Thrivent Financial for Lutherans Sells 1,064 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Thrivent Financial for Lutherans reduced its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,495 shares of the financial services provider’s stock after selling 1,064 shares during the period. Thrivent Financial for Lutherans owned 0.07% of Simply Good Foods worth $2,748,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Stifel Financial Corp lifted its holdings in shares of Simply Good Foods by 1.9% in the 3rd quarter. Stifel Financial Corp now owns 26,688 shares of the financial services provider’s stock worth $928,000 after purchasing an additional 498 shares in the last quarter. Cynosure Group LLC lifted its stake in shares of Simply Good Foods by 4.9% in the third quarter. Cynosure Group LLC now owns 10,659 shares of the financial services provider’s stock valued at $371,000 after buying an additional 500 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Simply Good Foods by 3.9% in the third quarter. HighTower Advisors LLC now owns 13,504 shares of the financial services provider’s stock valued at $473,000 after buying an additional 501 shares in the last quarter. Quarry LP increased its position in shares of Simply Good Foods by 64.7% during the third 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. Finally, R Squared Ltd acquired a new stake in shares of Simply Good Foods in the 4th quarter worth about $26,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Analyst Ratings Changes

SMPL has been the subject of a number of analyst reports. Mizuho cut their price target on 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. Morgan Stanley initiated coverage on Simply Good Foods in a research report on Monday. They set an “equal weight” rating and a $36.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Simply Good Foods presently has an average rating of “Moderate Buy” and a consensus target price of $39.56.

Simply Good Foods Stock Performance

Shares of SMPL opened at $34.05 on Friday. The stock has a 50 day moving average of $36.32 and a 200 day moving average of $36.21. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20. The Simply Good Foods Company has a 12 month low of $30.00 and a 12 month high of $40.53. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 3.23 and a beta of 0.65.

Simply Good Foods (NASDAQ:SMPL) last released 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. The company had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $347.32 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. As a group, sell-side analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share for the current 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.