Massachusetts Financial Services Co. MA Sells 21,441 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Massachusetts Financial Services Co. MA decreased its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 2.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 887,443 shares of the financial services provider's stock after selling 21,441 shares during the period. Massachusetts Financial Services Co. MA owned about 0.88% of Simply Good Foods worth $30,608,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. FMR LLC grew its position in Simply Good Foods by 86.5% during the 4th quarter. FMR LLC now owns 9,566,199 shares of the financial services provider's stock worth $372,890,000 after purchasing an additional 4,437,372 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in Simply Good Foods by 10.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,811,128 shares of the financial services provider's stock worth $148,558,000 after purchasing an additional 366,072 shares during the period. Dimensional Fund Advisors LP grew its position in Simply Good Foods by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,553,864 shares of the financial services provider's stock worth $138,528,000 after purchasing an additional 90,444 shares during the period. Wellington Management Group LLP boosted its stake in shares of Simply Good Foods by 23.5% during the 4th quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider's stock worth $138,232,000 after acquiring an additional 674,618 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its stake in shares of Simply Good Foods by 1.7% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,916,389 shares of the financial services provider's stock worth $74,701,000 after acquiring an additional 31,855 shares in the last quarter. Institutional investors own 88.45% of the company's stock.

Wall Street Analyst Weigh In

SMPL has been the topic of a number of research reports. Morgan Stanley raised 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 note on Thursday, April 10th. Wall Street Zen cut shares of Simply Good Foods from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. UBS Group set a $36.00 price objective on shares of Simply Good Foods and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Stifel Nicolaus reduced their price target on shares of Simply Good Foods from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, June 27th. Finally, DA Davidson reduced their price target on shares of Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, June 9th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Simply Good Foods currently has an average rating of "Moderate Buy" and a consensus target price of $39.88.

Simply Good Foods Stock Up 0.4%

SMPL stock traded up $0.12 during mid-day trading on Tuesday, hitting $32.87. 2,273,227 shares of the company were exchanged, compared to its average volume of 1,012,107. The company has a market capitalization of $3.30 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 3.21 and a beta of 0.68. The company has a current ratio of 3.95, a quick ratio of 2.46 and a debt-to-equity ratio of 0.14. The Simply Good Foods Company has a twelve month low of $30.47 and a twelve month high of $40.53. The firm has a fifty day simple moving average of $33.51 and a 200 day simple moving average of $35.14.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 10th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. Simply Good Foods had a net margin of 9.97% and a return on equity of 10.29%. The firm had revenue of $380,956 billion for the quarter, compared to the consensus estimate of $381.68 million. During the same period last year, the firm posted $0.50 EPS. Simply Good Foods's quarterly revenue was up 13.8% compared to the same quarter last year. On average, research analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share 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.