Strs Ohio acquired a new stake in shares of Simply Good Foods Co (NASDAQ:SMPL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,600 shares of the financial services provider’s stock, valued at approximately $254,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in SMPL. Virginia Retirement Systems ET AL purchased a new stake in shares of Simply Good Foods in the first quarter valued at $566,000. Swiss National Bank increased its stake in shares of Simply Good Foods by 15.6% in the first quarter. Swiss National Bank now owns 104,300 shares of the financial services provider’s stock worth $1,432,000 after acquiring an additional 14,100 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of Simply Good Foods in the first quarter worth $418,000. Alambic Investment Management L.P. acquired a new position in shares of Simply Good Foods in the first quarter worth $768,000. Finally, Northern Trust Corp increased its stake in shares of Simply Good Foods by 11.5% in the first quarter. Northern Trust Corp now owns 127,304 shares of the financial services provider’s stock worth $1,748,000 after acquiring an additional 13,110 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.
Simply Good Foods stock traded down $0.22 during mid-day trading on Friday, hitting $18.28. 675,427 shares of the company’s stock were exchanged, compared to its average volume of 562,502. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.88 and a quick ratio of 5.01. Simply Good Foods Co has a 1-year low of $11.01 and a 1-year high of $19.84.
Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Tuesday, July 10th. The financial services provider reported $0.10 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. The firm had revenue of $107.20 million for the quarter, compared to the consensus estimate of $102.24 million. Simply Good Foods had a net margin of 10.02% and a return on equity of 2.44%. Simply Good Foods’s revenue was up 11.1% compared to the same quarter last year. Sell-side analysts anticipate that Simply Good Foods Co will post 0.56 EPS for the current year.
A number of research firms have recently weighed in on SMPL. Zacks Investment Research raised shares of Simply Good Foods from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Wednesday, September 19th. Stifel Nicolaus upped their price target on shares of Simply Good Foods from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, July 11th. SunTrust Banks upped their price target on shares of Simply Good Foods to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, July 11th. Finally, Consumer Edge began coverage on shares of Simply Good Foods in a research note on Monday, July 2nd. They issued an “outperform” rating on the stock. Six research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $17.60.
About Simply Good Foods
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.
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