Illinois Municipal Retirement Fund Has $1.89 Million Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Illinois Municipal Retirement Fund boosted its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 8.7% in the fourth quarter, Holdings Channel reports. The firm owned 48,458 shares of the financial services provider’s stock after purchasing an additional 3,883 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Simply Good Foods were worth $1,889,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Edge Capital Group LLC acquired a new position in Simply Good Foods in the fourth quarter valued at about $466,000. South Dakota Investment Council acquired a new position in Simply Good Foods during the fourth quarter worth about $1,191,000. Handelsbanken Fonder AB raised its stake in Simply Good Foods by 34.9% during the fourth quarter. Handelsbanken Fonder AB now owns 990,500 shares of the financial services provider’s stock worth $38,610,000 after acquiring an additional 256,200 shares in the last quarter. CIBC Asset Management Inc acquired a new position in Simply Good Foods during the fourth quarter worth about $249,000. Finally, Sanctuary Advisors LLC acquired a new position in Simply Good Foods during the fourth quarter worth about $318,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

SMPL has been the subject of several research analyst reports. 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. Citigroup lowered their target price on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Three 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.22.

Simply Good Foods Stock Performance

Simply Good Foods stock opened at $37.75 on Friday. The business has a 50 day moving average of $37.20 and a 200-day moving average of $35.87. The Simply Good Foods Company has a 1 year low of $30.00 and a 1 year high of $40.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75. The company has a market capitalization of $3.81 billion, a P/E ratio of 26.77, a P/E/G ratio of 3.23 and a beta of 0.65.

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

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.