New York State Teachers Retirement System raised its stake in The Simply Good Foods Company (NASDAQ:SMPL – Get Rating) by 74.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 106,819 shares of the financial services provider's stock after acquiring an additional 45,700 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of Simply Good Foods worth $4,035,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its holdings in Simply Good Foods by 4.8% in the first quarter. PNC Financial Services Group Inc. now owns 6,454 shares of the financial services provider's stock valued at $246,000 after acquiring an additional 296 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Simply Good Foods by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 41,100 shares of the financial services provider's stock valued at $1,822,000 after acquiring an additional 300 shares during the period. Advisor Group Holdings Inc. lifted its holdings in Simply Good Foods by 7.2% in the first quarter. Advisor Group Holdings Inc. now owns 6,059 shares of the financial services provider's stock valued at $229,000 after acquiring an additional 407 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Simply Good Foods by 10.5% in the first quarter. Nisa Investment Advisors LLC now owns 5,060 shares of the financial services provider's stock valued at $192,000 after acquiring an additional 480 shares during the period. Finally, Harbour Capital Advisors LLC lifted its holdings in Simply Good Foods by 1.6% in the second quarter. Harbour Capital Advisors LLC now owns 38,765 shares of the financial services provider's stock valued at $1,464,000 after acquiring an additional 605 shares during the period. 87.05% of the stock is owned by institutional investors and hedge funds.
Get Simply Good Foods alerts:Simply Good Foods Stock Up 8.4 %
Shares of SMPL opened at $35.11 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.12 and a current ratio of 3.05. The Simply Good Foods Company has a one year low of $29.21 and a one year high of $45.77. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 32.51 and a beta of 0.75. The stock has a 50 day moving average price of $31.79 and a 200 day moving average price of $35.83.
Simply Good Foods (NASDAQ:SMPL – Get Rating) last issued its earnings results on Friday, October 21st. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.09. The company had revenue of $274.20 million during the quarter, compared to analysts' expectations of $260.81 million. Simply Good Foods had a return on equity of 11.55% and a net margin of 8.38%. The firm's quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. Equities research analysts forecast that The Simply Good Foods Company will post 1.55 earnings per share for the current fiscal year.Analysts Set New Price Targets
A number of analysts have recently commented on the company. The Goldman Sachs Group cut their price objective on Simply Good Foods from $49.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, August 16th. Morgan Stanley cut their price objective on Simply Good Foods from $39.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, October 14th. Stephens cut their price objective on Simply Good Foods from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Wednesday, October 12th. Stifel Nicolaus cut their price objective on Simply Good Foods from $44.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, October 14th. Finally, Seaport Res Ptn restated a "buy" rating on shares of Simply Good Foods in a research report on Friday, July 8th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.56.
About Simply Good Foods
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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, pizza, protein chips, recipes, and confectionery products, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names.
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