Charles Schwab Investment Management Inc. Acquires 43,874 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Charles Schwab Investment Management Inc. raised its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) 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.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The business had revenue of $341.30 million for the quarter, compared to the consensus estimate of $347.32 million. During the same period in the previous year, the firm earned $0.43 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current year.

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.

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.