The Simply Good Foods Company (NASDAQ:SMPL) CAO Sells $198,675.75 in Stock

The Simply Good Foods Company (NASDAQ:SMPL) CAO Timothy Allen Matthews sold 5,325 shares of Simply Good Foods stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $37.31, for a total transaction of $198,675.75. Following the completion of the transaction, the chief accounting officer now directly owns 17,063 shares of the company’s stock, valued at $636,620.53. The trade was a 23.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Simply Good Foods Trading Up 2.3 %

SMPL traded up $0.85 on Thursday, reaching $37.32. 1,477,570 shares of the company traded hands, compared to its average volume of 881,312. The Simply Good Foods Company has a one year low of $30.00 and a one year high of $43.00. The firm has a fifty day simple moving average of $34.15 and a two-hundred day simple moving average of $34.95. The company has a market cap of $3.74 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 3.25 and a beta of 0.64. The company has a quick ratio of 2.75, a current ratio of 4.05 and a debt-to-equity ratio of 0.23.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings results 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 business had revenue of $375.70 million during the quarter, compared to analyst estimates of $373.07 million. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, equities research analysts expect that The Simply Good Foods Company will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on SMPL. Citigroup dropped their price objective on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday. Stephens dropped their price target 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 analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.78.

Institutional Investors Weigh In On Simply Good Foods

Several large investors have recently modified their holdings of the business. Quarry LP purchased a new stake in shares of Simply Good Foods in the 2nd quarter valued at $30,000. GAMMA Investing LLC raised its position in shares of Simply Good Foods by 182.4% in the second quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock valued at $31,000 after buying an additional 549 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Simply Good Foods by 236.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $60,000 after buying an additional 1,241 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Simply Good Foods in the second quarter valued at about $71,000. Finally, KBC Group NV raised its position in shares of Simply Good Foods by 31.9% in the third quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock valued at $107,000 after buying an additional 746 shares during the last quarter. 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.