The Simply Good Foods Company (NASDAQ:SMPL) SVP Sells $186,250.00 in Stock

The Simply Good Foods Company (NASDAQ:SMPL) SVP Stuart E. Jr. Heflin sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $37.25, for a total value of $186,250.00. Following the completion of the sale, the senior vice president now directly owns 12,839 shares of the company’s stock, valued at $478,252.75. This represents a 28.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Simply Good Foods Price Performance

NASDAQ SMPL traded up $1.73 on Friday, reaching $38.00. The company’s stock had a trading volume of 1,731,242 shares, compared to its average volume of 926,105. The Simply Good Foods Company has a 52 week low of $31.25 and a 52 week high of $40.53. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.84 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63. The business has a 50-day moving average price of $35.74 and a 200 day moving average price of $36.31.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The company had revenue of $359.70 million for the quarter, compared to the consensus estimate of $354.50 million. During the same period in the previous year, the business earned $0.40 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Sell-side analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on SMPL. Mizuho upped their target price on shares of Simply Good Foods from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley upped their price objective on shares of Simply Good Foods from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, DA Davidson lifted their target price on Simply Good Foods from $35.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.22.

Institutional Trading of Simply Good Foods

Large investors have recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in shares of Simply Good Foods in the 4th quarter valued at $26,000. CIBC Private Wealth Group LLC lifted its holdings in Simply Good Foods by 72.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 445 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Simply Good Foods by 255.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock valued at $66,000 after buying an additional 1,229 shares in the last quarter. GAMMA Investing LLC boosted its position in Simply Good Foods by 215.6% in the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock valued at $69,000 after buying an additional 1,201 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Simply Good Foods by 13.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider’s stock worth $98,000 after buying an additional 300 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors.

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.