The Simply Good Foods Company (NASDAQ:SMPL) Holdings Raised by MetLife Investment Management LLC

MetLife Investment Management LLC lifted its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,123 shares of the financial services provider’s stock after purchasing an additional 2,422 shares during the quarter. MetLife Investment Management LLC’s holdings in Simply Good Foods were worth $2,149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Barclays PLC raised its holdings in Simply Good Foods by 396.7% during the 3rd quarter. Barclays PLC now owns 165,201 shares of the financial services provider’s stock worth $5,744,000 after buying an additional 131,939 shares during the period. Tidal Investments LLC raised its holdings in Simply Good Foods by 42.7% in the 3rd quarter. Tidal Investments LLC now owns 51,664 shares of the financial services provider’s stock worth $1,796,000 after acquiring an additional 15,455 shares during the period. Franklin Resources Inc. raised its holdings in Simply Good Foods by 2.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,065,941 shares of the financial services provider’s stock worth $36,402,000 after acquiring an additional 28,876 shares during the period. GAMMA Investing LLC raised its holdings 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 during the period. Finally, Fulton Bank N.A. increased its holdings in shares of Simply Good Foods by 12.0% during the 4th quarter. Fulton Bank N.A. now owns 10,682 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 1,146 shares during the period. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Price Performance

SMPL opened at $35.48 on Tuesday. The company has a fifty day simple moving average of $35.51 and a 200 day simple moving average of $36.51. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.58 billion, a P/E ratio of 25.16, a P/E/G ratio of 3.23 and a beta of 0.63. The Simply Good Foods Company has a 12 month low of $31.25 and a 12 month high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. The firm had revenue of $359.70 million for the quarter, compared to analyst estimates of $354.50 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. On average, research analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on SMPL shares. Mizuho boosted their price objective on shares of Simply Good Foods from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, April 11th. UBS Group initiated coverage on shares of Simply Good Foods in a research report on Wednesday, April 23rd. They issued a “neutral” rating and a $41.00 price target on the stock. DA Davidson boosted their target price on shares of Simply Good Foods from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, April 11th. Finally, Morgan Stanley boosted their target price on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Simply Good Foods currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Insider Activity

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $37.25, for a total value of $186,250.00. Following the sale, the senior vice president now directly owns 12,839 shares in the company, valued at $478,252.75. The trade was a 28.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 9.35% of the company’s stock.

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.