Allspring Global Investments Holdings LLC trimmed its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 60.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,140 shares of the financial services provider's stock after selling 124,808 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.08% of Simply Good Foods worth $3,292,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of Simply Good Foods by 18.8% in the 4th quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider's stock valued at $73,000 after acquiring an additional 292 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Simply Good Foods by 4.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,454 shares of the financial services provider's stock valued at $246,000 after purchasing an additional 296 shares during the period. Ziegler Capital Management LLC boosted its position in Simply Good Foods by 4.0% during the 3rd quarter. Ziegler Capital Management LLC now owns 8,965 shares of the financial services provider's stock valued at $309,000 after purchasing an additional 341 shares during the period. Arizona State Retirement System boosted its position in Simply Good Foods by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 26,927 shares of the financial services provider's stock valued at $930,000 after purchasing an additional 373 shares during the period. Finally, Advisor Group Holdings Inc. boosted its position in Simply Good Foods by 7.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,059 shares of the financial services provider's stock valued at $229,000 after purchasing an additional 407 shares during the period. 88.45% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms recently issued reports on SMPL. Needham & Company LLC reduced their price objective on Simply Good Foods from $45.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, April 5th. Mizuho reiterated a "buy" rating and set a $50.00 price target on shares of Simply Good Foods in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $42.00 price objective (up previously from $41.00) on shares of Simply Good Foods in a report on Tuesday, January 2nd. Morgan Stanley restated an "overweight" rating and issued a $42.00 price objective on shares of Simply Good Foods in a report on Thursday, April 11th. Finally, Stifel Nicolaus cut their price objective on Simply Good Foods from $48.00 to $38.00 and set a "buy" rating for the company in a report on Thursday, March 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Simply Good Foods currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.17.
Read Our Latest Stock Report on SMPL
Insider Transactions at Simply Good Foods
In other Simply Good Foods news, Director Robert G. Montgomery sold 2,500 shares of the business's stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $39.36, for a total value of $98,400.00. Following the transaction, the director now owns 52,738 shares in the company, valued at $2,075,767.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.98% of the stock is owned by insiders.
Simply Good Foods Price Performance
Shares of Simply Good Foods stock traded up $0.76 during trading on Friday, hitting $33.17. The stock had a trading volume of 938,826 shares, compared to its average volume of 1,002,195. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.20 and a quick ratio of 3.09. The firm has a market cap of $3.32 billion, a P/E ratio of 23.86, a PEG ratio of 2.45 and a beta of 0.69. The business has a fifty day moving average of $33.96 and a two-hundred day moving average of $36.76. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $43.00.
About Simply Good Foods
(
Free Report)
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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