Hilton Capital Management LLC Grows Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Hilton Capital Management LLC boosted its position in The Simply Good Foods Company (NASDAQ:SMPL) by 4.9% in the fourth quarter, HoldingsChannel reports. The firm owned 39,375 shares of the financial services provider’s stock after buying an additional 1,828 shares during the quarter. Hilton Capital Management LLC’s holdings in Simply Good Foods were worth $1,535,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. State of New Jersey Common Pension Fund D grew its holdings in shares of Simply Good Foods by 23.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 62,573 shares of the financial services provider’s stock valued at $2,176,000 after acquiring an additional 11,951 shares in the last quarter. Entropy Technologies LP bought a new position in Simply Good Foods in the 3rd quarter valued at $241,000. Victory Capital Management Inc. increased its position in shares of Simply Good Foods by 13.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,045,457 shares of the financial services provider’s stock valued at $36,351,000 after purchasing an additional 124,655 shares during the last quarter. KBC Group NV increased its position in shares of Simply Good Foods by 31.9% during the 3rd quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 746 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of Simply Good Foods by 21.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 187,549 shares of the financial services provider’s stock worth $6,521,000 after purchasing an additional 32,561 shares during the period. Institutional investors own 88.45% of the company’s stock.

Wall Street Analyst Weigh In

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

Simply Good Foods Stock Down 2.2 %

Shares of NASDAQ SMPL opened at $34.27 on Friday. 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 company has a market cap of $3.46 billion, a P/E ratio of 24.31, a P/E/G ratio of 3.23 and a beta of 0.65. The Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $40.53. The business has a 50-day simple moving average of $36.78 and a two-hundred day simple moving average of $36.12.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 EPS for the quarter, beating 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%. Simply Good Foods’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share. Research analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share 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.