The Simply Good Foods Company (NASDAQ:SMPL) Position Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 17.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 202,533 shares of the financial services provider's stock after buying an additional 30,434 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of Simply Good Foods worth $7,895,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN grew its position in shares of Simply Good Foods by 50.2% in the fourth quarter. Wells Fargo & Company MN now owns 45,685 shares of the financial services provider's stock valued at $1,781,000 after purchasing an additional 15,275 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Simply Good Foods by 255.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock valued at $66,000 after purchasing an additional 1,229 shares during the last quarter. Barclays PLC raised its stake in shares of Simply Good Foods by 396.7% in the 3rd quarter. Barclays PLC now owns 165,201 shares of the financial services provider's stock valued at $5,744,000 after acquiring an additional 131,939 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Simply Good Foods by 4.4% in 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 acquiring an additional 43,874 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in shares of Simply Good Foods in the 4th quarter valued at approximately $217,000. Institutional investors and hedge funds own 88.45% of the company's stock.

Simply Good Foods Stock Performance

Shares of Simply Good Foods stock traded down $0.62 during trading hours on Wednesday, reaching $33.87. The company's stock had a trading volume of 731,233 shares, compared to its average volume of 930,411. The company's 50 day simple moving average is $35.52 and its 200 day simple moving average is $36.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. The Simply Good Foods Company has a one year low of $31.25 and a one year high of $40.53. The stock has a market cap of $3.42 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The company had revenue of $359.70 million for the quarter, compared to the consensus estimate of $354.50 million. During the same period last year, the firm posted $0.40 EPS. The company's revenue for the quarter was up 15.2% on a year-over-year basis. As a group, analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Insider Transactions at Simply Good Foods

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the stock in a transaction dated 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 owns 12,839 shares of the company's stock, valued at $478,252.75. This trade represents a 28.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.35% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Simply Good Foods from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. UBS Group initiated 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 objective on the stock. Mizuho raised their price objective on shares of Simply Good Foods from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Friday, April 11th. DA Davidson lifted their target price on shares of Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Finally, Morgan Stanley lifted 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 research report on Thursday, April 10th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $41.00.

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.