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

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

Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN increased its position in shares of Simply Good Foods by 50.2% in the fourth quarter. Wells Fargo & Company MN now owns 45,685 shares of the financial services provider's stock worth $1,781,000 after acquiring an additional 15,275 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Simply Good Foods by 255.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock valued at $66,000 after purchasing an additional 1,229 shares in the last quarter. Barclays PLC grew its position in Simply Good Foods by 396.7% during the third quarter. Barclays PLC now owns 165,201 shares of the financial services provider's stock valued at $5,744,000 after purchasing an additional 131,939 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Simply Good Foods by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,033,884 shares of the financial services provider's stock valued at $40,301,000 after purchasing an additional 43,874 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Simply Good Foods in the fourth quarter valued at approximately $217,000. 88.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the company's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $37.25, for a total value of $186,250.00. Following the completion of the sale, the senior vice president now owns 12,839 shares of the company's stock, valued at approximately $478,252.75. This represents a 28.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.35% of the company's stock.

Analyst Upgrades and Downgrades

SMPL has been the subject of several research analyst reports. 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 research note on Friday, April 11th. Wall Street Zen upgraded shares of Simply Good Foods from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Mizuho raised their price objective 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 raised their target price on shares of Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a research note on Thursday, April 10th. Finally, UBS Group began coverage on shares of Simply Good Foods in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $41.00 target price on the stock. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

Simply Good Foods Price Performance

Shares of SMPL stock traded down $0.17 on Friday, reaching $33.17. The company had a trading volume of 1,611,798 shares, compared to its average volume of 940,777. The stock has a market capitalization of $3.35 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The Simply Good Foods Company has a one year low of $31.25 and a one year high of $40.53. The business's 50-day moving average is $35.47 and its 200 day moving average is $36.58.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, topping the consensus estimate 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 company had revenue of $359.70 million during the quarter, compared to the consensus estimate of $354.50 million. During the same quarter last year, the firm posted $0.40 EPS. The company's quarterly revenue was up 15.2% on a year-over-year basis. Equities research analysts forecast that The Simply Good Foods Company will post 1.78 EPS for the current fiscal 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.