ProShare Advisors LLC Has $1.12 Million Position in The Simply Good Foods Company (NASDAQ:SMPL)

ProShare Advisors LLC increased its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 41.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 28,624 shares of the financial services provider's stock after purchasing an additional 8,415 shares during the period. ProShare Advisors LLC's holdings in Simply Good Foods were worth $1,116,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SMPL. Wells Fargo & Company MN lifted its position in Simply Good Foods by 50.2% during the 4th quarter. Wells Fargo & Company MN now owns 45,685 shares of the financial services provider's stock worth $1,781,000 after acquiring an additional 15,275 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Simply Good Foods by 255.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock valued at $66,000 after acquiring an additional 1,229 shares during the period. Moody Aldrich Partners LLC grew its stake in shares of Simply Good Foods by 47.8% in the fourth quarter. Moody Aldrich Partners LLC now owns 141,410 shares of the financial services provider's stock worth $5,512,000 after acquiring an additional 45,738 shares during the last quarter. Barclays PLC raised its stake in Simply Good Foods by 396.7% during the 3rd quarter. Barclays PLC now owns 165,201 shares of the financial services provider's stock valued at $5,744,000 after purchasing an additional 131,939 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Simply Good Foods by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,033,884 shares of the financial services provider's stock valued at $40,301,000 after purchasing an additional 43,874 shares during the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other 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 transaction of $186,250.00. Following the completion of the sale, the senior vice president now owns 12,839 shares in the company, valued at $478,252.75. The trade was a 28.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 9.35% of the company's stock.

Simply Good Foods Price Performance

Shares of Simply Good Foods stock traded down $0.38 during mid-day trading on Wednesday, reaching $34.52. 77,715 shares of the stock were exchanged, compared to its average volume of 923,407. The Simply Good Foods Company has a fifty-two week low of $31.25 and a fifty-two week high of $40.53. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72. The firm has a 50-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 posted its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $359.70 million during the quarter, compared to analysts' expectations of $354.50 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. Simply Good Foods's quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. On average, sell-side analysts predict 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.