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

TD Private Client Wealth LLC grew its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 20.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,512 shares of the financial services provider’s stock after buying 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 filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SMPL. Stifel Financial Corp increased its stake 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 valued at $928,000 after buying an additional 498 shares during the period. Cynosure Group LLC boosted 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 valued at $371,000 after acquiring an additional 500 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Simply Good Foods by 3.9% during the third 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 holdings in Simply Good Foods by 64.7% during 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 in the last quarter. Finally, R Squared Ltd acquired a new stake in Simply Good Foods in the fourth quarter worth approximately $26,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Simply Good Foods Trading Down 0.6 %

Shares of SMPL opened at $33.21 on Wednesday. The business’s 50-day moving average price is $36.30 and its 200 day moving average price is $36.25. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20. The stock has a market capitalization 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 Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $341.30 million for the quarter, compared to the consensus estimate of $347.32 million. During the same period last year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on SMPL shares. Mizuho dropped their price objective 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. Morgan Stanley initiated coverage on shares of Simply Good Foods in a research report on Monday. They issued an “equal weight” rating and a $36.00 price target on the stock. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.56.

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.