The Simply Good Foods Company (NASDAQ:SMPL) Stock Position Reduced by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 769,109 shares of the financial services provider's stock after selling 7,845 shares during the period. Price T Rowe Associates Inc. MD owned about 0.76% of Simply Good Foods worth $29,981,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its position in Simply Good Foods by 13.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock worth $98,000 after acquiring an additional 300 shares during the last quarter. LPL Financial LLC increased its stake in Simply Good Foods by 3.3% in the fourth quarter. LPL Financial LLC now owns 9,890 shares of the financial services provider's stock valued at $386,000 after purchasing an additional 315 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Simply Good Foods by 2.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,338 shares of the financial services provider's stock worth $442,000 after buying an additional 324 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Simply Good Foods by 72.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock worth $38,000 after buying an additional 445 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in Simply Good Foods by 5.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 9,549 shares of the financial services provider's stock valued at $372,000 after buying an additional 480 shares during the period. 88.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the completion of the sale, the senior vice president now owns 12,839 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. 9.35% of the stock is owned by company insiders.

Simply Good Foods Stock Up 0.6 %

Shares of NASDAQ:SMPL traded up $0.23 during mid-day trading on Monday, hitting $36.93. 262,383 shares of the company traded hands, compared to its average volume of 917,583. The firm has a market cap of $3.73 billion, a P/E ratio of 26.21, 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. The firm's 50 day simple moving average is $35.42 and its 200 day simple moving average is $36.57. 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 announced its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The business had revenue of $359.70 million during the quarter, compared to the consensus estimate of $354.50 million. During the same period in the prior year, the firm earned $0.40 earnings per share. The business's quarterly revenue was up 15.2% compared to the same quarter last year. On average, equities analysts anticipate that The Simply Good Foods Company will post 1.78 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SMPL. UBS Group started 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 target for the company. Morgan Stanley increased their target price 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 boosted their price target on Simply Good Foods from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Friday, April 11th. Finally, DA Davidson raised their price objective on Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $41.00.

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.