Victory Capital Management Inc. Sells 33,338 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Victory Capital Management Inc. decreased its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,012,119 shares of the financial services provider’s stock after selling 33,338 shares during the period. Victory Capital Management Inc.’s holdings in Simply Good Foods were worth $39,452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC boosted its position in Simply Good Foods by 20.0% during the 3rd quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock valued at $178,329,000 after acquiring an additional 855,070 shares in the last quarter. Champlain Investment Partners LLC boosted its position in shares of Simply Good Foods by 4.0% during the third quarter. Champlain Investment Partners LLC now owns 4,063,878 shares of the financial services provider’s stock valued at $141,301,000 after purchasing an additional 155,894 shares in the last quarter. State Street Corp grew its stake in Simply Good Foods by 6.0% in the third quarter. State Street Corp now owns 3,666,190 shares of the financial services provider’s stock worth $127,473,000 after purchasing an additional 208,070 shares during the period. Boston Trust Walden Corp grew its stake 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. Finally, Geode Capital Management LLC raised its holdings in Simply Good Foods by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,142,679 shares of the financial services provider’s stock worth $74,515,000 after purchasing an additional 10,477 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Simply Good Foods Stock Up 2.3 %

NASDAQ:SMPL opened at $36.53 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. The firm has a market cap of $3.69 billion, a P/E ratio of 25.91, a P/E/G ratio of 3.23 and a beta of 0.65. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $40.53. The firm has a 50-day simple moving average of $36.97 and a two-hundred day simple moving average of $36.05.

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. 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 during the quarter, compared to analyst estimates of $347.32 million. During the same period in the previous year, the business earned $0.43 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Analysts predict that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on SMPL shares. Mizuho dropped their target price 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. Citigroup dropped their price objective on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.22.

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.