The Simply Good Foods Company (NASDAQ:SMPL) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lowered its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 7.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 48,596 shares of the financial services provider’s stock after selling 3,792 shares during the period. Corebridge Financial Inc.’s holdings in Simply Good Foods were worth $1,894,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. LPL Financial LLC grew its position in Simply Good Foods by 3.3% in the 4th quarter. LPL Financial LLC now owns 9,890 shares of the financial services provider’s stock worth $386,000 after purchasing an additional 315 shares during the last quarter. Stifel Financial Corp grew its holdings in Simply Good Foods by 1.9% in the 3rd quarter. Stifel Financial Corp now owns 26,688 shares of the financial services provider’s stock worth $928,000 after buying an additional 498 shares in the last quarter. HighTower Advisors LLC increased its position in Simply Good Foods by 3.9% in the 3rd quarter. HighTower Advisors LLC now owns 13,504 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 501 shares during the period. Quarry LP raised its stake in Simply Good Foods by 64.7% during the 3rd quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 533 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Simply Good Foods during the 4th quarter worth $26,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Mizuho lowered their price target on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Morgan Stanley assumed coverage on shares of Simply Good Foods in a research note on Monday, March 24th. They issued an “equal weight” rating and a $36.00 price target for the company. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.56.

Simply Good Foods Stock Down 0.6 %

SMPL stock opened at $34.62 on Thursday. The firm has a market cap of $3.50 billion, a PE ratio of 24.55, a P/E/G ratio of 3.23 and a beta of 0.65. The Simply Good Foods Company has a 12 month low of $30.00 and a 12 month high of $40.53. The firm has a 50 day simple moving average of $36.27 and a 200 day simple moving average of $36.26. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75.

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 analysts’ consensus estimates of $0.43 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The business had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $347.32 million. During the same period in the previous year, the firm posted $0.43 EPS. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Equities research analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

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.