US Bancorp DE reduced its stake in The Simply Good Foods Company (NASDAQ:SMPL – Free Report) by 37.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,315 shares of the financial services provider’s stock after selling 3,155 shares during the period. US Bancorp DE’s holdings in Simply Good Foods were worth $207,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of SMPL. FMR LLC grew its holdings in Simply Good Foods by 20.0% in the third quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock worth $178,329,000 after purchasing an additional 855,070 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Simply Good Foods in the third quarter worth about $27,391,000. Boston Trust Walden Corp grew its holdings in Simply Good Foods by 31.3% in the fourth quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider’s stock worth $118,171,000 after purchasing an additional 722,963 shares during the period. Weiss Asset Management LP purchased a new stake in Simply Good Foods in the third quarter worth about $12,051,000. Finally, Handelsbanken Fonder AB grew its holdings in Simply Good Foods by 34.9% in the fourth quarter. Handelsbanken Fonder AB now owns 990,500 shares of the financial services provider’s stock worth $38,610,000 after purchasing an additional 256,200 shares during the period. Hedge funds and other institutional investors own 88.45% of the company’s stock.
Simply Good Foods Trading Up 0.8 %
NASDAQ:SMPL opened at $34.53 on Friday. The company’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 company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 3.23 and a beta of 0.65.
Wall Street Analysts Forecast Growth
Separately, Mizuho cut their price target on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.22.
View Our Latest Stock Report on SMPL
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.
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