34,609 Shares in The Simply Good Foods Company (NASDAQ:SMPL) Bought by J. Goldman & Co LP

J. Goldman & Co LP bought a new position in The Simply Good Foods Company (NASDAQ:SMPL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 34,609 shares of the financial services provider’s stock, valued at approximately $1,349,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in Simply Good Foods by 86.5% during the 4th quarter. FMR LLC now owns 9,566,199 shares of the financial services provider’s stock worth $372,890,000 after buying an additional 4,437,372 shares in the last quarter. Norges Bank bought a new stake in Simply Good Foods during the 4th quarter worth about $44,006,000. Boston Trust Walden Corp lifted 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 buying an additional 722,963 shares in the last quarter. Wellington Management Group LLP lifted 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 buying an additional 674,618 shares in the last quarter. Finally, Boston Partners lifted its position in Simply Good Foods by 109.0% during the 4th quarter. Boston Partners now owns 1,221,285 shares of the financial services provider’s stock worth $47,287,000 after buying an additional 637,038 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Simply Good Foods Stock Up 0.1%

Shares of SMPL opened at $35.87 on Monday. The Simply Good Foods Company has a 52 week low of $31.25 and a 52 week high of $40.53. The firm has a market cap of $3.62 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72. The firm’s 50-day simple moving average is $35.29 and its 200 day simple moving average is $36.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SMPL shares. Morgan Stanley boosted their price target on shares of 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. Mizuho upped their target price on shares of Simply Good Foods from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, April 11th. UBS Group started coverage on shares of Simply Good Foods in a report on Wednesday, April 23rd. They issued a “neutral” rating and a $41.00 target price on the stock. Finally, DA Davidson upped their target price 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Insiders Place Their Bets

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the sale, the senior vice president now owns 12,839 shares in the company, valued at approximately $478,252.75. This trade represents a 28.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 9.35% of the company’s stock.

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.