TimesSquare Capital Management LLC Has $18.16 Million Stock Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

TimesSquare Capital Management LLC lowered its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 32.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 458,625 shares of the financial services provider’s stock after selling 223,050 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.46% of Simply Good Foods worth $18,162,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SMPL. Vanguard Group Inc. lifted its stake in shares of Simply Good Foods by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider’s stock worth $379,461,000 after buying an additional 259,144 shares during the last quarter. FMR LLC increased its holdings in Simply Good Foods by 42.3% in the third quarter. FMR LLC now owns 2,761,132 shares of the financial services provider’s stock valued at $95,314,000 after purchasing an additional 820,801 shares during the period. Principal Financial Group Inc. raised its position in shares of Simply Good Foods by 4.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,649,141 shares of the financial services provider’s stock worth $56,928,000 after acquiring an additional 74,605 shares in the last quarter. Invesco Ltd. grew its position in shares of Simply Good Foods by 8.1% during the 3rd quarter. Invesco Ltd. now owns 1,614,065 shares of the financial services provider’s stock worth $55,718,000 after buying an additional 120,311 shares during the period. Finally, Congress Asset Management Co. MA raised its stake in Simply Good Foods by 25.7% during the 3rd quarter. Congress Asset Management Co. MA now owns 1,116,945 shares of the financial services provider’s stock worth $38,557,000 after buying an additional 228,383 shares during the period. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Stock Up 0.9 %

Shares of SMPL traded up $0.34 during midday trading on Friday, reaching $37.92. 12,188 shares of the stock were exchanged, compared to its average volume of 927,488. The company’s 50 day moving average is $34.03 and its two-hundred day moving average is $36.95. The Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $43.00. The company has a market capitalization of $3.79 billion, a P/E ratio of 27.04, a PEG ratio of 2.30 and a beta of 0.65. The company has a current ratio of 4.20, a quick ratio of 3.09 and a debt-to-equity ratio of 0.14.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Thursday, April 4th. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Simply Good Foods had a return on equity of 10.12% and a net margin of 11.12%. On average, sell-side analysts anticipate that The Simply Good Foods Company will post 1.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Mizuho reaffirmed a “buy” rating and set a $50.00 target price on shares of Simply Good Foods in a research report on Friday, April 5th. Needham & Company LLC reissued a “buy” rating and issued a $41.00 target price on shares of Simply Good Foods in a research note on Tuesday, April 30th. Morgan Stanley reissued an “overweight” rating and set a $42.00 price objective on shares of Simply Good Foods in a research note on Thursday, April 11th. DA Davidson upped their price target on Simply Good Foods from $34.00 to $35.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Finally, Stifel Nicolaus cut their price target on shares of Simply Good Foods from $48.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.29.

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.