J. Goldman & Co LP Takes $1.35 Million Position in The Simply Good Foods Company (NASDAQ:SMPL)

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

A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in 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. grew 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 purchasing an additional 366,072 shares during the last quarter. Dimensional Fund Advisors LP grew 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 purchasing an additional 90,444 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Simply Good Foods by 23.5% in the fourth quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider's stock valued at $138,232,000 after purchasing an additional 674,618 shares during the last quarter. Finally, Boston Trust Walden Corp grew its position in shares of Simply Good Foods by 31.3% in the fourth quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider's stock valued at $118,171,000 after purchasing an additional 722,963 shares during the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.

Simply Good Foods Trading Up 1.4%

NASDAQ SMPL traded up $0.52 during mid-day trading on Friday, reaching $36.58. 507,408 shares of the stock were exchanged, compared to its average volume of 924,227. The Simply Good Foods Company has a 1-year low of $31.25 and a 1-year high of $40.53. The business's fifty day simple moving average is $35.30 and its 200 day simple moving average is $36.75. The stock has a market capitalization of $3.70 billion, a PE ratio of 25.94, a PEG ratio of 3.23 and a beta of 0.72. 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 - Get Free Report) last announced 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 net margin of 10.40% and a return on equity of 10.25%. The firm had revenue of $359.70 million for the quarter, compared to analyst estimates of $354.50 million. During the same quarter last year, the business earned $0.40 earnings per share. Simply Good Foods's revenue was up 15.2% compared to the same quarter last year. On average, research analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SMPL shares. Mizuho increased their price target 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 increased their price target on shares of Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a research report on Thursday, April 10th. UBS Group started coverage on shares of Simply Good Foods in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $41.00 price target on the stock. Finally, DA Davidson increased their price target on shares of Simply Good Foods from $35.00 to $41.00 and gave the company a "neutral" rating in a research report on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Simply Good Foods currently has a consensus rating of "Moderate Buy" and an average target price of $41.00.

Insiders Place Their Bets

In other Simply Good Foods 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 transaction, the senior vice president now owns 12,839 shares of the company's stock, valued at $478,252.75. This trade represents a 28.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.35% of the stock is currently owned by insiders.

Simply Good Foods Profile

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.