The Simply Good Foods Company (NASDAQ:SMPL) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,200 shares of the financial services provider’s stock after selling 857 shares during the quarter. New York State Common Retirement Fund’s holdings in Simply Good Foods were worth $1,434,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Simply Good Foods by 2.4% during the third quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider’s stock worth $379,461,000 after purchasing an additional 259,144 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Simply Good Foods by 79.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 57,914 shares of the financial services provider’s stock valued at $1,999,000 after buying an additional 25,650 shares during the period. Assenagon Asset Management S.A. acquired a new position in Simply Good Foods during the 3rd quarter worth approximately $2,877,000. Diversified Trust Co boosted its holdings in Simply Good Foods by 7.5% in the 4th quarter. Diversified Trust Co now owns 20,793 shares of the financial services provider’s stock worth $823,000 after acquiring an additional 1,453 shares during the period. Finally, Rhumbline Advisers grew its position in Simply Good Foods by 4.0% in the third quarter. Rhumbline Advisers now owns 259,500 shares of the financial services provider’s stock valued at $8,958,000 after acquiring an additional 10,073 shares in the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.

Simply Good Foods Price Performance

SMPL opened at $37.58 on Friday. The company has a market capitalization of $3.76 billion, a P/E ratio of 27.04, a PEG ratio of 2.30 and a beta of 0.65. The company has a 50-day moving average of $34.03 and a 200-day moving average of $36.95. 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 Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $43.00.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Thursday, April 4th. The financial services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. Simply Good Foods had a return on equity of 10.12% and a net margin of 11.12%. Equities analysts expect that The Simply Good Foods Company will post 1.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SMPL shares. TD Cowen began coverage on shares of Simply Good Foods in a research report on Monday, April 22nd. They set a “hold” rating and a $34.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $41.00 price objective on shares of Simply Good Foods in a report on Tuesday, April 30th. Mizuho reissued a “buy” rating and issued a $50.00 price objective on shares of Simply Good Foods in a research report on Friday, April 5th. DA Davidson lifted their target price on Simply Good Foods from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus reduced their price target on Simply Good Foods from $48.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.29.

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.