State of New Jersey Common Pension Fund D Has $2.18 Million Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

State of New Jersey Common Pension Fund D boosted its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 23.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,573 shares of the financial services provider’s stock after buying an additional 11,951 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.06% of Simply Good Foods worth $2,176,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Swiss National Bank boosted its stake in shares of Simply Good Foods by 0.4% in the 1st quarter. Swiss National Bank now owns 187,100 shares of the financial services provider’s stock valued at $6,367,000 after purchasing an additional 700 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Simply Good Foods by 6.2% during the first quarter. ProShare Advisors LLC now owns 19,512 shares of the financial services provider’s stock worth $664,000 after buying an additional 1,132 shares during the last quarter. SageView Advisory Group LLC acquired a new position in shares of Simply Good Foods during the first quarter worth $176,000. Jupiter Asset Management Ltd. bought a new position in shares of Simply Good Foods in the 1st quarter valued at $3,389,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Simply Good Foods by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 11,099,351 shares of the financial services provider’s stock valued at $377,711,000 after acquiring an additional 174,157 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

SMPL has been the subject of several research reports. Stephens dropped their target price on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Citigroup dropped their price objective on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a report on Thursday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Simply Good Foods has a consensus rating of “Moderate Buy” and a consensus price target of $40.78.

Simply Good Foods Stock Performance

NASDAQ:SMPL opened at $37.32 on Friday. The company has a market capitalization of $3.74 billion, a PE ratio of 27.04, a P/E/G ratio of 3.25 and a beta of 0.64. 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 0.23, a quick ratio of 2.75 and a current ratio of 4.05. The company has a 50 day simple moving average of $34.15 and a two-hundred day simple moving average of $34.95.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. The business had revenue of $375.70 million during the quarter, compared to the consensus estimate of $373.07 million. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. Simply Good Foods’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. Research analysts anticipate that The Simply Good Foods Company will post 1.76 earnings per share for the current year.

Insider Activity

In other news, insider Timothy Richard Kraft sold 21,209 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.50, for a total transaction of $774,128.50. Following the transaction, the insider now owns 40,068 shares in the company, valued at approximately $1,462,482. This represents a 34.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Timothy Allen Matthews sold 5,325 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $37.31, for a total value of $198,675.75. Following the completion of the sale, the chief accounting officer now owns 17,063 shares of the company’s stock, valued at approximately $636,620.53. This represents a 23.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 251,108 shares of company stock valued at $9,253,356 in the last ninety days. 10.98% of the stock is owned by company insiders.

Simply Good Foods 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.