New York State Teachers Retirement System Sells 8,936 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

New York State Teachers Retirement System trimmed its position in The Simply Good Foods Company (NASDAQ:SMPL) by 8.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,119 shares of the financial services provider’s stock after selling 8,936 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Simply Good Foods worth $4,020,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp increased its holdings in Simply Good Foods by 1.9% during the 3rd quarter. Stifel Financial Corp now owns 26,688 shares of the financial services provider’s stock worth $928,000 after purchasing an additional 498 shares in the last quarter. Cynosure Group LLC increased its holdings in shares of Simply Good Foods by 4.9% in the third quarter. Cynosure Group LLC now owns 10,659 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 500 shares during the period. HighTower Advisors LLC increased its holdings in shares of Simply Good Foods by 3.9% in the third quarter. HighTower Advisors LLC now owns 13,504 shares of the financial services provider’s stock worth $473,000 after purchasing an additional 501 shares during the period. Quarry LP increased its holdings in shares of Simply Good Foods by 64.7% in the third quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 533 shares during the period. Finally, R Squared Ltd bought a new position in Simply Good Foods in the fourth quarter valued at $26,000. 88.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

SMPL has been the topic of a number of research analyst reports. Mizuho reduced their target price on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Citigroup dropped their target price on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Simply Good Foods currently has an average rating of “Moderate Buy” and an average price target of $40.22.

Simply Good Foods Price Performance

SMPL stock opened at $37.11 on Friday. The Simply Good Foods Company has a 52-week low of $30.00 and a 52-week high of $40.53. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 3.24 and a beta of 0.65. The firm has a 50 day moving average price of $37.43 and a 200-day moving average price of $35.69. 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 announced its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The company had revenue of $341.30 million during the quarter, compared to analyst estimates of $347.32 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 EPS. Equities research analysts forecast that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Simply Good Foods 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.