Massachusetts Financial Services Co. MA Has $30.61 Million Position in The Simply Good Foods Company (NASDAQ:SMPL)

Massachusetts Financial Services Co. MA reduced its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and 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 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. CIBC Private Wealth Group LLC increased its holdings 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 last quarter. Quadrant Capital Group LLC increased its holdings in shares of Simply Good Foods by 13.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock valued at $98,000 after acquiring an additional 300 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Simply Good Foods by 24.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,808 shares of the financial services provider's stock valued at $131,000 after acquiring an additional 754 shares during the last quarter. Covestor Ltd grew its holdings in Simply Good Foods by 45.2% in the 4th quarter. Covestor Ltd now owns 4,869 shares of the financial services provider's stock valued at $190,000 after buying an additional 1,515 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Simply Good Foods in the 4th quarter valued at approximately $206,000. 88.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on SMPL. Morgan Stanley raised their target price on Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Sanford C. Bernstein set a $45.00 price objective on Simply Good Foods and gave the stock an "outperform" rating in a research report on Friday, July 11th. DA Davidson reduced their price objective on 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. Citigroup reduced their price objective on Simply Good Foods from $43.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, June 18th. Finally, Mizuho cut their target price on Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating for the company in a research report on Tuesday, July 15th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Simply Good Foods currently has an average rating of "Moderate Buy" and a consensus price target of $39.88.

Simply Good Foods Stock Down 1.9%

Shares of SMPL stock traded down $0.63 on Friday, hitting $32.73. 832,703 shares of the stock were exchanged, compared to its average volume of 1,007,092. 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 firm has a market capitalization of $3.29 billion, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 3.21 and a beta of 0.68. The business has a 50-day moving average of $33.51 and a 200 day moving average of $35.17. The Simply Good Foods Company has a fifty-two week low of $30.47 and a fifty-two week high of $40.53.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. Simply Good Foods had a return on equity of 10.29% and a net margin of 9.97%. The firm had revenue of $380,956 billion for the quarter, compared to the consensus estimate of $381.68 million. During the same quarter in the previous year, the business earned $0.50 earnings per share. The business's revenue was up 13.8% compared to the same quarter last year. Equities analysts anticipate that The Simply Good Foods Company will post 1.78 EPS for the current 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.