The Simply Good Foods Company (NASDAQ:SMPL) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC raised its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,123 shares of the financial services provider’s stock after buying an additional 2,422 shares during the period. MetLife Investment Management LLC owned approximately 0.05% of Simply Good Foods worth $2,149,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SMPL. FMR LLC grew its stake in shares of Simply Good Foods by 86.5% during the fourth quarter. FMR LLC now owns 9,566,199 shares of the financial services provider’s stock worth $372,890,000 after purchasing an additional 4,437,372 shares in the last quarter. Norges Bank purchased a new stake in shares of Simply Good Foods in the fourth quarter valued at about $44,006,000. Boston Trust Walden Corp raised its holdings in Simply Good Foods by 31.3% during the fourth quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider’s stock worth $118,171,000 after purchasing an additional 722,963 shares in the last quarter. Wellington Management Group LLP raised its holdings in 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 worth $138,232,000 after purchasing an additional 674,618 shares in the last quarter. Finally, Boston Partners raised its holdings in Simply Good Foods by 109.0% during the fourth 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. Institutional investors and hedge funds own 88.45% of the company’s stock.

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $37.25, for a total value of $186,250.00. Following the sale, the senior vice president now directly owns 12,839 shares of the company’s stock, valued at $478,252.75. This trade represents a 28.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.35% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. UBS Group assumed coverage on shares of Simply Good Foods in a report on Wednesday, April 23rd. They issued a “neutral” rating and a $41.00 target price for the company. Mizuho boosted their price target on Simply Good Foods from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, April 11th. DA Davidson upped their target price on Simply Good Foods from $35.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, April 11th. Finally, Morgan Stanley boosted their price target on Simply Good Foods from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Simply Good Foods Trading Up 0.7 %

NASDAQ:SMPL opened at $35.48 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. The Simply Good Foods Company has a one year low of $31.25 and a one year high of $40.53. The business’s 50-day simple moving average is $35.51 and its 200 day simple moving average is $36.51. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The business had revenue of $359.70 million for the quarter, compared to analysts’ expectations of $354.50 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The company’s revenue was up 15.2% compared to the same quarter last year. As a group, sell-side analysts predict that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

About Simply Good Foods

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.