Intrust Bank NA Has $205,000 Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Intrust Bank NA trimmed its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 12.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,252 shares of the financial services provider’s stock after selling 755 shares during the period. Intrust Bank NA’s holdings in Simply Good Foods were worth $205,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Simply Good Foods in the fourth quarter valued at $26,000. Quarry LP increased its position in Simply Good Foods by 64.7% in the 3rd quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 533 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Simply Good Foods by 255.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 1,229 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Simply Good Foods by 215.6% in the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 1,201 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Simply Good Foods by 119.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,555 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

SMPL has been the subject of several research analyst reports. Morgan Stanley initiated coverage on shares of Simply Good Foods in a research report on Monday, March 24th. They issued an “equal weight” rating and a $36.00 price objective for the company. Mizuho lowered their target price on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.56.

Simply Good Foods Stock Performance

SMPL stock opened at $34.40 on Monday. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $40.53. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.48 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 3.23 and a beta of 0.65. The business’s fifty day moving average is $36.33 and its 200-day moving average is $36.26.

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