Illinois Municipal Retirement Fund Buys 3,743 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Illinois Municipal Retirement Fund lifted its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 7.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 54,806 shares of the financial services provider’s stock after purchasing an additional 3,743 shares during the period. Illinois Municipal Retirement Fund owned 0.05% of Simply Good Foods worth $1,865,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Simply Good Foods by 2.4% in the third quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider’s stock worth $379,461,000 after acquiring an additional 259,144 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Simply Good Foods by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,892,217 shares of the financial services provider’s stock worth $114,535,000 after acquiring an additional 82,235 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Simply Good Foods by 17.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,930,744 shares of the financial services provider’s stock worth $76,457,000 after acquiring an additional 281,603 shares in the last quarter. Congress Asset Management Co. MA increased its holdings in shares of Simply Good Foods by 7.4% in the first quarter. Congress Asset Management Co. MA now owns 1,313,011 shares of the financial services provider’s stock worth $44,682,000 after acquiring an additional 90,154 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Simply Good Foods in the fourth quarter worth about $39,991,000. Institutional investors own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

SMPL has been the subject of a number of research reports. TD Cowen initiated coverage on Simply Good Foods in a report on Monday, April 22nd. They set a “hold” rating and a $34.00 price objective for the company. Morgan Stanley restated an “overweight” rating and issued a $42.00 price target on shares of Simply Good Foods in a research note on Thursday, April 11th. DA Davidson raised their price target on Simply Good Foods from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, July 1st. Mizuho restated a “buy” rating and issued a $50.00 price target on shares of Simply Good Foods in a research note on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Simply Good Foods from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Friday, June 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.29.

Simply Good Foods Price Performance

Shares of SMPL stock remained flat at $36.66 on Friday. The company had a trading volume of 684,558 shares, compared to its average volume of 818,215. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.19 and a quick ratio of 4.05. The Simply Good Foods Company has a one year low of $30.00 and a one year high of $43.00. The firm has a market cap of $3.67 billion, a P/E ratio of 25.28, a P/E/G ratio of 2.60 and a beta of 0.61. The company has a 50-day simple moving average of $36.89 and a 200 day simple moving average of $36.40.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Thursday, June 27th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Simply Good Foods had a return on equity of 10.28% and a net margin of 11.49%. The company had revenue of $334.80 million for the quarter, compared to analysts’ expectations of $337.66 million. During the same period last year, the firm earned $0.40 earnings per share. Simply Good Foods’s quarterly revenue was up 3.1% on a year-over-year basis. Research analysts expect that The Simply Good Foods Company will post 1.69 EPS for the current year.

Insider Activity

In other news, Director James D. White sold 4,000 shares of Simply Good Foods stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $38.17, for a total transaction of $152,680.00. Following the completion of the transaction, the director now directly owns 17,027 shares in the company, valued at $649,920.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 10.98% of the company’s stock.

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.