The Simply Good Foods Company (NASDAQ:SMPL) Shares Sold by Arizona State Retirement System

Arizona State Retirement System trimmed its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,437 shares of the financial services provider’s stock after selling 490 shares during the period. Arizona State Retirement System’s holdings in Simply Good Foods were worth $1,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SMPL. Norges Bank purchased a new stake in Simply Good Foods during the 4th quarter worth about $34,541,000. FMR LLC lifted its holdings in shares of Simply Good Foods by 42.3% in the 3rd quarter. FMR LLC now owns 2,761,132 shares of the financial services provider’s stock valued at $95,314,000 after purchasing an additional 820,801 shares during the last quarter. Scopus Asset Management L.P. lifted its holdings in shares of Simply Good Foods by 174.3% in the 1st quarter. Scopus Asset Management L.P. now owns 1,200,000 shares of the financial services provider’s stock valued at $47,724,000 after purchasing an additional 762,500 shares during the last quarter. Morgan Stanley raised its stake in Simply Good Foods by 105.3% during the 3rd quarter. Morgan Stanley now owns 1,354,258 shares of the financial services provider’s stock valued at $46,749,000 after acquiring an additional 694,542 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in Simply Good Foods by 22.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,106,381 shares of the financial services provider’s stock valued at $118,136,000 after acquiring an additional 559,980 shares during the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SMPL has been the subject of several analyst reports. Mizuho reaffirmed a “buy” rating and set a $50.00 price objective on shares of Simply Good Foods in a research note on Friday, April 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $42.00 price objective (up from $41.00) on shares of Simply Good Foods in a research note on Tuesday, January 2nd. DA Davidson reduced their price objective on Simply Good Foods from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, April 5th. Needham & Company LLC reduced their price objective on Simply Good Foods from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Finally, Stifel Nicolaus reduced their price objective on Simply Good Foods from $48.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.17.

Simply Good Foods Stock Performance

NASDAQ SMPL opened at $31.75 on Tuesday. The company has a current ratio of 4.20, a quick ratio of 3.09 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $34.22 and its two-hundred day moving average is $36.79. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $43.00. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 2.36 and a beta of 0.69.

Insiders Place Their Bets

In other Simply Good Foods news, Director Robert G. Montgomery sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $39.36, for a total transaction of $98,400.00. Following the transaction, the director now owns 52,738 shares in the company, valued at approximately $2,075,767.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.98% of the stock is currently owned by insiders.

Simply Good Foods Company Profile

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, protein chips, and recipes under the Atkins and Quest brand names.