New York State Teachers Retirement System Sells 8,936 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

New York State Teachers Retirement System lowered its position in The Simply Good Foods Company (NASDAQ:SMPL) by 8.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 103,119 shares of the financial services provider’s stock after selling 8,936 shares during the quarter. New York State Teachers Retirement System’s holdings in Simply Good Foods were worth $4,020,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SMPL. R Squared Ltd bought a new position in shares of Simply Good Foods during the 4th quarter valued at about $26,000. Quarry LP grew its stake in Simply Good Foods by 64.7% in the 3rd quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 533 shares in the last quarter. GAMMA Investing LLC grew its stake in Simply Good Foods by 215.6% in the 4th quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 1,201 shares in the last quarter. KBC Group NV boosted its stake in shares of Simply Good Foods by 31.9% during the third quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 746 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Simply Good Foods by 39.5% during the fourth quarter. Pacer Advisors Inc. now owns 3,450 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 976 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

SMPL has been the subject of several recent analyst reports. Citigroup lowered their target price on shares of 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 report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.22.

Simply Good Foods Stock Down 0.7 %

Shares of NASDAQ SMPL opened at $37.11 on Friday. The company’s 50-day simple moving average is $37.43 and its 200-day simple moving average is $35.69. The Simply Good Foods Company has a 52-week low of $30.00 and a 52-week high of $40.53. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 3.24 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.

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