Segall Bryant & Hamill LLC acquired a new position in Simply Good Foods Co (NASDAQ:SMPL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 40,000 shares of the financial services provider’s stock, valued at approximately $756,000.
Other institutional investors have also modified their holdings of the company. First Quadrant L P CA acquired a new stake in shares of Simply Good Foods in the fourth quarter valued at $73,000. Meeder Asset Management Inc. acquired a new stake in shares of Simply Good Foods in the fourth quarter valued at $101,000. Macquarie Group Ltd. acquired a new stake in shares of Simply Good Foods in the third quarter valued at $173,000. United Services Automobile Association purchased a new position in Simply Good Foods in the fourth quarter valued at $245,000. Finally, ZWJ Investment Counsel Inc. purchased a new position in Simply Good Foods in the fourth quarter valued at $290,000. Institutional investors own 85.03% of the company’s stock.
Shares of SMPL stock traded down $0.06 during mid-day trading on Friday, hitting $22.64. 219,286 shares of the stock were exchanged, compared to its average volume of 401,432. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 39.03 and a beta of 0.69. Simply Good Foods Co has a 12-month low of $12.14 and a 12-month high of $23.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 7.85 and a current ratio of 9.17.
Several equities analysts recently commented on SMPL shares. Buckingham Research increased their target price on Simply Good Foods from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, April 5th. Stifel Nicolaus increased their target price on Simply Good Foods from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, January 4th. SunTrust Banks lowered Simply Good Foods from a “buy” rating to a “hold” rating and dropped their target price for the company from $25.00 to $23.00 in a report on Tuesday, April 9th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Simply Good Foods from a “hold” rating to a “sell” rating in a report on Saturday, January 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Simply Good Foods has an average rating of “Buy” and a consensus target price of $23.00.
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Simply Good Foods Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
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