California State Teachers Retirement System Buys 11,678 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

California State Teachers Retirement System grew its position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,388 shares of the financial services provider's stock after buying an additional 11,678 shares during the quarter. California State Teachers Retirement System owned 0.10% of Simply Good Foods worth $3,952,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd purchased a new stake in Simply Good Foods during the fourth quarter worth about $26,000. CIBC Private Wealth Group LLC grew its position in shares of Simply Good Foods by 72.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 445 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Simply Good Foods by 255.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock worth $66,000 after purchasing an additional 1,229 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Simply Good Foods by 13.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock worth $98,000 after purchasing an additional 300 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in Simply Good Foods by 119.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider's stock valued at $112,000 after purchasing an additional 1,555 shares during the last quarter. Hedge funds and other institutional investors own 88.45% of the company's stock.

Simply Good Foods Price Performance

Shares of SMPL traded down $0.41 during midday trading on Friday, hitting $32.93. 781,761 shares of the company traded hands, compared to its average volume of 933,679. The Simply Good Foods Company has a one year low of $31.25 and a one year high of $40.53. The firm has a market cap of $3.33 billion, a P/E ratio of 23.36, a PEG ratio of 3.23 and a beta of 0.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75. The stock has a 50-day moving average of $35.50 and a 200-day moving average of $36.61.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share 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 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 firm posted $0.40 EPS. Simply Good Foods's revenue was up 15.2% on a year-over-year basis. As a group, sell-side analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Insider Transactions at Simply Good Foods

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the completion of the transaction, the senior vice president now owns 12,839 shares of the company's stock, valued at approximately $478,252.75. The trade was a 28.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SMPL. UBS Group assumed coverage on Simply Good Foods in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $41.00 target price for the company. Wall Street Zen raised Simply Good Foods from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Mizuho upped their price objective 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. DA Davidson lifted their target price on shares of Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. Finally, Morgan Stanley boosted 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $41.00.

Simply Good Foods Company 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.