The Simply Good Foods Company $SMPL Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its position in The Simply Good Foods Company (NASDAQ:SMPL) by 18.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 437,731 shares of the financial services provider’s stock after selling 99,738 shares during the period. JPMorgan Chase & Co. owned approximately 0.44% of Simply Good Foods worth $10,864,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp grew its holdings in Simply Good Foods by 0.4% in the 2nd quarter. State Street Corp now owns 3,645,749 shares of the financial services provider’s stock worth $115,169,000 after buying an additional 14,089 shares in the last quarter. Boston Trust Walden Corp grew its stake in shares of Simply Good Foods by 16.0% in the third quarter. Boston Trust Walden Corp now owns 3,520,960 shares of the financial services provider’s stock worth $87,390,000 after purchasing an additional 486,837 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Simply Good Foods by 2.5% during the second quarter. Geode Capital Management LLC now owns 2,310,861 shares of the financial services provider’s stock valued at $73,008,000 after purchasing an additional 55,727 shares during the period. Norges Bank bought a new stake in shares of Simply Good Foods during the second quarter valued at about $36,419,000. Finally, Boston Partners lifted its holdings in Simply Good Foods by 13.5% in the second quarter. Boston Partners now owns 1,006,498 shares of the financial services provider’s stock worth $31,569,000 after purchasing an additional 119,634 shares during the period. Institutional investors own 88.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SMPL. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $22.00 target price on shares of Simply Good Foods in a research report on Monday, December 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Simply Good Foods in a research note on Monday, December 29th. Zacks Research raised Simply Good Foods from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Simply Good Foods in a research note on Friday, January 9th. Finally, UBS Group reiterated a “neutral” rating on shares of Simply Good Foods in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Simply Good Foods currently has a consensus rating of “Hold” and an average target price of $29.67.

Simply Good Foods Trading Up 0.1%

Simply Good Foods stock opened at $16.39 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.24 and a current ratio of 5.01. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 2.13 and a beta of 0.26. The Simply Good Foods Company has a 1 year low of $15.30 and a 1 year high of $38.15. The firm’s 50 day moving average price is $18.51 and its two-hundred day moving average price is $21.51.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Thursday, January 8th. The financial services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $340.20 million during the quarter, compared to the consensus estimate of $337.64 million. Simply Good Foods had a return on equity of 9.56% and a net margin of 6.26%.The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. On average, research analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Simply Good Foods Company 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.