Mutual of America Capital Management LLC Has $463,000 Position in The Simply Good Foods Company (NASDAQ:SMPL)

Mutual of America Capital Management LLC increased its stake in shares of The Simply Good Foods Company (NASDAQ:SMPLGet Rating) by 5.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,190 shares of the financial services provider’s stock after buying an additional 668 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Simply Good Foods were worth $463,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC grew its position in Simply Good Foods by 18.9% during the first quarter. SG Americas Securities LLC now owns 27,695 shares of the financial services provider’s stock worth $1,051,000 after buying an additional 4,406 shares in the last quarter. Emerald Advisers LLC grew its position in Simply Good Foods by 8.7% during the first quarter. Emerald Advisers LLC now owns 1,239,383 shares of the financial services provider’s stock worth $47,035,000 after buying an additional 99,594 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Simply Good Foods by 10.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 5,060 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 480 shares in the last quarter. Nkcfo LLC acquired a new stake in shares of Simply Good Foods in the 1st quarter valued at $216,000. Finally, TownSquare Capital LLC boosted its holdings in shares of Simply Good Foods by 43.6% in the 1st quarter. TownSquare Capital LLC now owns 18,676 shares of the financial services provider’s stock valued at $709,000 after purchasing an additional 5,667 shares in the last quarter. Institutional investors and hedge funds own 86.72% of the company’s stock.

Simply Good Foods Stock Up 0.4 %

Shares of NASDAQ:SMPL opened at $32.62 on Monday. The firm has a market cap of $3.27 billion, a P/E ratio of 33.63 and a beta of 0.93. The company has a quick ratio of 2.12, a current ratio of 3.05 and a debt-to-equity ratio of 0.28. The Simply Good Foods Company has a 12-month low of $31.77 and a 12-month high of $45.77. The business has a fifty day simple moving average of $37.34 and a 200 day simple moving average of $37.99.

Simply Good Foods (NASDAQ:SMPLGet Rating) last announced its earnings results on Thursday, June 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.09. The business had revenue of $316.50 million during the quarter, compared to analyst estimates 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 for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the company earned $0.43 EPS. Analysts predict that The Simply Good Foods Company will post 1.41 earnings per share for the current year.

Wall Street Analyst Weigh In

SMPL has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on Simply Good Foods from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, July 1st. Seaport Res Ptn reaffirmed a “buy” rating on shares of Simply Good Foods in a report on Friday, July 8th. Citigroup raised their target price on Simply Good Foods from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, April 7th. Mizuho increased their price target on Simply Good Foods from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, April 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Simply Good Foods from $45.00 to $48.00 in a research note on Thursday, April 7th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $45.44.

Simply Good Foods Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Simply Good Foods (NASDAQ:SMPL)

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