UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stake in The Simply Good Foods Company (NASDAQ:SMPL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 202,533 shares of the financial services provider's stock after purchasing an additional 30,434 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.20% of Simply Good Foods worth $7,895,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Quadrant Capital Group LLC lifted its position 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 valued at $98,000 after buying an additional 300 shares during the last quarter. LPL Financial LLC raised its stake in Simply Good Foods by 3.3% in the 4th quarter. LPL Financial LLC now owns 9,890 shares of the financial services provider's stock valued at $386,000 after acquiring an additional 315 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Simply Good Foods by 2.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,338 shares of the financial services provider's stock valued at $442,000 after purchasing an additional 324 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Simply Good Foods by 72.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 445 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its position in Simply Good Foods by 5.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,549 shares of the financial services provider's stock worth $372,000 after purchasing an additional 480 shares during the period. 88.45% of the stock is owned by hedge funds and other institutional investors.

Simply Good Foods Trading Up 1.1%

Shares of Simply Good Foods stock traded up $0.36 during trading on Tuesday, reaching $34.50. The company's stock had a trading volume of 423,047 shares, compared to its average volume of 927,585. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The Simply Good Foods Company has a 52-week low of $31.25 and a 52-week high of $40.53. The firm's 50-day moving average is $35.53 and its two-hundred day moving average is $36.68. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 24.47, a PEG 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 for the quarter, topping the consensus estimate 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 business had revenue of $359.70 million during the quarter, compared to the consensus estimate of $354.50 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The firm's revenue for the quarter was up 15.2% on a year-over-year basis. On average, sell-side analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on SMPL. Morgan Stanley boosted their price target on shares of 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. DA Davidson lifted 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 note on Friday, April 11th. Wall Street Zen upgraded Simply Good Foods from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Mizuho raised their price target on Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, April 11th. Finally, UBS Group assumed coverage on Simply Good Foods in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $41.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Simply Good Foods has an average rating of "Moderate Buy" and a consensus price target of $41.00.

Insider Activity at Simply Good Foods

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of Simply Good Foods stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $37.25, for a total value of $186,250.00. Following the transaction, the senior vice president now directly owns 12,839 shares of the company's stock, valued at $478,252.75. The trade was a 28.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.35% of the stock is currently owned by company insiders.

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.