The Simply Good Foods Company (NASDAQ:SMPL) Insider Timothy Richard Kraft Sells 76,761 Shares

The Simply Good Foods Company (NASDAQ:SMPL) insider Timothy Richard Kraft sold 76,761 shares of Simply Good Foods stock in a transaction on Monday, November 18th. The shares were sold at an average price of $37.60, for a total transaction of $2,886,213.60. Following the completion of the transaction, the insider now owns 40,068 shares in the company, valued at approximately $1,506,556.80. This represents a 65.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Timothy Richard Kraft also recently made the following trade(s):

• On Monday, November 11th, Timothy Richard Kraft sold 21,209 shares of Simply Good Foods stock. The stock was sold at an average price of $36.50, for a total value of $774,128.50.

Simply Good Foods Stock Up 3.0 %

Simply Good Foods stock opened at $39.14 on Thursday. The stock’s 50 day moving average price is $34.52 and its 200 day moving average price is $34.99. The company has a market cap of $3.92 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 3.36 and a beta of 0.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.05 and a quick ratio of 2.75. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $43.00.

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

Institutional Investors Weigh In On Simply Good Foods

Several institutional investors have recently modified their holdings of SMPL. TD Private Client Wealth LLC increased its stake in Simply Good Foods by 70.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,575 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,887 shares in the last quarter. Geode Capital Management LLC grew its holdings in Simply Good Foods by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,142,679 shares of the financial services provider’s stock valued at $74,515,000 after purchasing an additional 10,477 shares during the last quarter. Barclays PLC grew its holdings in Simply Good Foods by 396.7% in the third quarter. Barclays PLC now owns 165,201 shares of the financial services provider’s stock valued at $5,744,000 after purchasing an additional 131,939 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in shares of Simply Good Foods by 47.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 33,797 shares of the financial services provider’s stock valued at $1,175,000 after buying an additional 10,823 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of Simply Good Foods during the 3rd quarter worth $236,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Citigroup decreased their price objective on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Stephens lowered their price objective on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.78.

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.