Nuveen Asset Management LLC Reduces Stock Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Nuveen Asset Management LLC lowered its position in The Simply Good Foods Company (NASDAQ:SMPL) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 373,847 shares of the financial services provider’s stock after selling 17,986 shares during the quarter. Nuveen Asset Management LLC owned 0.37% of Simply Good Foods worth $14,573,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. FMR LLC increased its position in shares of Simply Good Foods by 86.5% in the fourth quarter. FMR LLC now owns 9,566,199 shares of the financial services provider’s stock valued at $372,890,000 after buying an additional 4,437,372 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Simply Good Foods by 10.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,811,128 shares of the financial services provider’s stock valued at $148,558,000 after buying an additional 366,072 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Simply Good Foods by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,553,864 shares of the financial services provider’s stock valued at $138,528,000 after buying an additional 90,444 shares in the last quarter. Wellington Management Group LLP increased its position in Simply Good Foods by 23.5% during the 4th quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider’s stock worth $138,232,000 after purchasing an additional 674,618 shares in the last quarter. Finally, Boston Trust Walden Corp increased its position in Simply Good Foods by 31.3% during the 4th quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider’s stock worth $118,171,000 after purchasing an additional 722,963 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Analyst Upgrades and Downgrades

SMPL has been the subject of several analyst reports. Morgan Stanley boosted their target price on shares of Simply Good Foods from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Thursday, April 10th. UBS Group initiated coverage on shares of Simply Good Foods in a research note on Wednesday, April 23rd. They issued a “neutral” rating and a $41.00 target price for the company. Mizuho boosted their target price on shares of Simply Good Foods from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, April 11th. DA Davidson boosted their target price on shares of Simply Good Foods from $35.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, April 11th. Finally, Wall Street Zen raised shares of Simply Good Foods from a “hold” rating to a “buy” rating in a research note on Saturday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Simply Good Foods presently has an average rating of “Moderate Buy” and an average price target of $41.00.

Insider Transactions at Simply Good Foods

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was 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. This represents a 28.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.35% of the company’s stock.

Simply Good Foods Trading Up 0.2%

NASDAQ SMPL opened at $34.41 on Monday. The Simply Good Foods Company has a 12 month low of $31.25 and a 12 month high of $40.53. The company has a 50-day moving average of $35.38 and a 200-day moving average of $36.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75. The company has a market cap of $3.48 billion, a P/E ratio of 24.40, a P/E/G ratio of 3.23 and a beta of 0.72.

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