Mirae Asset Global Investments Co. Ltd. Has $1.82 Million Stake in The Simply Good Foods Company (NASDAQ:SMPL)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 46,020 shares of the financial services provider’s stock after acquiring an additional 2,028 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Simply Good Foods were worth $1,822,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SMPL. Norges Bank bought a new position in shares of Simply Good Foods in the 4th quarter valued at about $34,541,000. FMR LLC grew its position 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 acquiring an additional 820,801 shares during the period. Scopus Asset Management L.P. grew its position 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 acquiring an additional 762,500 shares during the period. Morgan Stanley grew its position in shares of Simply Good Foods by 105.3% in 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 period. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of Simply Good Foods by 22.0% in 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 period. Institutional investors and hedge funds own 88.45% of the company’s stock.

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 shares were sold at an average price of $39.36, for a total transaction of $98,400.00. Following the sale, the director now directly owns 52,738 shares of the company’s stock, valued at approximately $2,075,767.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.98% of the company’s stock.

Simply Good Foods Trading Up 2.3 %

Shares of Simply Good Foods stock opened at $33.17 on Friday. The firm has a market capitalization of $3.32 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 2.40 and a beta of 0.69. 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 firm’s 50 day moving average is $33.96 and its 200 day moving average is $36.74. The Simply Good Foods Company has a 1 year low of $30.00 and a 1 year high of $43.00.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SMPL shares. DA Davidson decreased 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. Morgan Stanley reaffirmed an “overweight” rating and set a $42.00 target price on shares of Simply Good Foods in a report on Thursday, April 11th. Stifel Nicolaus reduced their target price on shares of Simply Good Foods from $48.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Mizuho reaffirmed a “buy” rating and set a $50.00 target price on shares of Simply Good Foods in a report on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $42.00 target price (up previously from $41.00) on shares of Simply Good Foods in a report on Tuesday, January 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.