Redwood Investments LLC raised its holdings in shares of Simply Good Foods Co (NASDAQ:SMPL) by 19.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 809,234 shares of the financial services provider’s stock after purchasing an additional 129,194 shares during the period. Redwood Investments LLC’s holdings in Simply Good Foods were worth $16,662,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. FMR LLC lifted its position in Simply Good Foods by 1.1% during the 4th quarter. FMR LLC now owns 7,254,306 shares of the financial services provider’s stock valued at $137,106,000 after purchasing an additional 78,505 shares during the period. BlackRock Inc. increased its stake in shares of Simply Good Foods by 9.3% in the 4th quarter. BlackRock Inc. now owns 4,310,881 shares of the financial services provider’s stock valued at $81,477,000 after acquiring an additional 366,590 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Simply Good Foods by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,697,086 shares of the financial services provider’s stock valued at $52,458,000 after acquiring an additional 63,953 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Simply Good Foods by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 2,697,086 shares of the financial services provider’s stock valued at $52,458,000 after acquiring an additional 63,953 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Simply Good Foods by 0.6% in the 1st quarter. Victory Capital Management Inc. now owns 1,417,149 shares of the financial services provider’s stock valued at $29,179,000 after acquiring an additional 8,515 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.
Shares of SMPL stock traded down $0.06 on Friday, reaching $22.21. The company had a trading volume of 110 shares, compared to its average volume of 309,975. The company has a debt-to-equity ratio of 0.23, a current ratio of 9.17 and a quick ratio of 7.85. The stock has a market cap of $1.83 billion, a PE ratio of 38.21 and a beta of 0.73. Simply Good Foods Co has a 12 month low of $12.96 and a 12 month high of $23.29.
Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Thursday, April 4th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Simply Good Foods had a return on equity of 6.34% and a net margin of 10.17%. The business had revenue of $123.80 million during the quarter, compared to analysts’ expectations of $121.91 million. Simply Good Foods’s revenue was up 13.3% on a year-over-year basis. As a group, research analysts anticipate that Simply Good Foods Co will post 0.64 earnings per share for the current year.
A number of analysts have recently commented on the company. SunTrust Banks cut Simply Good Foods from a “buy” rating to a “hold” rating and lowered their price target for the company from $25.00 to $23.00 in a research note on Tuesday, April 9th. They noted that the move was a valuation call. Zacks Investment Research cut Simply Good Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Finally, Buckingham Research upped their price target on Simply Good Foods from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $23.00.
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Simply Good Foods Company Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
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