Invesco Ltd. Increases Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Invesco Ltd. boosted its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 402,372 shares of the financial services provider’s stock after buying an additional 11,197 shares during the period. Invesco Ltd. owned 0.40% of Simply Good Foods worth $15,684,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in shares of Simply Good Foods by 13.6% during the 4th quarter. Bank of Montreal Can now owns 11,272 shares of the financial services provider’s stock valued at $439,000 after acquiring an additional 1,349 shares during the last quarter. FMR LLC raised its stake in Simply Good Foods by 86.5% during the fourth quarter. FMR LLC now owns 9,566,199 shares of the financial services provider’s stock worth $372,890,000 after purchasing an additional 4,437,372 shares during the period. Quadrant Capital Group LLC boosted its holdings in Simply Good Foods by 13.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 300 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Simply Good Foods by 5.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 163,180 shares of the financial services provider’s stock valued at $6,361,000 after buying an additional 8,041 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Simply Good Foods by 50.2% during the 4th quarter. Wells Fargo & Company MN now owns 45,685 shares of the financial services provider’s stock worth $1,781,000 after buying an additional 15,275 shares during the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Simply Good Foods

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of Simply Good Foods stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $37.25, for a total value of $186,250.00. Following the completion of the transaction, the senior vice president now owns 12,839 shares in the company, valued at $478,252.75. The trade was a 28.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.35% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on SMPL shares. Mizuho increased their price objective on Simply Good Foods from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, April 11th. Morgan Stanley raised their price objective on Simply Good Foods from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 10th. Finally, DA Davidson boosted their price objective on shares of Simply Good Foods from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, April 11th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.22.

Simply Good Foods Trading Up 2.2 %

Shares of SMPL stock opened at $37.31 on Monday. The stock has a market capitalization of $3.77 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63. The Simply Good Foods Company has a fifty-two week low of $31.25 and a fifty-two week high of $40.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. The company has a 50 day moving average price of $35.74 and a 200 day moving average price of $36.42.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The business had revenue of $359.70 million for the quarter, compared to analyst estimates of $354.50 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The company’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 earnings per share. Equities research analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Simply Good Foods 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.