Victory Capital Management Inc. Boosts Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Victory Capital Management Inc. raised its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 52.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,539,208 shares of the financial services provider's stock after purchasing an additional 527,089 shares during the quarter. Victory Capital Management Inc. owned 1.52% of Simply Good Foods worth $53,087,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its holdings 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 worth $372,890,000 after buying an additional 4,437,372 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Simply Good Foods by 10.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,811,128 shares of the financial services provider's stock worth $148,558,000 after purchasing an additional 366,072 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Simply Good Foods by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,553,864 shares of the financial services provider's stock valued at $138,528,000 after buying an additional 90,444 shares during the period. Wellington Management Group LLP boosted its holdings in Simply Good Foods by 23.5% in the fourth quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider's stock valued at $138,232,000 after acquiring an additional 674,618 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its holdings in Simply Good Foods by 1.7% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,916,389 shares of the financial services provider's stock valued at $74,701,000 after acquiring an additional 31,855 shares in the last quarter. Institutional investors own 88.45% of the company's stock.

Simply Good Foods Stock Performance

NASDAQ:SMPL traded up $0.08 during trading hours on Monday, reaching $32.81. The company had a trading volume of 667,391 shares, compared to its average volume of 1,005,915. The firm has a market cap of $3.30 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 3.21 and a beta of 0.68. The Simply Good Foods Company has a 1-year low of $30.47 and a 1-year high of $40.53. The business's 50 day moving average price is $33.51 and its 200-day moving average price is $35.14. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.95 and a quick ratio of 2.46.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SMPL shares. Stifel Nicolaus dropped their target price on shares of Simply Good Foods from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, June 27th. Sanford C. Bernstein set a $45.00 target price on shares of Simply Good Foods and gave the company an "outperform" rating in a research note on Friday, July 11th. UBS Group set a $36.00 price target on shares of Simply Good Foods and gave the company a "neutral" rating in a research report on Tuesday, July 1st. DA Davidson reduced their target price on shares of Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating for the company in a report on Monday, June 9th. Finally, Morgan Stanley increased their target price 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. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $39.88.

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.