Yousif Capital Management LLC Cuts Stake in The Simply Good Foods Company (NASDAQ:SMPL)

Yousif Capital Management LLC reduced its position in The Simply Good Foods Company (NASDAQ:SMPL) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 44,986 shares of the financial services provider’s stock after selling 1,775 shares during the period. Yousif Capital Management LLC’s holdings in Simply Good Foods were worth $1,781,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SMPL. Vanguard Group Inc. lifted its stake in shares of Simply Good Foods by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider’s stock worth $379,461,000 after acquiring an additional 259,144 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Simply Good Foods by 79.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 57,914 shares of the financial services provider’s stock valued at $1,999,000 after purchasing an additional 25,650 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Simply Good Foods in the third quarter worth about $2,877,000. Diversified Trust Co increased its stake in Simply Good Foods by 7.5% in the 4th quarter. Diversified Trust Co now owns 20,793 shares of the financial services provider’s stock worth $823,000 after buying an additional 1,453 shares during the period. Finally, Rhumbline Advisers boosted its position in Simply Good Foods by 4.0% in the 3rd quarter. Rhumbline Advisers now owns 259,500 shares of the financial services provider’s stock valued at $8,958,000 after buying an additional 10,073 shares during the period. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $41.00 target price on shares of Simply Good Foods in a research report on Tuesday. Mizuho reaffirmed a “buy” rating and set a $50.00 target price on shares of Simply Good Foods in a research report on Friday, April 5th. DA Davidson increased their price target on Simply Good Foods from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday. Stifel Nicolaus decreased their price objective on Simply Good Foods from $48.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Finally, TD Cowen started coverage on shares of Simply Good Foods in a report on Monday, April 22nd. They set a “hold” rating and a $34.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.29.

Simply Good Foods Price Performance

SMPL opened at $36.75 on Thursday. The business’s 50-day moving average is $33.78 and its two-hundred day moving average is $36.80. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.20 and a quick ratio of 3.09. The Simply Good Foods Company has a 1 year low of $30.00 and a 1 year high of $43.00. The firm has a market capitalization of $3.67 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.70 and a beta of 0.65.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Thursday, April 4th. The financial services provider reported $0.36 earnings per share for the quarter, beating 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%. Research analysts anticipate that The Simply Good Foods Company will post 1.71 earnings per share for the current fiscal year.

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.