Millennium Management LLC Sells 37,536 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Millennium Management LLC lowered its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 350,483 shares of the financial services provider's stock after selling 37,536 shares during the quarter. Millennium Management LLC owned about 0.35% of Simply Good Foods worth $13,662,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its position 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 worth $98,000 after purchasing an additional 300 shares in the last quarter. LPL Financial LLC grew its stake in Simply Good Foods by 3.3% in the 4th quarter. LPL Financial LLC now owns 9,890 shares of the financial services provider's stock worth $386,000 after acquiring an additional 315 shares during the period. Pictet Asset Management Holding SA grew its stake in Simply Good Foods by 2.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 11,338 shares of the financial services provider's stock worth $442,000 after acquiring an additional 324 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Simply Good Foods by 72.4% in 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 buying an additional 445 shares during the period. Finally, Summit Investment Advisors Inc. grew its holdings in Simply Good Foods by 5.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 9,549 shares of the financial services provider's stock valued at $372,000 after buying an additional 480 shares during the period. 88.45% of the stock is owned by institutional investors and hedge funds.

Simply Good Foods Stock Performance

SMPL traded down $0.35 during midday trading on Wednesday, reaching $34.56. The company's stock had a trading volume of 51,897 shares, compared to its average volume of 923,310. The Simply Good Foods Company has a twelve month low of $31.25 and a twelve month high of $40.53. The stock has a market cap of $3.49 billion, a P/E ratio of 24.50, a PEG ratio of 3.23 and a beta of 0.72. The company has a fifty day simple moving average of $35.43 and a 200 day simple moving average of $36.75. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20.

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 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The company had revenue of $359.70 million for the quarter, compared to analyst estimates of $354.50 million. During the same quarter last year, the firm earned $0.40 EPS. Simply Good Foods's revenue for the quarter was up 15.2% compared to the same quarter last year. Research analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on SMPL shares. UBS Group started coverage on Simply Good Foods in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $41.00 price target for the company. Morgan Stanley boosted their target price on Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. DA Davidson lifted their target price on shares of Simply Good Foods from $35.00 to $41.00 and gave the company a "neutral" rating in a report on Friday, April 11th. Mizuho upped their price target on Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, April 11th. Finally, Wall Street Zen upgraded Simply Good Foods from a "hold" rating to a "buy" rating in a research note on Saturday. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

Insider Activity at Simply Good Foods

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $37.25, for a total value of $186,250.00. Following the sale, the senior vice president now owns 12,839 shares of the company's stock, valued at $478,252.75. The trade was a 28.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.35% of the stock is owned by insiders.

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.