The Simply Good Foods Company (NASDAQ:SMPL) Director Sells $5,425,792.00 in Stock

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 stock was sold at an average price of $36.86, for a total value of $5,425,792.00. Following the transaction, the director now directly owns 141,439 shares in the company, valued at approximately $5,213,441.54. This represents a 51.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 stock was 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 transaction of $899,750.00.

Simply Good Foods Stock Performance

Shares of SMPL stock opened at $37.32 on Friday. The business has a 50 day simple moving average of $34.15 and a 200 day simple moving average of $34.95. 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 firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 3.25 and a beta of 0.64. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $43.00.

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

Wall Street Analysts Forecast Growth

SMPL has been the subject of several research reports. Citigroup decreased their price target on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a report on Thursday. Stephens lowered their target price 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 analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $40.78.

Institutional Trading of Simply Good Foods

A number of institutional investors have recently made changes to their positions in SMPL. Vanguard Group Inc. raised its holdings in Simply Good Foods by 1.6% during the first quarter. Vanguard Group Inc. now owns 11,099,351 shares of the financial services provider’s stock worth $377,711,000 after purchasing an additional 174,157 shares in the last quarter. FMR LLC lifted its holdings in Simply Good Foods by 20.0% in the 3rd quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock valued at $178,329,000 after acquiring an additional 855,070 shares during the last quarter. Champlain Investment Partners LLC boosted its position in shares of Simply Good Foods by 4.0% during the 3rd quarter. Champlain Investment Partners LLC now owns 4,063,878 shares of the financial services provider’s stock valued at $141,301,000 after purchasing an additional 155,894 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Simply Good Foods by 6.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,223,666 shares of the financial services provider’s stock worth $116,468,000 after purchasing an additional 203,914 shares in the last quarter. Finally, Boston Trust Walden Corp acquired a new stake in Simply Good Foods during the third quarter valued at approximately $80,270,000. 88.45% of the stock is owned by institutional investors and hedge funds.

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.