Richard Bernstein Advisors LLC purchased a new position in The Simply Good Foods Company (NASDAQ:SMPL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 36,899 shares of the financial services provider’s stock, valued at approximately $1,157,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its position in shares of The Simply Good Foods by 30.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,000 shares of the financial services provider’s stock valued at $94,000 after buying an additional 700 shares during the period. Huntington National Bank purchased a new position in shares of The Simply Good Foods during the fourth quarter valued at approximately $31,000. Point72 Hong Kong Ltd purchased a new position in shares of The Simply Good Foods during the third quarter valued at approximately $28,000. Fuller & Thaler Asset Management Inc. boosted its position in shares of The Simply Good Foods by 0.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 408,629 shares of the financial services provider’s stock valued at $9,010,000 after buying an additional 1,623 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of The Simply Good Foods by 2.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 60,833 shares of the financial services provider’s stock valued at $1,341,000 after buying an additional 1,678 shares during the period. Institutional investors own 88.87% of the company’s stock.

NASDAQ SMPL opened at $28.34 on Tuesday. The Simply Good Foods Company has a 1 year low of $14.08 and a 1 year high of $32.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.70 and a quick ratio of 2.69. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 44.98 and a beta of 0.98. The stock’s fifty day moving average price is $28.87 and its 200 day moving average price is $24.89.

The Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings results on Tuesday, January 5th. The financial services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.21 by $0.08. The Simply Good Foods had a net margin of 6.92% and a return on equity of 7.36%. The company had revenue of $231.20 million for the quarter, compared to analyst estimates of $209.65 million. During the same period in the prior year, the company earned $0.22 earnings per share. The firm’s revenue was up 51.9% on a year-over-year basis. Research analysts expect that The Simply Good Foods Company will post 1 earnings per share for the current year.

A number of brokerages recently issued reports on SMPL. Stifel Nicolaus lowered The Simply Good Foods from a “buy” rating to a “hold” rating and boosted their price target for the company from $26.00 to $30.00 in a report on Thursday, January 7th. Zacks Investment Research lowered The Simply Good Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 3rd. Jefferies Financial Group started coverage on The Simply Good Foods in a report on Thursday, January 7th. They issued a “buy” rating and a $36.00 price target for the company. DA Davidson downgraded shares of The Simply Good Foods from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $25.00 to $33.00 in a research note on Wednesday, February 3rd. Finally, Stephens started coverage on shares of The Simply Good Foods in a research note on Tuesday, January 19th. They issued an “equal weight” rating and a $29.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $31.77.

About The Simply Good Foods

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 primarily nutrition bars, ready-to-drink (RTD) shakes, sweet and salty snacks, protein bars, 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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Institutional Ownership by Quarter for The Simply Good Foods (NASDAQ:SMPL)

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