TimesSquare Capital Management LLC Sells 223,050 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

TimesSquare Capital Management LLC cut its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 32.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 458,625 shares of the financial services provider's stock after selling 223,050 shares during the period. TimesSquare Capital Management LLC owned approximately 0.46% of Simply Good Foods worth $18,162,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Simply Good Foods by 2.4% during the third quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider's stock worth $379,461,000 after acquiring an additional 259,144 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Simply Good Foods by 79.5% in the third quarter. State Board of Administration of Florida Retirement System now owns 57,914 shares of the financial services provider's stock valued at $1,999,000 after purchasing an additional 25,650 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Simply Good Foods in the third quarter valued at about $2,877,000. Diversified Trust Co lifted its holdings in shares of Simply Good Foods by 7.5% in the fourth quarter. Diversified Trust Co now owns 20,793 shares of the financial services provider's stock valued at $823,000 after purchasing an additional 1,453 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Simply Good Foods by 4.0% in the third quarter. Rhumbline Advisers now owns 259,500 shares of the financial services provider's stock valued at $8,958,000 after purchasing an additional 10,073 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Price Performance

NASDAQ:SMPL traded up $0.13 during trading hours on Friday, reaching $37.71. 723,264 shares of the company were exchanged, compared to its average volume of 935,359. The company has a market capitalization of $3.77 billion, a P/E ratio of 27.29, a P/E/G ratio of 2.30 and a beta of 0.65. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $43.00. 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 business has a 50 day moving average of $34.03 and a 200 day moving average of $36.95.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its quarterly earnings results on Thursday, April 4th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. Simply Good Foods had a return on equity of 10.12% and a net margin of 11.12%. Research analysts forecast that The Simply Good Foods Company will post 1.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SMPL shares. Needham & Company LLC reiterated a "buy" rating and set a $41.00 target price on shares of Simply Good Foods in a report on Tuesday, April 30th. TD Cowen started coverage on Simply Good Foods in a report on Monday, April 22nd. They set a "hold" rating and a $34.00 target price on the stock. DA Davidson upped their target price on Simply Good Foods from $34.00 to $35.00 and gave the stock a "neutral" rating in a report on Tuesday, April 30th. Stifel Nicolaus decreased their target price on Simply Good Foods from $48.00 to $38.00 and set a "buy" rating on the stock in a research report on Thursday, March 28th. Finally, Mizuho reaffirmed a "buy" rating and issued a $50.00 target price on shares of Simply Good Foods in a research report on Friday, April 5th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $40.29.

Insiders Place Their Bets

In other Simply Good Foods news, Director James D. White sold 4,000 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $38.17, for a total transaction of $152,680.00. Following the completion of the sale, the director now directly owns 17,027 shares in the company, valued at approximately $649,920.59. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 10.98% of the company's stock.

About Simply Good Foods

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.