South Dakota Investment Council Invests $1.19 Million in The Simply Good Foods Company (NASDAQ:SMPL)

South Dakota Investment Council acquired a new stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 30,563 shares of the financial services provider’s stock, valued at approximately $1,191,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of Simply Good Foods by 20.0% during the 3rd quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock valued at $178,329,000 after buying an additional 855,070 shares during the period. Champlain Investment Partners LLC raised its holdings in shares of Simply Good Foods by 4.0% during the third quarter. Champlain Investment Partners LLC now owns 4,063,878 shares of the financial services provider’s stock worth $141,301,000 after acquiring an additional 155,894 shares in the last quarter. State Street Corp boosted its position in Simply Good Foods by 6.0% during the third quarter. State Street Corp now owns 3,666,190 shares of the financial services provider’s stock valued at $127,473,000 after purchasing an additional 208,070 shares during the last quarter. Boston Trust Walden Corp grew its stake in Simply Good Foods by 31.3% in the fourth quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider’s stock valued at $118,171,000 after purchasing an additional 722,963 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Simply Good Foods by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,142,679 shares of the financial services provider’s stock valued at $74,515,000 after purchasing an additional 10,477 shares in the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.

Simply Good Foods Stock Up 0.5 %

Shares of Simply Good Foods stock opened at $37.31 on Monday. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $40.53. The stock has a market capitalization of $3.77 billion, a P/E ratio of 26.46, a PEG ratio of 3.23 and a beta of 0.65. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $37.38 and a two-hundred day moving average price of $35.78.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $341.30 million for the quarter, compared to analyst estimates of $347.32 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. Simply Good Foods’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. Equities analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SMPL. Citigroup cut their price target on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Mizuho reduced their target price on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Simply Good Foods has a consensus rating of “Moderate Buy” and a consensus target price of $40.22.

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.