Principal Financial Group Inc. Has $37.18 Million Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Principal Financial Group Inc. lessened its position in The Simply Good Foods Company (NASDAQ:SMPL) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 953,821 shares of the financial services provider’s stock after selling 44,885 shares during the period. Principal Financial Group Inc.’s holdings in Simply Good Foods were worth $37,180,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Nkcfo LLC purchased a new position in shares of Simply Good Foods during the fourth quarter valued at approximately $234,000. Congress Asset Management Co. boosted its position in shares of Simply Good Foods by 17.3% during the fourth quarter. Congress Asset Management Co. now owns 313,672 shares of the financial services provider’s stock valued at $12,227,000 after buying an additional 46,375 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Simply Good Foods by 1.2% during the fourth quarter. Rhumbline Advisers now owns 253,799 shares of the financial services provider’s stock valued at $9,893,000 after buying an additional 2,990 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Simply Good Foods by 42.9% during the fourth quarter. Blue Trust Inc. now owns 5,568 shares of the financial services provider’s stock valued at $217,000 after buying an additional 1,671 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. boosted its position in shares of Simply Good Foods by 39.3% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 302,900 shares of the financial services provider’s stock valued at $11,807,000 after buying an additional 85,400 shares during the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SMPL shares. Citigroup cut their target price on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Mizuho cut their target price on 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.22.

Simply Good Foods Stock Performance

Shares of Simply Good Foods stock opened at $37.31 on Friday. The business’s fifty day simple moving average is $37.38 and its 200 day simple moving average is $35.73. The firm has a market capitalization of $3.77 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 3.26 and a beta of 0.65. The Simply Good Foods Company has a 12 month low of $30.00 and a 12 month high of $40.53. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $341.30 million for the quarter, compared to analyst estimates of $347.32 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. Simply Good Foods’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. As a group, analysts anticipate that The Simply Good Foods Company will post 1.78 EPS for the current year.

Simply Good Foods 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.