Teacher Retirement System of Texas trimmed its position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 84.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,679 shares of the financial services provider's stock after selling 137,576 shares during the quarter. Teacher Retirement System of Texas' holdings in Simply Good Foods were worth $851,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. CIBC Private Wealth Group LLC increased 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 worth $38,000 after buying an additional 445 shares during the period. Quadrant Capital Group LLC grew its stake 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 during the period. Covestor Ltd grew its stake in shares of Simply Good Foods by 45.2% during the 4th quarter. Covestor Ltd now owns 4,869 shares of the financial services provider's stock worth $190,000 after purchasing an additional 1,515 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Simply Good Foods in the 4th quarter valued at $206,000. Finally, PharVision Advisers LLC acquired a new stake in Simply Good Foods in the 4th quarter valued at $208,000. 88.45% of the stock is owned by hedge funds and other institutional investors.
Simply Good Foods Price Performance
SMPL stock traded down $0.99 on Tuesday, reaching $33.06. 1,507,038 shares of the company's stock were exchanged, compared to its average volume of 1,007,650. The company has a quick ratio of 2.46, a current ratio of 3.95 and a debt-to-equity ratio of 0.14. The firm has a market cap of $3.32 billion, a PE ratio of 23.12, a P/E/G ratio of 3.01 and a beta of 0.68. The Simply Good Foods Company has a twelve month low of $30.47 and a twelve month high of $40.53. The stock has a fifty day moving average of $33.79 and a 200-day moving average of $35.34.
Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings data on Thursday, July 10th. The financial services provider reported $0.51 EPS for the quarter, beating 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 business had revenue of $380,956 billion for the quarter, compared to analyst estimates of $381.68 million. During the same quarter last year, the company earned $0.50 earnings per share. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, equities analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have weighed in on SMPL shares. Citigroup decreased their price objective on Simply Good Foods from $43.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, June 18th. Stifel Nicolaus decreased their price objective on Simply Good Foods from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, June 27th. UBS Group set a $36.00 price target on Simply Good Foods and gave the stock a "neutral" rating in a report on Tuesday, July 1st. DA Davidson reduced their price target on Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. Finally, Morgan Stanley lifted their price target 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. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Simply Good Foods presently has a consensus rating of "Moderate Buy" and an average target price of $39.88.
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About Simply Good Foods
(
Free Report)
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.
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