Strs Ohio Lowers Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

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

Other large investors have also added to or reduced their stakes in the company. Captrust Financial Advisors raised its stake in Simply Good Foods by 54.7% during the second quarter. Captrust Financial Advisors now owns 1,644 shares of the financial services provider’s stock valued at $62,000 after buying an additional 581 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Simply Good Foods during the first quarter valued at $73,000. Lazard Asset Management LLC purchased a new position in Simply Good Foods during the second quarter valued at $109,000. Dakota Wealth Management purchased a new position in shares of Simply Good Foods in the second quarter worth $200,000. Finally, Secure Asset Management LLC purchased a new position in shares of Simply Good Foods in the third quarter worth $210,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Wall Street Analysts Forecast Growth

SMPL has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price target on Simply Good Foods from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 14th. 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 target for the company. Morgan Stanley decreased their price target on Simply Good Foods from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 6th. Needham & Company LLC started coverage on Simply Good Foods in a report on Tuesday, December 13th. They issued a “buy” rating and a $42.00 price objective for the company. Finally, Credit Suisse Group cut their price objective on Simply Good Foods from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, January 6th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

Simply Good Foods Stock Performance

NASDAQ:SMPL opened at $34.51 on Friday. The stock has a 50-day simple moving average of $37.56 and a two-hundred day simple moving average of $34.93. The Simply Good Foods Company has a 52-week low of $29.21 and a 52-week high of $45.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.88 and a current ratio of 4.42. The firm has a market capitalization of $3.43 billion, a PE ratio of 28.29 and a beta of 0.79.

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