Parkside Financial Bank & Trust Purchases 433 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Parkside Financial Bank & Trust grew its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 103.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 853 shares of the financial services provider’s stock after purchasing an additional 433 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Simply Good Foods were worth $34,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. FMR LLC boosted its stake in Simply Good Foods by 42.3% during the 3rd quarter. FMR LLC now owns 2,761,132 shares of the financial services provider’s stock valued at $95,314,000 after purchasing an additional 820,801 shares during the period. Vanguard Group Inc. boosted its position in shares of Simply Good Foods by 2.4% in the third quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider’s stock valued at $379,461,000 after acquiring an additional 259,144 shares during the period. Congress Asset Management Co. MA grew its stake in shares of Simply Good Foods by 25.7% in the third quarter. Congress Asset Management Co. MA now owns 1,116,945 shares of the financial services provider’s stock worth $38,557,000 after acquiring an additional 228,383 shares during the last quarter. Invesco Ltd. grew its stake in shares of Simply Good Foods by 8.1% in the third quarter. Invesco Ltd. now owns 1,614,065 shares of the financial services provider’s stock worth $55,718,000 after acquiring an additional 120,311 shares during the last quarter. Finally, Strs Ohio increased its position in Simply Good Foods by 2,416.3% during the fourth quarter. Strs Ohio now owns 108,200 shares of the financial services provider’s stock worth $4,284,000 after acquiring an additional 103,900 shares during the period. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Stock Down 0.6 %

Shares of SMPL opened at $34.40 on Friday. The company has a quick ratio of 3.09, a current ratio of 4.20 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $33.81 and a two-hundred day moving average price of $36.72. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 24.75, a P/E/G ratio of 2.56 and a beta of 0.69. The Simply Good Foods Company has a 12 month low of $30.00 and a 12 month high of $43.00.

Wall Street Analyst Weigh In

SMPL has been the topic of several research analyst reports. Needham & Company LLC decreased their price target on shares of Simply Good Foods from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Stifel Nicolaus lowered their price target on Simply Good Foods from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Mizuho reiterated a “buy” rating and issued a $50.00 price objective on shares of Simply Good Foods in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $42.00 price objective (up previously from $41.00) on shares of Simply Good Foods in a report on Tuesday, January 2nd. Finally, TD Cowen started coverage on Simply Good Foods in a research note on Monday, April 22nd. They issued a “hold” rating and a $34.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.14.

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.