6,379 Shares in The Simply Good Foods Company (NASDAQ:SMPL) Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc acquired a new position in The Simply Good Foods Company (NASDAQ:SMPL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,379 shares of the financial services provider’s stock, valued at approximately $249,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of Simply Good Foods by 20.0% during the 3rd quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock worth $178,329,000 after buying an additional 855,070 shares during the period. Champlain Investment Partners LLC grew its position in shares of Simply Good Foods by 4.0% during the 3rd quarter. Champlain Investment Partners LLC now owns 4,063,878 shares of the financial services provider’s stock worth $141,301,000 after buying an additional 155,894 shares during the period. State Street Corp grew its position in shares of Simply Good Foods by 6.0% during the 3rd quarter. State Street Corp now owns 3,666,190 shares of the financial services provider’s stock worth $127,473,000 after buying an additional 208,070 shares during the period. Boston Trust Walden Corp grew its position in shares of Simply Good Foods by 31.3% during the 4th quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider’s stock worth $118,171,000 after buying an additional 722,963 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Simply Good Foods by 0.5% during 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 buying an additional 10,477 shares during the period. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Simply Good Foods Price Performance

Shares of SMPL opened at $37.28 on Wednesday. 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 stock has a 50 day simple moving average of $37.28 and a 200 day simple moving average of $35.85. The Simply Good Foods Company has a 52-week low of $30.00 and a 52-week high of $40.53. The firm has a market capitalization of $3.77 billion, a PE ratio of 26.44, a P/E/G ratio of 3.23 and a beta of 0.65.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $341.30 million during the quarter, compared to analyst estimates of $347.32 million. During the same period in the previous year, the firm earned $0.43 EPS. Simply Good Foods’s quarterly revenue was up 10.6% compared to the same quarter last year. Sell-side analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on SMPL. Mizuho decreased their target price on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Citigroup decreased their target price on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Simply Good Foods has an average rating of “Moderate Buy” and a consensus price target of $40.22.

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.