Strs Ohio Decreases Stake in The Simply Good Foods Company (NASDAQ:SMPL)

Strs Ohio reduced its position in The Simply Good Foods Company (NASDAQ:SMPLGet Rating) by 66.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,200 shares of the financial services provider’s stock after selling 4,400 shares during the period. Strs Ohio’s holdings in Simply Good Foods were worth $70,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Simply Good Foods by 22.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 341,871 shares of the financial services provider’s stock valued at $10,936,000 after purchasing an additional 62,420 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Simply Good Foods in the 3rd quarter valued at approximately $1,305,000. Secure Asset Management LLC bought a new stake in shares of Simply Good Foods in the 3rd quarter valued at approximately $210,000. Csenge Advisory Group lifted its stake in shares of Simply Good Foods by 7.0% in the 3rd quarter. Csenge Advisory Group now owns 18,647 shares of the financial services provider’s stock valued at $597,000 after purchasing an additional 1,213 shares during the last quarter. Finally, Fulton Bank N.A. bought a new stake in shares of Simply Good Foods in the 3rd quarter valued at approximately $220,000. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SMPL has been the subject of several analyst reports. Cowen initiated coverage on Simply Good Foods in a research note on Wednesday, December 14th. They issued a “market perform” rating and a $42.00 price objective for the company. Cowen began coverage on Simply Good Foods in a research note on Wednesday, December 14th. They set a “market perform” rating and a $42.00 price target for the company. Needham & Company LLC began coverage on Simply Good Foods in a research note on Tuesday, December 13th. They set a “buy” rating and a $42.00 price target for the company. Stephens decreased their price target on Simply Good Foods from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, October 12th. Finally, Mizuho decreased their price target on Simply Good Foods from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, October 24th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Simply Good Foods presently has an average rating of “Moderate Buy” and a consensus price target of $42.00.

Simply Good Foods Trading Down 0.1 %

SMPL opened at $34.51 on Friday. The Simply Good Foods Company has a 52 week low of $29.21 and a 52 week high of $45.77. The stock’s fifty day moving average is $37.56 and its two-hundred day moving average is $34.93. The company has a market capitalization of $3.43 billion, a P/E ratio of 28.29 and a beta of 0.79. The company has a quick ratio of 2.88, a current ratio of 4.42 and a debt-to-equity ratio of 0.27.

Simply Good Foods (NASDAQ:SMPLGet Rating) last announced its quarterly earnings results on Friday, October 21st. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. Simply Good Foods had a return on equity of 10.75% and a net margin of 10.38%. The business had revenue of $274.20 million for the quarter, compared to the consensus estimate of $260.81 million. During the same period last year, the business posted $0.29 EPS. The business’s revenue was up 5.6% compared to the same quarter last year. Analysts forecast that The Simply Good Foods Company will post 1.56 earnings per share for the current year.

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, pizzas, protein chips, and recipes, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names.

See Also

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

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