Lindbrook Capital LLC Has $54,000 Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Lindbrook Capital LLC cut its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 20.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,369 shares of the financial services provider’s stock after selling 355 shares during the period. Lindbrook Capital LLC’s holdings in Simply Good Foods were worth $54,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SMPL. FMR LLC increased its stake in shares of Simply Good Foods by 42.3% in the 3rd quarter. FMR LLC now owns 2,761,132 shares of the financial services provider’s stock valued at $95,314,000 after acquiring an additional 820,801 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Simply Good Foods by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider’s stock valued at $379,461,000 after acquiring an additional 259,144 shares during the last quarter. Congress Asset Management Co. MA increased its stake in shares of Simply Good Foods by 25.7% in the 3rd quarter. Congress Asset Management Co. MA now owns 1,116,945 shares of the financial services provider’s stock valued at $38,557,000 after acquiring an additional 228,383 shares during the last quarter. Invesco Ltd. increased its stake in Simply Good Foods by 8.1% during the 3rd quarter. Invesco Ltd. now owns 1,614,065 shares of the financial services provider’s stock worth $55,718,000 after purchasing an additional 120,311 shares in the last quarter. Finally, Strs Ohio increased its stake in Simply Good Foods by 2,416.3% during the 4th quarter. Strs Ohio now owns 108,200 shares of the financial services provider’s stock worth $4,284,000 after purchasing an additional 103,900 shares in the last quarter. 88.45% of the stock is owned by institutional investors.

Simply Good Foods Price Performance

NASDAQ SMPL opened at $34.62 on Friday. The company has a quick ratio of 3.09, a current ratio of 4.20 and a debt-to-equity ratio of 0.14. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $43.00. The company has a market capitalization of $3.46 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 2.54 and a beta of 0.69. The firm’s 50 day moving average is $33.84 and its 200-day moving average is $36.73.

Wall Street Analyst Weigh In

SMPL has been the topic of several research analyst reports. Stifel Nicolaus dropped their target price on shares of Simply Good Foods from $48.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Mizuho restated a “buy” rating and set a $50.00 target price on shares of Simply Good Foods in a report on Friday, April 5th. Morgan Stanley restated an “overweight” rating and set a $42.00 target price on shares of Simply Good Foods in a report on Thursday, April 11th. Needham & Company LLC dropped their target price on shares of Simply Good Foods from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, TD Cowen initiated coverage on shares of Simply Good Foods in a report on Monday. They set a “hold” rating and a $34.00 target price on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.14.

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.