The Simply Good Foods Company (NASDAQ:SMPL) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 84.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,679 shares of the financial services provider's stock after selling 137,576 shares during the period. Teacher Retirement System of Texas' holdings in Simply Good Foods were worth $851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SMPL. Raymond James Financial Inc. purchased a new stake in shares of Simply Good Foods during the fourth quarter worth about $1,863,000. Amundi grew its stake in shares of Simply Good Foods by 152.4% during the fourth quarter. Amundi now owns 54,198 shares of the financial services provider's stock worth $1,942,000 after acquiring an additional 32,721 shares during the last quarter. Swiss National Bank grew its stake in shares of Simply Good Foods by 0.7% during the fourth quarter. Swiss National Bank now owns 187,100 shares of the financial services provider's stock worth $7,293,000 after acquiring an additional 1,300 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Simply Good Foods by 6.2% during the fourth quarter. Natixis Advisors LLC now owns 19,984 shares of the financial services provider's stock worth $779,000 after acquiring an additional 1,171 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of Simply Good Foods during the fourth quarter worth about $333,000. Hedge funds and other institutional investors own 88.45% of the company's stock.

Simply Good Foods Stock Performance

SMPL stock traded down $0.46 during midday trading on Friday, hitting $32.90. 265,183 shares of the stock traded hands, compared to its average volume of 1,005,982. The firm has a market cap of $3.31 billion, a P/E ratio of 23.00, a PEG ratio of 3.24 and a beta of 0.68. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.95 and a quick ratio of 2.46. The stock's fifty day simple moving average is $33.58 and its 200-day simple moving average is $35.24. The Simply Good Foods Company has a 1-year low of $30.47 and a 1-year high of $40.53.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Sanford C. Bernstein set a $45.00 target price on Simply Good Foods and gave the company an "outperform" rating in a research report on Friday, July 11th. Mizuho dropped their target price on Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating on the stock in a research report on Tuesday. Citigroup dropped their target price on Simply Good Foods from $43.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, June 18th. Morgan Stanley upped their target price on Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a research report on Thursday, April 10th. Finally, UBS Group set a $36.00 target price on Simply Good Foods and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Simply Good Foods has a consensus rating of "Moderate Buy" and an average target price of $39.88.

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.