The Simply Good Foods Company (NASDAQ:SMPL) Stock Holdings Increased by TD Private Client Wealth LLC

TD Private Client Wealth LLC boosted its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 20.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,512 shares of the financial services provider’s stock after acquiring an additional 937 shares during the period. TD Private Client Wealth LLC’s holdings in Simply Good Foods were worth $215,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of 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 worth $178,329,000 after purchasing an additional 855,070 shares in the last quarter. State Street Corp raised its position in Simply Good Foods by 6.0% during the third quarter. State Street Corp now owns 3,666,190 shares of the financial services provider’s stock valued at $127,473,000 after acquiring an additional 208,070 shares in the last quarter. Boston Trust Walden Corp lifted 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 valued at $118,171,000 after acquiring an additional 722,963 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Simply Good Foods by 0.5% during the 3rd 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 during the last quarter. Finally, Boston Partners raised its holdings in shares of Simply Good Foods by 109.0% during the 4th quarter. Boston Partners now owns 1,221,285 shares of the financial services provider’s stock valued at $47,287,000 after purchasing an additional 637,038 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Mizuho decreased their price objective on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Morgan Stanley began coverage on Simply Good Foods in a report on Monday. They set an “equal weight” rating and a $36.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.56.

Simply Good Foods Trading Down 0.6 %

Shares of NASDAQ:SMPL opened at $33.21 on Wednesday. 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 debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. The company has a market cap of $3.36 billion, a P/E ratio of 23.55, a P/E/G ratio of 3.23 and a beta of 0.65. The stock’s 50-day moving average is $36.30 and its 200-day moving average is $36.25.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $341.30 million for the quarter, compared to analyst estimates of $347.32 million. During the same quarter last year, the firm posted $0.43 EPS. The company’s revenue was up 10.6% on a year-over-year basis. Equities research analysts predict that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

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.