Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of The Simply Good Foods Company (NASDAQ:SMPL – Get Rating) by 14.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 72,930 shares of the financial services provider's stock after buying an additional 9,190 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.07% of Simply Good Foods worth $2,768,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in Simply Good Foods by 10.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 5,060 shares of the financial services provider's stock worth $192,000 after buying an additional 480 shares during the period. American Century Companies Inc. acquired a new position in Simply Good Foods during the 4th quarter worth approximately $203,000. KBC Group NV acquired a new position in Simply Good Foods during the 1st quarter worth approximately $212,000. Nkcfo LLC acquired a new position in Simply Good Foods during the 1st quarter worth approximately $216,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Simply Good Foods in the fourth quarter worth approximately $217,000. 87.05% of the stock is owned by institutional investors and hedge funds.
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Wall Street Analyst Weigh In
SMPL has been the subject of several analyst reports. Morgan Stanley lowered their price objective on Simply Good Foods from $41.00 to $39.00 and set an "equal weight" rating for the company in a research note on Friday, July 1st. The Goldman Sachs Group lowered their price objective on Simply Good Foods from $49.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, August 16th. Seaport Res Ptn reissued a "buy" rating on shares of Simply Good Foods in a research note on Friday, July 8th. Finally, Stephens raised Simply Good Foods from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $44.00 to $45.00 in a research note on Monday, June 27th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Simply Good Foods has an average rating of "Moderate Buy" and a consensus target price of $44.78.
Simply Good Foods Stock Performance
Shares of SMPL opened at $29.67 on Thursday. The company has a current ratio of 3.05, a quick ratio of 2.12 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 30.59 and a beta of 0.81. The stock has a 50 day moving average of $33.72 and a 200 day moving average of $37.17. The Simply Good Foods Company has a 12 month low of $29.30 and a 12 month high of $45.77.
Simply Good Foods (NASDAQ:SMPL – Get Rating) last issued its quarterly earnings results on Thursday, June 30th. The financial services provider reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.09. The company had revenue of $316.50 million during the quarter, compared to the consensus estimate of $293.88 million. Simply Good Foods had a return on equity of 11.55% and a net margin of 8.38%. Simply Good Foods's revenue was up 11.4% on a year-over-year basis. During the same period last year, the business posted $0.43 earnings per share. As a group, sell-side analysts forecast that The Simply Good Foods Company will post 1.41 earnings per share for the current year.
Simply Good Foods Profile
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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, pizza, protein chips, recipes, and confectionery products, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names.
Further Reading
- Get a free copy of the StockNews.com research report on Simply Good Foods (SMPL)
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