MetLife Investment Advisors LLC cut its holdings in shares of Simply Good Foods Co (NASDAQ:SMPL) by 41.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,653 shares of the financial services provider’s stock after selling 18,653 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Simply Good Foods were worth $504,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SMPL. First Quadrant L P CA purchased a new position in Simply Good Foods during the fourth quarter worth about $73,000. Meeder Asset Management Inc. purchased a new position in Simply Good Foods during the fourth quarter worth about $101,000. Macquarie Group Ltd. purchased a new position in Simply Good Foods during the third quarter worth about $173,000. United Services Automobile Association purchased a new position in Simply Good Foods during the fourth quarter worth about $245,000. Finally, ZWJ Investment Counsel Inc. purchased a new position in Simply Good Foods during the fourth quarter worth about $290,000. Hedge funds and other institutional investors own 85.06% of the company’s stock.

A number of brokerages have commented on SMPL. Zacks Investment Research raised shares of Simply Good Foods from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, December 18th. SunTrust Banks downgraded shares of Simply Good Foods from a “buy” rating to a “hold” rating and reduced their target price for the stock from $25.00 to $23.00 in a research note on Tuesday. They noted that the move was a valuation call. Buckingham Research lifted their target price on shares of Simply Good Foods from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Stifel Nicolaus lifted their target price on shares of Simply Good Foods from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, January 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Simply Good Foods has an average rating of “Buy” and a consensus target price of $21.40.

Shares of SMPL stock opened at $22.45 on Thursday. The company has a current ratio of 9.17, a quick ratio of 7.85 and a debt-to-equity ratio of 0.23. Simply Good Foods Co has a 12 month low of $12.14 and a 12 month high of $23.29. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 38.71 and a beta of 0.69.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Thursday, April 4th. The financial services provider reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $123.80 million for the quarter, compared to the consensus estimate of $121.91 million. Simply Good Foods had a net margin of 10.17% and a return on equity of 6.34%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, research analysts anticipate that Simply Good Foods Co will post 0.64 EPS for the current fiscal year.

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Simply Good Foods Profile

The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.

Further Reading: Understanding Market Liquidity

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Institutional Ownership by Quarter for Simply Good Foods (NASDAQ:SMPL)

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