Wellington Management Group LLP Raises Position in The Simply Good Foods Company (NASDAQ:SMPL)

Wellington Management Group LLP grew its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,546,239 shares of the financial services provider's stock after acquiring an additional 674,618 shares during the quarter. Wellington Management Group LLP owned about 3.51% of Simply Good Foods worth $138,232,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC lifted its holdings in Simply Good Foods by 36.1% in the 3rd quarter. Cerity Partners LLC now owns 24,297 shares of the financial services provider's stock valued at $845,000 after purchasing an additional 6,450 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Simply Good Foods by 5.5% in the third quarter. Glenmede Trust Co. NA now owns 13,452 shares of the financial services provider's stock worth $468,000 after buying an additional 702 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of Simply Good Foods in the third quarter worth about $238,000. Holocene Advisors LP boosted its position in Simply Good Foods by 89.4% during the third quarter. Holocene Advisors LP now owns 64,447 shares of the financial services provider's stock worth $2,241,000 after acquiring an additional 30,416 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in Simply Good Foods by 3.9% during the 3rd quarter. HighTower Advisors LLC now owns 13,504 shares of the financial services provider's stock valued at $473,000 after acquiring an additional 501 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

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Simply Good Foods Stock Up 0.2 %

Simply Good Foods stock traded up $0.05 during mid-day trading on Tuesday, reaching $33.94. 428,794 shares of the company's stock were exchanged, compared to its average volume of 904,374. The company has a fifty day moving average of $36.03 and a 200-day moving average of $36.28. The company has a market cap of $3.43 billion, a P/E ratio of 24.01, a P/E/G ratio of 3.23 and a beta of 0.63. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The Simply Good Foods Company has a twelve month low of $31.25 and a twelve month high of $40.53.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The firm had revenue of $341.30 million during the quarter, compared to analyst estimates of $347.32 million. During the same period last year, the business posted $0.43 earnings per share. Simply Good Foods's revenue was up 10.6% compared to the same quarter last year. Sell-side analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current year.

Analysts Set New Price Targets

SMPL has been the topic of several recent research reports. Morgan Stanley assumed coverage on Simply Good Foods in a report on Monday, March 24th. They set an "equal weight" rating and a $36.00 target price on the stock. Mizuho lowered their price objective on Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $39.56.

About Simply Good Foods

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.