US Bancorp DE Sells 3,155 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

US Bancorp DE cut its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 37.2% during the 4th quarter, Holdings Channel reports. The fund owned 5,315 shares of the financial services provider’s stock after selling 3,155 shares during the period. US Bancorp DE’s holdings in Simply Good Foods were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Parkside Financial Bank & Trust raised its position in Simply Good Foods by 119.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,555 shares during the period. Illinois Municipal Retirement Fund raised its position in Simply Good Foods by 8.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 48,458 shares of the financial services provider’s stock worth $1,889,000 after acquiring an additional 3,883 shares during the period. Edge Capital Group LLC bought a new position in Simply Good Foods in the fourth quarter worth approximately $466,000. South Dakota Investment Council bought a new stake in shares of Simply Good Foods during the 4th quarter valued at $1,191,000. Finally, Handelsbanken Fonder AB raised its position in shares of Simply Good Foods by 34.9% during the 4th quarter. Handelsbanken Fonder AB now owns 990,500 shares of the financial services provider’s stock valued at $38,610,000 after purchasing an additional 256,200 shares during the period. 88.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Mizuho decreased their price objective on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.22.

Simply Good Foods Stock Performance

SMPL opened at $34.53 on Friday. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 3.23 and a beta of 0.65. The company has a fifty day moving average of $36.58 and a 200 day moving average of $36.16. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two 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 posted its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.06. The company had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $347.32 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. Simply Good Foods’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the company posted $0.43 earnings per share. As a group, sell-side analysts forecast 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.