Teacher Retirement System of Texas Sells 137,576 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Teacher Retirement System of Texas lessened its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 84.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,679 shares of the financial services provider’s stock after selling 137,576 shares during the period. Teacher Retirement System of Texas’ holdings in Simply Good Foods were worth $851,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. FMR LLC grew its holdings in Simply Good Foods by 86.5% in the 4th 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. Norges Bank acquired a new stake in shares of Simply Good Foods during the 4th quarter worth $44,006,000. Wellington Management Group LLP grew its holdings in shares of 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. Boston Partners increased its position in shares of Simply Good Foods by 109.0% in the fourth quarter. Boston Partners now owns 1,221,285 shares of the financial services provider’s stock worth $47,287,000 after purchasing an additional 637,038 shares during the period. Finally, Balyasny Asset Management L.P. raised its stake in Simply Good Foods by 3,306.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 460,827 shares of the financial services provider’s stock valued at $17,963,000 after purchasing an additional 447,300 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Price Performance

SMPL opened at $34.05 on Tuesday. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 3.01 and a beta of 0.68. The Simply Good Foods Company has a 1 year low of $30.47 and a 1 year high of $40.53. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.95 and a quick ratio of 2.46. The firm’s fifty day moving average price is $33.79 and its two-hundred day moving average price is $35.34.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, July 10th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. Simply Good Foods had a net margin of 9.97% and a return on equity of 10.29%. The company had revenue of $380,956 billion for the quarter, compared to the consensus estimate of $381.68 million. During the same period in the previous year, the firm earned $0.50 EPS. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SMPL. Citigroup reduced their price objective on shares of Simply Good Foods from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, June 18th. Stifel Nicolaus reduced their price target on shares of Simply Good Foods from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, June 27th. Mizuho boosted their price objective on shares of Simply Good Foods from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, April 11th. Morgan Stanley upped their target price on Simply Good Foods from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 10th. Finally, DA Davidson decreased their price target on Simply Good Foods from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, June 9th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.38.

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.