PNC Financial Services Group Inc. cut its position in shares of The Simply Good Foods Company (NASDAQ:SMPL – Free Report) by 10.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,960 shares of the financial services provider’s stock after selling 700 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Simply Good Foods were worth $236,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of SMPL. Quantbot Technologies LP increased its position in shares of Simply Good Foods by 24.4% during the 3rd quarter. Quantbot Technologies LP now owns 8,108 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 1,590 shares during the last quarter. Amalgamated Bank grew its position in Simply Good Foods by 2.5% during the 3rd quarter. Amalgamated Bank now owns 40,444 shares of the financial services provider’s stock worth $1,396,000 after acquiring an additional 1,004 shares during the last quarter. Swiss National Bank grew its position in Simply Good Foods by 1.0% during the 3rd quarter. Swiss National Bank now owns 207,900 shares of the financial services provider’s stock worth $7,177,000 after acquiring an additional 2,100 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Simply Good Foods by 8.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 804,796 shares of the financial services provider’s stock worth $27,782,000 after acquiring an additional 60,000 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in Simply Good Foods by 79.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 57,914 shares of the financial services provider’s stock worth $1,999,000 after acquiring an additional 25,650 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
SMPL has been the topic of several recent research reports. TD Cowen initiated coverage on Simply Good Foods in a research report on Monday, April 22nd. They set a “hold” rating and a $34.00 price target on the stock. Stifel Nicolaus reduced their price target on Simply Good Foods from $48.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. DA Davidson raised their price target on Simply Good Foods from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Needham & Company LLC restated a “buy” rating and set a $41.00 price target on shares of Simply Good Foods in a research report on Tuesday, April 30th. Finally, Morgan Stanley restated an “overweight” rating and set a $42.00 price target on shares of Simply Good Foods in a research report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Simply Good Foods presently has an average rating of “Moderate Buy” and a consensus target price of $40.29.
View Our Latest Report on Simply Good Foods
Simply Good Foods Trading Down 0.7 %
NASDAQ SMPL opened at $37.10 on Friday. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $43.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.09 and a current ratio of 4.20. The stock has a 50 day simple moving average of $35.43 and a two-hundred day simple moving average of $36.99. The stock has a market cap of $3.71 billion, a P/E ratio of 26.69, a price-to-earnings-growth ratio of 2.31 and a beta of 0.65.
Simply Good Foods (NASDAQ:SMPL – Get Free Report) last released its earnings results on Thursday, April 4th. The financial services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Simply Good Foods had a return on equity of 10.12% and a net margin of 11.12%. On average, analysts forecast that The Simply Good Foods Company will post 1.7 earnings per share for the current year.
Insider Activity
In other news, Director James D. White sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $38.17, for a total value of $152,680.00. Following the completion of the transaction, the director now owns 17,027 shares in the company, valued at approximately $649,920.59. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 10.98% of the stock is currently owned by company insiders.
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.
Featured Stories
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Source: defenseworld.net
