SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 10.2% Stake in Simply Good Foods Co.

Investment management firm FMR LLC and its Chief Executive Officer, Abigail P. Johnson, have reported a combined beneficial ownership of 10.2% in Simply Good Foods Co., totaling over 10.3 million shares as of February 28, 2025.

Summary

• FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 10,308,600.18 shares of Simply Good Foods Co. common stock.
• This ownership represents 10.2% of the total outstanding common stock of Simply Good Foods Co.
• FMR LLC holds sole voting power over 10,304,028.00 shares and sole dispositive power over 10,308,600.18 shares.
• Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, is deemed to have sole dispositive power over 10,308,600.18 shares.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• FMR LLC's subsidiaries, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, and Strategic Advisers LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment regarding the company's performance or prospects. It is a neutral, compliance-driven filing.

Positives

• The disclosure of a significant 10.2% stake by a major institutional investor like FMR LLC and its CEO can be interpreted as a vote of confidence in Simply Good Foods Co.'s long-term prospects.
• The statement that the shares were acquired and are held in the ordinary course of business, and not for control purposes, suggests a stable, long-term investment rather than an activist position.

Risks

• The filing explicitly states that the securities were not acquired or held for the purpose or with the effect of changing or influencing the control of the issuer, mitigating potential risks associated with activist investor intervention.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding the issuer's future performance or outlook.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing represents a standard disclosure of a significant institutional investment in a publicly traded company within the consumer packaged goods sector. It reflects a major asset manager's portfolio allocation rather than a specific industry trend or competitive action.

Stakeholder Impact

• Shareholders may view the significant stake held by FMR LLC and Abigail P. Johnson as a positive indicator of institutional confidence in the company, potentially influencing investor sentiment.

Key Dates

Keywords

Simply Good Foods Co., FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investment, Equity Stake, SEC Filing