US Bancorp DE Sells 3,155 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

US Bancorp DE reduced its stake in The Simply Good Foods Company (NASDAQ:SMPL) 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.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $347.32 million. During the same quarter last year, the company posted $0.43 earnings per share. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities research analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

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.

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.