47,787 Shares in The Simply Good Foods Company (NASDAQ:SMPL) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 47,787 shares of the financial services provider's stock, valued at approximately $1,863,000.

Other hedge funds have also modified their holdings of the company. FMR LLC increased its position in Simply Good Foods by 86.5% during the 4th quarter. FMR LLC now owns 9,566,199 shares of the financial services provider's stock worth $372,890,000 after purchasing an additional 4,437,372 shares in the last quarter. Norges Bank acquired a new stake in shares of Simply Good Foods in the fourth quarter valued at approximately $44,006,000. Boston Trust Walden Corp lifted its stake in shares of Simply Good Foods by 31.3% in the 4th quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider's stock worth $118,171,000 after acquiring an additional 722,963 shares during the period. Wellington Management Group LLP lifted its holdings in Simply Good Foods by 23.5% in the 4th quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider's stock valued at $138,232,000 after acquiring an additional 674,618 shares during the last quarter. Finally, Boston Partners increased its stake in Simply Good Foods by 109.0% in the 4th quarter. Boston Partners now owns 1,221,285 shares of the financial services provider's stock worth $47,287,000 after purchasing an additional 637,038 shares in the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.

Simply Good Foods Stock Down 1.2 %

Shares of NASDAQ:SMPL traded down $0.46 during midday trading on Tuesday, reaching $36.45. The company's stock had a trading volume of 311,326 shares, compared to its average volume of 916,865. The firm has a market capitalization of $3.68 billion, a P/E ratio of 25.83, a PEG ratio of 3.23 and a beta of 0.72. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The Simply Good Foods Company has a 12-month low of $31.25 and a 12-month high of $40.53. The firm has a 50 day moving average of $35.41 and a 200-day moving average of $36.60.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. The company had revenue of $359.70 million during the quarter, compared to analyst estimates of $354.50 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The firm's quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. On average, research analysts anticipate 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 research firms have issued reports on SMPL. UBS Group started coverage on shares of Simply Good Foods in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $41.00 target price for the company. Morgan Stanley increased their target price on Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a research note on Thursday, April 10th. DA Davidson increased 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. Finally, Mizuho upped their price objective 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 given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $41.00.

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of Simply Good Foods stock in a transaction dated Friday, April 11th. The stock was 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. The trade was a 28.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 9.35% of the company's stock.

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.