Northern Trust Corp Purchases 96,593 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Northern Trust Corp raised its position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 999,455 shares of the financial services provider's stock after purchasing an additional 96,593 shares during the period. Northern Trust Corp owned 0.99% of Simply Good Foods worth $38,959,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in shares of Simply Good Foods by 50.2% during the fourth quarter. Wells Fargo & Company MN now owns 45,685 shares of the financial services provider's stock worth $1,781,000 after buying an additional 15,275 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Simply Good Foods by 255.5% during 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 raised its stake in Simply Good Foods by 47.8% during the 4th quarter. Moody Aldrich Partners LLC now owns 141,410 shares of the financial services provider's stock valued at $5,512,000 after purchasing an additional 45,738 shares during the last quarter. Barclays PLC boosted its holdings in Simply Good Foods by 396.7% in the 3rd quarter. Barclays PLC now owns 165,201 shares of the financial services provider's stock valued at $5,744,000 after purchasing an additional 131,939 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Simply Good Foods by 215.6% in the 4th quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider's stock valued at $69,000 after purchasing an additional 1,201 shares during the period. 88.45% of the stock is owned by hedge funds and other institutional investors.

Simply Good Foods Price Performance

Shares of Simply Good Foods stock traded up $0.59 during midday trading on Thursday, hitting $35.97. 185,984 shares of the company were exchanged, compared to its average volume of 921,198. The firm has a 50 day simple moving average of $35.29 and a 200-day simple moving average of $36.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75. The firm has a market cap of $3.63 billion, a P/E ratio of 25.50, a PEG ratio of 3.23 and a beta of 0.72. The Simply Good Foods Company has a 52 week low of $31.25 and a 52 week high of $40.53.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its quarterly earnings data 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. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The company had revenue of $359.70 million during the quarter, compared to analysts' expectations of $354.50 million. During the same period last year, the business earned $0.40 earnings per share. The business's revenue was up 15.2% on a year-over-year basis. Research analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

SMPL has been the subject of a number of research analyst reports. UBS Group assumed coverage on shares of Simply Good Foods in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $41.00 price objective for the company. DA Davidson upped their price target on Simply Good Foods from $35.00 to $41.00 and gave the company a "neutral" rating in a report on Friday, April 11th. Morgan Stanley lifted their price objective on Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. Finally, Mizuho upped their target price on Simply Good Foods from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Friday, April 11th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

Insider Buying and Selling at Simply Good Foods

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the stock in a transaction 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 owns 12,839 shares in the company, valued at approximately $478,252.75. This represents a 28.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.35% of the company's stock.

Simply Good Foods 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.