Barclays PLC Raises Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

Barclays PLC raised its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,796 shares of the financial services provider’s stock after acquiring an additional 15,595 shares during the quarter. Barclays PLC owned approximately 0.18% of Simply Good Foods worth $7,047,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Quadrant Capital Group LLC raised its stake in Simply Good Foods by 13.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 300 shares during the period. LPL Financial LLC boosted its position in shares of Simply Good Foods by 3.3% during the fourth quarter. LPL Financial LLC now owns 9,890 shares of the financial services provider’s stock worth $386,000 after acquiring an additional 315 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in Simply Good Foods by 2.9% during the fourth 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 in the last quarter. CIBC Private Wealth Group LLC grew its stake in Simply Good Foods by 72.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 445 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased 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 valued at $372,000 after acquiring an additional 480 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.

Insider Activity

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business’s stock in a transaction on Friday, April 11th. The stock was 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 in the company, 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 through this hyperlink. Insiders own 9.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Morgan Stanley raised their price objective on 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. UBS Group assumed coverage on Simply Good Foods in a report on Wednesday. They set a “neutral” rating and a $41.00 price target for the company. DA Davidson upped their price objective on Simply Good Foods from $35.00 to $41.00 and gave the stock a “neutral” rating in a report on Friday, April 11th. Finally, Mizuho increased their target price on Simply Good Foods from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Simply Good Foods Stock Performance

NASDAQ:SMPL opened at $35.42 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. The stock’s fifty day moving average is $35.58 and its 200 day moving average is $36.45. The firm has a market capitalization of $3.58 billion, a PE ratio of 25.12, a PEG ratio of 3.23 and a beta of 0.63. The Simply Good Foods Company has a fifty-two week low of $31.25 and a fifty-two week high of $40.53.

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

About 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 protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, protein chips, and recipes under the Atkins and Quest brand names.