Charles Schwab Investment Management Inc. raised its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL – Free Report) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,033,884 shares of the financial services provider’s stock after buying an additional 43,874 shares during the period. Charles Schwab Investment Management Inc. owned about 1.02% of Simply Good Foods worth $40,301,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of Simply Good Foods in the 4th quarter valued at about $26,000. Quarry LP lifted its position in Simply Good Foods by 64.7% in the third quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 533 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Simply Good Foods by 255.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 1,229 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Simply Good Foods by 215.6% during the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,201 shares during the period. Finally, KBC Group NV grew its holdings in shares of Simply Good Foods by 31.9% in the third quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 746 shares during the last quarter. 88.45% of the stock is owned by institutional investors.
Simply Good Foods Price Performance
SMPL opened at $34.53 on Friday. The stock’s 50 day moving average price is $36.58 and its 200-day moving average price is $36.16. The Simply Good Foods Company has a 52-week low of $30.00 and a 52-week high of $40.53. The stock has a market capitalization of $3.49 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 3.23 and a beta of 0.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23.
Wall Street Analyst Weigh In
Separately, Mizuho lowered their price target on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Simply Good Foods presently has a consensus rating of “Moderate Buy” and an average price target of $40.22.
Check Out Our Latest Stock Analysis on SMPL
Simply Good Foods Company 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.
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