Woodline Partners LP Lowers Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Woodline Partners LP trimmed its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 17.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,501,035 shares of the financial services provider's stock after selling 325,056 shares during the period. Woodline Partners LP owned approximately 1.49% of Simply Good Foods worth $58,510,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the firm's stock in a transaction 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 sale, the senior vice president now directly owns 12,839 shares in the company, valued at $478,252.75. This trade represents a 28.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.35% of the stock is owned by insiders.

Simply Good Foods Trading Down 1.3%

NASDAQ:SMPL opened at $36.10 on Tuesday. The firm has a market cap of $3.65 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72. The stock has a fifty day moving average price of $35.32 and a 200 day moving average price of $36.78. The Simply Good Foods Company has a 12-month low of $31.25 and a 12-month high of $40.53. 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 released 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 firm had revenue of $359.70 million during the quarter, compared to analyst estimates of $354.50 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. Simply Good Foods's revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. Sell-side analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on SMPL. UBS Group began coverage on Simply Good Foods in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $41.00 price target for the company. Morgan Stanley raised their price target on 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. Mizuho raised their price target 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. Finally, DA Davidson raised their price target on Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $41.00.

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.

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