Thornburg Investment Management Inc. Reduces Holdings in The Simply Good Foods Company $SMPL

Thornburg Investment Management Inc. lessened its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 95.4% during the 3rd quarter, Holdings Channel reports. The firm owned 11,885 shares of the financial services provider’s stock after selling 248,878 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Simply Good Foods were worth $295,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SMPL. California State Teachers Retirement System lifted its stake in Simply Good Foods by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 88,477 shares of the financial services provider’s stock valued at $2,795,000 after buying an additional 383 shares in the last quarter. NorthCrest Asset Manangement LLC raised its holdings in shares of Simply Good Foods by 6.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 8,843 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 510 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Simply Good Foods by 125.4% in the second quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 538 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Simply Good Foods by 3.4% in the first quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock valued at $656,000 after acquiring an additional 617 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Simply Good Foods by 3.2% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 20,927 shares of the financial services provider’s stock valued at $661,000 after acquiring an additional 658 shares during the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.

Simply Good Foods Stock Up 1.1%

Shares of SMPL opened at $17.05 on Friday. The Simply Good Foods Company has a fifty-two week low of $15.30 and a fifty-two week high of $38.16. The company’s fifty day moving average is $18.83 and its two-hundred day moving average is $21.94. The firm has a market cap of $1.58 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 2.20 and a beta of 0.25. The company has a quick ratio of 3.24, a current ratio of 5.01 and a debt-to-equity ratio of 0.23.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Thursday, January 8th. The financial services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. Simply Good Foods had a return on equity of 9.56% and a net margin of 6.26%.The business had revenue of $340.20 million for the quarter, compared to analyst estimates of $337.64 million. During the same period last year, the company posted $0.49 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. Analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Zacks Research raised shares of Simply Good Foods from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Mizuho set a $30.00 price objective on shares of Simply Good Foods in a research report on Thursday, January 15th. Sanford C. Bernstein reissued an “outperform” rating on shares of Simply Good Foods in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Simply Good Foods in a research note on Monday, December 29th. Finally, UBS Group reissued a “neutral” rating on shares of Simply Good Foods in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $29.67.

Simply Good Foods Profile

Simply Good Foods Co (NASDAQ: SMPL) is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.

Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.