Hsbc Holdings PLC Has $413,000 Stake in The Simply Good Foods Company (NASDAQ:SMPL)

Hsbc Holdings PLC lowered its position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 73.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,617 shares of the financial services provider's stock after selling 29,476 shares during the quarter. Hsbc Holdings PLC's holdings in Simply Good Foods were worth $413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MetLife Investment Management LLC boosted its stake in shares of Simply Good Foods by 4.6% during the 4th quarter. MetLife Investment Management LLC now owns 55,123 shares of the financial services provider's stock worth $2,149,000 after acquiring an additional 2,422 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Simply Good Foods by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,553,864 shares of the financial services provider's stock worth $138,528,000 after purchasing an additional 90,444 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in Simply Good Foods by 82.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 22,370 shares of the financial services provider's stock worth $872,000 after buying an additional 10,100 shares during the period. Gabelli Funds LLC raised its holdings in Simply Good Foods by 7.4% during the 4th quarter. Gabelli Funds LLC now owns 87,000 shares of the financial services provider's stock worth $3,391,000 after buying an additional 6,000 shares during the period. Finally, Rench Wealth Management Inc. purchased a new stake in Simply Good Foods during the fourth quarter valued at about $390,000. 88.45% of the stock is currently owned by institutional investors.

Insider Activity at Simply Good Foods

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business's stock in a transaction 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 transaction, the senior vice president now owns 12,839 shares of the company's stock, valued at $478,252.75. The trade was a 28.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.35% of the stock is owned by company insiders.

Simply Good Foods Stock Up 0.1 %

SMPL stock traded up $0.04 during trading hours on Friday, hitting $35.87. The company's stock had a trading volume of 778,448 shares, compared to its average volume of 921,416. The company has a market capitalization of $3.62 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72. The stock has a 50 day moving average price of $35.29 and a two-hundred day moving average price of $36.67. 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.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, topping 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 firm had revenue of $359.70 million for the quarter, compared to the consensus estimate of $354.50 million. During the same period in the prior year, the business posted $0.40 earnings per share. The business's quarterly revenue was up 15.2% on a year-over-year basis. On average, equities research analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SMPL shares. UBS Group initiated coverage on shares of Simply Good Foods in a report on Wednesday, April 23rd. They set a "neutral" rating and a $41.00 price target on the stock. Mizuho boosted their target price on shares of Simply Good Foods from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Friday, April 11th. DA Davidson raised their target price on Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Finally, Morgan Stanley upped 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 note on Thursday, April 10th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Simply Good Foods presently has a consensus rating of "Moderate Buy" and an average price target of $41.00.

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.