Zurcher Kantonalbank Zurich Cantonalbank Increases Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 35.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,281 shares of the financial services provider’s stock after acquiring an additional 5,583 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Simply Good Foods were worth $843,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SMPL. Blue Trust Inc. lifted its stake in shares of Simply Good Foods by 18.8% in the 4th quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 292 shares during the last quarter. Arizona State Retirement System lifted its position in Simply Good Foods by 1.4% in the third quarter. Arizona State Retirement System now owns 26,927 shares of the financial services provider’s stock worth $930,000 after buying an additional 373 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in Simply Good Foods by 1.3% during the third quarter. Maryland State Retirement & Pension System now owns 33,367 shares of the financial services provider’s stock worth $1,152,000 after buying an additional 412 shares during the period. Pacer Advisors Inc. increased its position in Simply Good Foods by 121.5% during the fourth quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 457 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Simply Good Foods by 1.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 26,905 shares of the financial services provider’s stock valued at $929,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Simply Good Foods Price Performance

Shares of SMPL stock opened at $34.25 on Tuesday. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 2.54 and a beta of 0.69. The company has a current ratio of 4.20, a quick ratio of 3.09 and a debt-to-equity ratio of 0.14. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00. The stock has a fifty day simple moving average of $33.78 and a two-hundred day simple moving average of $36.76.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Thursday, April 4th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Simply Good Foods had a net margin of 11.12% and a return on equity of 10.12%. On average, analysts predict that The Simply Good Foods Company will post 1.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SMPL shares. TD Cowen began coverage on shares of Simply Good Foods in a report on Monday, April 22nd. They set a “hold” rating and a $34.00 price target on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $42.00 price target on shares of Simply Good Foods in a report on Thursday, April 11th. Mizuho restated a “buy” rating and set a $50.00 price objective on shares of Simply Good Foods in a report on Friday, April 5th. DA Davidson reduced their target price on Simply Good Foods from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, April 5th. Finally, Stifel Nicolaus lowered their target price on shares of Simply Good Foods from $48.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.14.

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.