Fuller & Thaler Asset Management Inc. Buys 366,072 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Fuller & Thaler Asset Management Inc. grew its stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 10.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,811,128 shares of the financial services provider's stock after buying an additional 366,072 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 3.77% of Simply Good Foods worth $148,558,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SMPL. FMR LLC increased its stake in Simply Good Foods by 86.5% during the fourth quarter. FMR LLC now owns 9,566,199 shares of the financial services provider's stock valued at $372,890,000 after acquiring an additional 4,437,372 shares during the period. Dimensional Fund Advisors LP increased its stake in Simply Good Foods by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,553,864 shares of the financial services provider's stock valued at $138,528,000 after acquiring an additional 90,444 shares during the period. Wellington Management Group LLP increased its stake in Simply Good Foods by 23.5% during the fourth 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 period. Boston Trust Walden Corp grew 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 valued at $118,171,000 after purchasing an additional 722,963 shares during the period. Finally, Boston Partners grew its stake in shares of 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 valued at $47,287,000 after purchasing an additional 637,038 shares during the period. Institutional investors and hedge funds own 88.45% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SMPL. DA Davidson upped their price objective on Simply Good Foods from $35.00 to $41.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. 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. Morgan Stanley upped their price objective 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. Finally, UBS Group initiated coverage on Simply Good Foods in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $41.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Simply Good Foods currently has an average rating of "Moderate Buy" and a consensus price target of $41.00.

Simply Good Foods Trading Up 0.3 %

NASDAQ:SMPL traded up $0.10 during trading hours on Monday, hitting $35.33. 234,526 shares of the stock were exchanged, compared to its average volume of 1,046,068. The company's 50 day moving average is $35.54 and its two-hundred day moving average is $36.50. The Simply Good Foods Company has a twelve month low of $31.25 and a twelve month high of $40.53. 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 company has a market capitalization of $3.57 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted 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. 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 analyst estimates of $354.50 million. During the same period in the previous year, the company earned $0.40 EPS. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. On average, sell-side analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the company'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 represents a 28.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.35% of the stock is owned by insiders.

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.