Massachusetts Financial Services Co. MA Has $35.43 Million Stock Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Massachusetts Financial Services Co. MA raised its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 15.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 908,884 shares of the financial services provider’s stock after purchasing an additional 121,117 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.90% of Simply Good Foods worth $35,428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SMPL. State Street Corp boosted its stake in Simply Good Foods by 6.0% in the 3rd quarter. State Street Corp now owns 3,666,190 shares of the financial services provider’s stock valued at $127,473,000 after buying an additional 208,070 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Simply Good Foods by 23.5% during the fourth quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider’s stock valued at $138,232,000 after acquiring an additional 674,618 shares during the period. Boston Trust Walden Corp boosted its stake in shares of Simply Good Foods by 31.3% in the 4th quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider’s stock valued at $118,171,000 after purchasing an additional 722,963 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Simply Good Foods by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,142,679 shares of the financial services provider’s stock worth $74,515,000 after purchasing an additional 10,477 shares during the last quarter. Finally, Boston Partners increased its position in shares of Simply Good Foods by 109.0% during the 4th quarter. Boston Partners now owns 1,221,285 shares of the financial services provider’s stock worth $47,287,000 after purchasing an additional 637,038 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Stock Down 2.5 %

Shares of SMPL opened at $33.85 on Friday. The business’s fifty day moving average price is $36.14 and its two-hundred day moving average price is $36.27. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 3.23 and a beta of 0.63. The Simply Good Foods Company has a 52 week low of $31.25 and a 52 week high of $40.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The firm had revenue of $341.30 million during the quarter, compared to analyst estimates of $347.32 million. During the same period last year, the company earned $0.43 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. On average, analysts predict that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SMPL. Morgan Stanley initiated coverage on shares of Simply Good Foods in a research report on Monday, March 24th. They issued an “equal weight” rating and a $36.00 price target on the stock. Mizuho reduced their target price on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Simply Good Foods presently has a consensus rating of “Moderate Buy” and an average price target of $39.56.

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.