Teacher Retirement System of Texas Sells 29,866 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Teacher Retirement System of Texas reduced its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 15.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,255 shares of the financial services provider’s stock after selling 29,866 shares during the period. Teacher Retirement System of Texas’ holdings in Simply Good Foods were worth $6,325,000 as of its most recent SEC filing.

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

Simply Good Foods Price Performance

Shares of NASDAQ:SMPL opened at $33.00 on Monday. The company has a market capitalization of $3.33 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 3.23 and a beta of 0.65. The company’s 50-day moving average is $36.34 and its 200 day moving average is $36.24. 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 Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $40.53.

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

Analyst Upgrades and Downgrades

Separately, Mizuho reduced their target price on shares of 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. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Simply Good Foods has a consensus 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.