The Simply Good Foods Company (NASDAQ:SMPL) Position Cut by Woodline Partners LP

Woodline Partners LP lowered its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 17.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,501,035 shares of the financial services provider's stock after selling 325,056 shares during the quarter. Woodline Partners LP owned approximately 1.49% of Simply Good Foods worth $58,510,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SMPL. Barclays PLC lifted its stake in Simply Good Foods by 396.7% in the third quarter. Barclays PLC now owns 165,201 shares of the financial services provider's stock worth $5,744,000 after acquiring an additional 131,939 shares during the last quarter. Diversify Wealth Management LLC lifted its position in shares of Simply Good Foods by 44.7% during the 4th quarter. Diversify Wealth Management LLC now owns 12,656 shares of the financial services provider's stock worth $493,000 after buying an additional 3,911 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Simply Good Foods by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 53,512 shares of the financial services provider's stock worth $2,086,000 after buying an additional 2,188 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Simply Good Foods by 44.3% during the 4th quarter. Blue Trust Inc. now owns 5,624 shares of the financial services provider's stock worth $219,000 after buying an additional 1,727 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Simply Good Foods by 24.6% during the 4th quarter. KBC Group NV now owns 3,844 shares of the financial services provider's stock worth $150,000 after buying an additional 760 shares during the last quarter. Hedge funds and other institutional investors own 88.45% of the company's stock.

Simply Good Foods Trading Up 0.2%

SMPL traded up $0.06 on Friday, reaching $34.41. 600,849 shares of the company's stock were exchanged, compared to its average volume of 927,803. The company's 50 day moving average is $35.38 and its 200-day moving average is $36.76. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 3.23 and a beta of 0.72. The Simply Good Foods Company has a twelve month low of $31.25 and a twelve month high of $40.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The firm had revenue of $359.70 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS. Equities analysts predict that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Morgan Stanley lifted their target price on shares of Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Mizuho lifted their target price on shares of Simply Good Foods from $45.00 to $47.00 and gave the company an "outperform" rating in a report 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 company a "neutral" rating in a 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 assumed coverage on shares of Simply Good Foods in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $41.00 target price on the stock. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Simply Good Foods has an average rating of "Moderate Buy" and a consensus price target of $41.00.

Insiders Place Their Bets

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 12,839 shares of the company's stock, valued at approximately $478,252.75. This represents a 28.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.35% of the stock is 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.