30,563 Shares in The Simply Good Foods Company (NASDAQ:SMPL) Acquired by South Dakota Investment Council

South Dakota Investment Council bought a new stake in The Simply Good Foods Company (NASDAQ:SMPL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 30,563 shares of the financial services provider’s stock, valued at approximately $1,191,000.

Several other hedge funds have also recently added to or reduced their stakes in SMPL. Massachusetts Financial Services Co. MA bought a new position in shares of Simply Good Foods in the third quarter valued at approximately $27,391,000. Mutual of America Capital Management LLC lifted its position in Simply Good Foods by 21.0% in the third quarter. Mutual of America Capital Management LLC now owns 187,549 shares of the financial services provider’s stock worth $6,521,000 after purchasing an additional 32,561 shares during the period. Quest Partners LLC boosted its stake in Simply Good Foods by 65.0% during the 3rd quarter. Quest Partners LLC now owns 41,277 shares of the financial services provider’s stock valued at $1,435,000 after purchasing an additional 16,268 shares in the last quarter. Tidal Investments LLC increased its position in shares of Simply Good Foods by 42.7% during the 3rd quarter. Tidal Investments LLC now owns 51,664 shares of the financial services provider’s stock valued at $1,796,000 after purchasing an additional 15,455 shares during the period. Finally, FMR LLC raised its stake in shares of Simply Good Foods by 20.0% in the 3rd quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock worth $178,329,000 after buying an additional 855,070 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on SMPL shares. Citigroup decreased their target price on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Mizuho reduced their price objective on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Simply Good Foods has a consensus rating of “Moderate Buy” and a consensus price target of $40.22.

Simply Good Foods Trading Up 0.5 %

Shares of SMPL opened at $37.31 on Monday. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $40.53. The stock has a market capitalization of $3.77 billion, a P/E ratio of 26.46, a P/E/G ratio of 3.23 and a beta of 0.65. The business’s 50-day moving average price is $37.38 and its 200 day moving average price is $35.78.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.06. The business had revenue of $341.30 million for the quarter, compared to the consensus estimate of $347.32 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. Analysts expect 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.