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

Strs Ohio boosted its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 2,416.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 108,200 shares of the financial services provider’s stock after buying an additional 103,900 shares during the period. Strs Ohio’s holdings in Simply Good Foods were worth $4,284,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Louisiana State Employees Retirement System purchased a new position in Simply Good Foods in the fourth quarter valued at approximately $1,798,000. Sequoia Financial Advisors LLC purchased a new position in Simply Good Foods in the fourth quarter valued at approximately $231,000. Nisa Investment Advisors LLC raised its holdings in Simply Good Foods by 36.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,565 shares of the financial services provider’s stock valued at $220,000 after buying an additional 1,500 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Simply Good Foods by 4.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,020 shares of the financial services provider’s stock valued at $1,822,000 after buying an additional 2,028 shares during the period. Finally, Fulton Bank N.A. raised its holdings in Simply Good Foods by 8.0% in the fourth quarter. Fulton Bank N.A. now owns 9,278 shares of the financial services provider’s stock valued at $367,000 after buying an additional 684 shares during the period. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Insider Transactions at Simply Good Foods

In other news, Director Robert G. Montgomery sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $39.36, for a total transaction of $98,400.00. Following the completion of the sale, the director now owns 52,738 shares of the company’s stock, valued at $2,075,767.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 10.98% of the company’s stock.

Simply Good Foods Stock Down 1.0 %

SMPL stock opened at $32.41 on Friday. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00. 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 company has a market capitalization of $3.24 billion, a P/E ratio of 23.32, a PEG ratio of 2.42 and a beta of 0.69. The firm has a 50 day simple moving average of $34.00 and a 200-day simple moving average of $36.72.

Wall Street Analysts Forecast Growth

SMPL has been the topic of several research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $42.00 price target (up previously from $41.00) on shares of Simply Good Foods in a report on Tuesday, January 2nd. DA Davidson lowered their price objective on shares of Simply Good Foods from $39.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, April 5th. Needham & Company LLC lowered their price objective on shares of Simply Good Foods from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $42.00 price objective on shares of Simply Good Foods in a research report on Thursday, April 11th. Finally, Stifel Nicolaus lowered their price objective on shares of Simply Good Foods from $48.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $41.17.

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.