40,000 Shares in Simply Good Foods Co (NASDAQ:SMPL) Acquired by Segall Bryant & Hamill LLC

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.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, April 4th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. Simply Good Foods had a return on equity of 6.34% and a net margin of 10.17%. The firm had revenue of $123.80 million for the quarter, compared to analyst estimates of $121.91 million. The company’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, research analysts predict that Simply Good Foods Co will post 0.64 EPS for the current year.

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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Institutional Ownership by Quarter for Simply Good Foods (NASDAQ:SMPL)

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