The Simply Good Foods Company (NASDAQ:SMPL) Holdings Trimmed by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lessened its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,825 shares of the financial services provider’s stock after selling 600 shares during the period. Atria Wealth Solutions Inc.’s holdings in Simply Good Foods were worth $468,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. lifted its stake in Simply Good Foods by 121.5% in the 4th quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 457 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Simply Good Foods by 103.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 433 shares during the period. Blue Trust Inc. lifted its position in shares of Simply Good Foods by 18.8% in the fourth quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 292 shares in the last quarter. Xponance Inc. acquired a new stake in shares of Simply Good Foods during the fourth quarter worth approximately $218,000. Finally, Nisa Investment Advisors LLC grew its position in Simply Good Foods by 36.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,565 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SMPL shares. Stifel Nicolaus cut 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 research report on Thursday, March 28th. Needham & Company LLC reiterated a “buy” rating and set a $41.00 price objective on shares of Simply Good Foods in a report on Tuesday, April 30th. Morgan Stanley restated an “overweight” rating and issued a $42.00 target price on shares of Simply Good Foods in a research note on Thursday, April 11th. Mizuho reaffirmed a “buy” rating and issued a $50.00 target price on shares of Simply Good Foods in a research report on Friday, April 5th. Finally, TD Cowen assumed coverage on Simply Good Foods in a report on Monday, April 22nd. They set a “hold” rating and a $34.00 price target for the company. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Simply Good Foods presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.29.

Simply Good Foods Stock Performance

SMPL opened at $36.77 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.09 and a current ratio of 4.20. The company has a market cap of $3.68 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 2.30 and a beta of 0.65. The stock has a 50-day moving average of $33.90 and a 200-day moving average of $36.91. The Simply Good Foods Company has a 52-week low of $30.00 and a 52-week high of $43.00.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Thursday, April 4th. The financial services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Simply Good Foods had a net margin of 11.12% and a return on equity of 10.12%. As a group, equities research analysts forecast that The Simply Good Foods Company will post 1.71 earnings per share for the current fiscal year.

About Simply Good Foods

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.