Hillsdale Investment Management Inc. Sells 32,900 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Hillsdale Investment Management Inc. decreased its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 29.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 79,400 shares of the financial services provider’s stock after selling 32,900 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Simply Good Foods were worth $3,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of SMPL. FMR LLC grew its stake in shares of Simply Good Foods by 20.0% in the third quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock valued at $178,329,000 after acquiring an additional 855,070 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Simply Good Foods during the 3rd quarter worth approximately $27,391,000. Boston Trust Walden Corp increased its holdings in shares of Simply Good Foods by 31.3% during the fourth quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider’s stock worth $118,171,000 after purchasing an additional 722,963 shares during the period. Boston Partners raised its position in shares of Simply Good Foods by 109.0% in the fourth quarter. Boston Partners now owns 1,221,285 shares of the financial services provider’s stock valued at $47,287,000 after buying an additional 637,038 shares in the last quarter. Finally, Weiss Asset Management LP bought a new stake in shares of Simply Good Foods in the third quarter valued at approximately $12,051,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Mizuho lowered their price objective on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.22.

Simply Good Foods Stock Performance

Shares of SMPL stock opened at $33.00 on Friday. The business’s 50-day moving average price is $36.34 and its 200-day moving average price is $36.22. 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 current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 3.23 and a beta of 0.65.

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

Simply Good Foods Company 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.