The Simply Good Foods Company (NASDAQ:SMPL) Director Joseph Scalzo Sells 147,200 Shares

The Simply Good Foods Company (NASDAQ:SMPL) Director Joseph Scalzo sold 147,200 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $36.86, for a total transaction of $5,425,792.00. Following the completion of the sale, the director now directly owns 141,439 shares of the company’s stock, valued at $5,213,441.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Joseph Scalzo also recently made the following trade(s):

• On Friday, November 8th, Joseph Scalzo sold 2,374 shares of Simply Good Foods stock. The shares were sold at an average price of $36.23, for a total value of $86,010.02.
• On Wednesday, November 6th, Joseph Scalzo sold 25,000 shares of Simply Good Foods stock. The shares were sold at an average price of $35.99, for a total value of $899,750.00.

Simply Good Foods Stock Performance

SMPL stock traded down $0.17 during midday trading on Tuesday, hitting $36.71. The stock had a trading volume of 995,198 shares, compared to its average volume of 879,306. The Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $43.00. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 26.72, a P/E/G ratio of 3.20 and a beta of 0.64. The company has a current ratio of 4.05, a quick ratio of 2.75 and a debt-to-equity ratio of 0.23. The stock has a 50-day simple moving average of $33.91 and a 200 day simple moving average of $34.91.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. The firm had revenue of $375.70 million during the quarter, compared to analyst estimates of $373.07 million. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 EPS. As a group, equities research analysts anticipate that The Simply Good Foods Company will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Stephens cut their price objective on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.50.

Institutional Investors Weigh In On Simply Good Foods

Several hedge funds and other institutional investors have recently made changes to their positions in SMPL. American Century Companies Inc. boosted its position in Simply Good Foods by 1.8% during the 2nd quarter. American Century Companies Inc. now owns 19,943 shares of the financial services provider’s stock worth $721,000 after buying an additional 348 shares during the period. Fulton Bank N.A. increased its holdings in Simply Good Foods by 4.9% in the third quarter. Fulton Bank N.A. now owns 9,536 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 443 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Simply Good Foods by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 26,592 shares of the financial services provider’s stock worth $961,000 after buying an additional 533 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Simply Good Foods by 182.4% during the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock worth $31,000 after buying an additional 549 shares during the period. Finally, Swiss National Bank lifted its position in shares of Simply Good Foods by 0.4% during the 1st quarter. Swiss National Bank now owns 187,100 shares of the financial services provider’s stock valued at $6,367,000 after acquiring an additional 700 shares during the period. 88.45% of the stock is owned by institutional investors.

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.