Bridgewater Associates LP Trims Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Bridgewater Associates LP trimmed its position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 37.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,655 shares of the financial services provider's stock after selling 10,078 shares during the quarter. Bridgewater Associates LP's holdings in Simply Good Foods were worth $649,000 at the end of the most recent quarter.

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

Simply Good Foods Price Performance

SMPL stock traded down $0.36 during midday trading on Friday, reaching $35.06. 183,944 shares of the company's stock traded hands, compared to its average volume of 1,050,074. The Simply Good Foods Company has a 1-year low of $31.25 and a 1-year high of $40.53. The company has a 50-day simple moving average of $35.58 and a two-hundred day simple moving average of $36.45. 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 cap of $3.54 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 3.23 and a beta of 0.63.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The business had revenue of $359.70 million during the quarter, compared to the consensus estimate of $354.50 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. Simply Good Foods's quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share. On average, analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SMPL shares. DA Davidson boosted their price objective on shares of 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 shares of Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a research report on Thursday, April 10th. Mizuho upped their price target on Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, April 11th. Finally, UBS Group initiated coverage on shares of Simply Good Foods in a report on Wednesday. They set a "neutral" rating and a $41.00 price objective on the stock. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

Insider Activity at Simply Good Foods

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the firm's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $37.25, for a total value of $186,250.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.35% of the stock is currently 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.