Massachusetts Financial Services Co. MA Purchases 121,117 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Massachusetts Financial Services Co. MA raised its position in The Simply Good Foods Company (NASDAQ:SMPL) by 15.4% during the 4th quarter, HoldingsChannel reports. The fund owned 908,884 shares of the financial services provider’s stock after buying an additional 121,117 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Simply Good Foods were worth $35,428,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Simply Good Foods during the fourth quarter worth $26,000. CIBC Private Wealth Group LLC boosted its stake in shares of Simply Good Foods by 72.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider’s stock worth $38,000 after buying an additional 445 shares during the last quarter. Quarry LP grew its holdings in shares of Simply Good Foods by 64.7% in the 3rd quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 533 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Simply Good Foods by 255.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 1,229 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Simply Good Foods by 215.6% during the fourth 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. Institutional investors and hedge funds own 88.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on SMPL shares. Mizuho decreased 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 shares of Simply Good Foods in a research note on Monday, March 24th. They issued an “equal weight” rating and a $36.00 target price for the company. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Simply Good Foods presently has an average rating of “Moderate Buy” and a consensus target price of $39.56.

Simply Good Foods Trading Down 2.5 %

SMPL stock opened at $33.85 on Friday. The Simply Good Foods Company has a one year low of $31.25 and a one year high of $40.53. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63. The company has a fifty day moving average price of $36.14 and a two-hundred day moving average price of $36.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 EPS for the quarter, topping the consensus estimate 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 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 quarter in the previous year, the firm posted $0.43 EPS. Equities analysts anticipate that The Simply Good Foods Company will post 1.78 EPS for the current year.

About Simply Good Foods

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.