Nuveen Asset Management LLC Has $14.57 Million Stock Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Nuveen Asset Management LLC decreased its position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 373,847 shares of the financial services provider's stock after selling 17,986 shares during the period. Nuveen Asset Management LLC owned about 0.37% of Simply Good Foods worth $14,573,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of SMPL. FMR LLC increased its stake in shares of Simply Good Foods by 86.5% in the fourth quarter. FMR LLC now owns 9,566,199 shares of the financial services provider's stock valued at $372,890,000 after buying an additional 4,437,372 shares in the last quarter. Norges Bank bought a new position in Simply Good Foods in the 4th quarter worth approximately $44,006,000. Boston Trust Walden Corp boosted its position in Simply Good Foods by 31.3% in the 4th quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider's stock valued at $118,171,000 after buying an additional 722,963 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Simply Good Foods by 23.5% in the 4th quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider's stock valued at $138,232,000 after buying an additional 674,618 shares during the period. Finally, Boston Partners boosted its holdings in Simply Good Foods by 109.0% during the fourth quarter. Boston Partners now owns 1,221,285 shares of the financial services provider's stock worth $47,287,000 after buying an additional 637,038 shares during the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SMPL shares. UBS Group started coverage on shares of Simply Good Foods in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $41.00 price target on the stock. Mizuho increased their target price on shares of Simply Good Foods from $45.00 to $47.00 and gave the company an "outperform" rating in a report on Friday, April 11th. Morgan Stanley raised their price objective on shares of 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 upped their price objective on Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Finally, Wall Street Zen upgraded shares of Simply Good Foods from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Simply Good Foods has a consensus rating of "Moderate Buy" and an average target price of $41.00.

Insider Transactions at Simply Good Foods

In related 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 sale, the senior vice president now directly owns 12,839 shares of the company's stock, valued at $478,252.75. This 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. Insiders own 9.35% of the company's stock.

Simply Good Foods Stock Performance

Simply Good Foods stock traded down $0.06 during trading hours on Friday, hitting $34.37. 85,453 shares of the stock traded hands, compared to its average volume of 995,676. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 3.23 and a beta of 0.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75. The firm's 50 day moving average price is $35.48 and its 200-day moving average price is $36.71. The Simply Good Foods Company has a 1 year low of $31.25 and a 1 year high of $40.53.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $354.50 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company's revenue for the quarter was up 15.2% on a year-over-year basis. As a group, equities analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Simply Good Foods 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.