The Simply Good Foods Company (NASDAQ:SMPL) Insider Sells $774,128.50 in Stock

The Simply Good Foods Company (NASDAQ:SMPL) insider Timothy Richard Kraft sold 21,209 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.50, for a total value of $774,128.50. Following the transaction, the insider now owns 40,068 shares of the company’s stock, valued at approximately $1,462,482. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Simply Good Foods Trading Down 0.5 %

SMPL stock traded down $0.17 during midday trading on Tuesday, reaching $36.71. The company’s stock had a trading volume of 995,198 shares, compared to its average volume of 879,306. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 3.20 and a beta of 0.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.75 and a current ratio of 4.05. The Simply Good Foods Company has a 1 year low of $30.00 and a 1 year high of $43.00. The stock has a fifty day simple moving average of $33.91 and a two-hundred day simple moving average of $34.91.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The company had revenue of $375.70 million during the quarter, compared to analysts’ expectations of $373.07 million. During the same period last year, the business earned $0.41 earnings per share. Simply Good Foods’s quarterly revenue was up 17.3% on a year-over-year basis. On average, equities research analysts predict that The Simply Good Foods Company will post 1.76 EPS for the current year.

Analyst Ratings Changes

Separately, Stephens cut their target price on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

Institutional Investors Weigh In On Simply Good Foods

Several large investors have recently bought and sold shares of SMPL. UniSuper Management Pty Ltd acquired a new stake in shares of Simply Good Foods in the 1st quarter valued at approximately $615,000. Tidal Investments LLC boosted its holdings in Simply Good Foods by 215.8% in the first quarter. Tidal Investments LLC now owns 37,396 shares of the financial services provider’s stock valued at $1,273,000 after purchasing an additional 25,553 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of Simply Good Foods by 60.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 154,988 shares of the financial services provider’s stock worth $5,600,000 after purchasing an additional 58,553 shares during the period. Edgestream Partners L.P. acquired a new stake in Simply Good Foods in the 1st quarter valued at approximately $624,000. Finally, SG Americas Securities LLC boosted its stake in shares of Simply Good Foods by 671.9% during the 2nd quarter. SG Americas Securities LLC now owns 30,697 shares of the financial services provider’s stock worth $1,109,000 after acquiring an additional 26,720 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

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.