Gotham Asset Management LLC Sells 42,428 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Gotham Asset Management LLC decreased its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 78.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,970 shares of the financial services provider's stock after selling 42,428 shares during the period. Gotham Asset Management LLC's holdings in Simply Good Foods were worth $467,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in Simply Good Foods by 50.2% during the fourth quarter. Wells Fargo & Company MN now owns 45,685 shares of the financial services provider's stock valued at $1,781,000 after purchasing an additional 15,275 shares during the period. Smartleaf Asset Management LLC lifted 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 during the period. Moody Aldrich Partners LLC lifted its position in Simply Good Foods by 47.8% during the fourth quarter. Moody Aldrich Partners LLC now owns 141,410 shares of the financial services provider's stock valued at $5,512,000 after purchasing an additional 45,738 shares during the period. Barclays PLC lifted 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 during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Simply Good Foods by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,033,884 shares of the financial services provider's stock worth $40,301,000 after acquiring an additional 43,874 shares during the period. Institutional investors own 88.45% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on SMPL. UBS Group began 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. DA Davidson increased their price target on shares of Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Mizuho increased their price target on shares of Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Friday, April 11th. Finally, Morgan Stanley increased their price target on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

Insider Activity at Simply Good Foods

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the firm's stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 12,839 shares of the company's stock, valued at approximately $478,252.75. This trade represents a 28.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 9.35% of the stock is currently owned by corporate insiders.

Simply Good Foods Stock Down 1.3%

Shares of SMPL stock opened at $36.10 on Tuesday. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 3.23 and a beta of 0.72. The Simply Good Foods Company has a one year low of $31.25 and a one year high of $40.53. The company's fifty day moving average price is $35.32 and its 200-day moving average price is $36.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75.

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, beating the consensus estimate of $0.40 by $0.06. The firm had revenue of $359.70 million for the quarter, compared to the consensus estimate of $354.50 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The company's revenue was up 15.2% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. Sell-side analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

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.

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