State of New Jersey Common Pension Fund D Sells 5,265 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

State of New Jersey Common Pension Fund D cut its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPLGet Rating) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,733 shares of the financial services provider’s stock after selling 5,265 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.07% of Simply Good Foods worth $2,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMPL. American Century Companies Inc. acquired a new stake in shares of Simply Good Foods in the 4th quarter valued at about $203,000. Nisa Investment Advisors LLC raised its stake 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 during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Simply Good Foods in the 4th quarter valued at about $217,000. RFG Advisory LLC acquired a new stake in shares of Simply Good Foods in the 4th quarter valued at about $229,000. Finally, Advisor Group Holdings Inc. raised its stake in shares of Simply Good Foods by 12.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 5,652 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 641 shares during the period. 86.72% of the stock is currently owned by institutional investors.

Simply Good Foods Price Performance

NASDAQ:SMPL opened at $32.85 on Tuesday. 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 stock’s 50 day moving average price is $37.22 and its two-hundred day moving average price is $37.94. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 33.87 and a beta of 0.80. The Simply Good Foods Company has a 12-month low of $31.77 and a 12-month high of $45.77.

Simply Good Foods (NASDAQ:SMPLGet Rating) last released its quarterly earnings data on Thursday, June 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.09. The firm had revenue of $316.50 million for 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%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. On average, analysts anticipate that The Simply Good Foods Company will post 1.41 earnings per share for the current year.

Analysts Set New Price Targets

SMPL has been the topic of several recent research reports. Mizuho lifted 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. Seaport Res Ptn reiterated a “buy” rating on shares of Simply Good Foods in a report on Friday, July 8th. Stephens upgraded Simply Good Foods from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $44.00 to $45.00 in a report on Monday, June 27th. Citigroup upped their target price on Simply Good Foods from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, April 7th. Finally, The Goldman Sachs Group upped their target price on Simply Good Foods from $45.00 to $50.00 in a report on Thursday, April 7th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Simply Good Foods currently has a consensus rating of “Moderate Buy” and an average price target of $45.44.

About Simply Good Foods

(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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