Simply Good Foods (NASDAQ:SMPL) Stock Price Down 2.5% After Insider Selling

The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) shares were down 2.5% on Monday following insider selling activity. The company traded as low as $37.04 and last traded at $37.06. Approximately 244,537 shares were traded during trading, a decline of 74% from the average daily volume of 925,032 shares. The stock had previously closed at $38.00.

Specifically, SVP Stuart E. Jr. Heflin sold 5,000 shares of the company's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the transaction, the senior vice president now owns 12,839 shares in the company, valued at $478,252.75. This represents a 28.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Analysts Set New Price Targets

A number of research analysts have issued reports on SMPL shares. DA Davidson raised their price target on shares of Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Morgan Stanley increased their price objective on Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Finally, Mizuho increased their price target on shares of Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $40.22.

Simply Good Foods Stock Up 2.2 %

The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 3.23 and a beta of 0.63. The business's 50 day moving average price is $35.74 and its 200 day moving average price is $36.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $359.70 million for the quarter, compared to the consensus estimate of $354.50 million. During the same quarter last year, the business posted $0.40 earnings per share. The business's quarterly revenue was up 15.2% compared to the same quarter last year. On average, equities analysts forecast that The Simply Good Foods Company will post 1.78 EPS for the current year.

Institutional Trading of Simply Good Foods

Large investors have recently bought and sold shares of the business. HighTower Advisors LLC grew its position in shares of Simply Good Foods by 3.9% in the third quarter. HighTower Advisors LLC now owns 13,504 shares of the financial services provider's stock valued at $473,000 after purchasing an additional 501 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Simply Good Foods by 1.9% during the third quarter. Stifel Financial Corp now owns 26,688 shares of the financial services provider's stock worth $928,000 after buying an additional 498 shares during the period. Barclays PLC raised its holdings in shares of Simply Good Foods by 396.7% in the 3rd quarter. Barclays PLC now owns 165,201 shares of the financial services provider's stock valued at $5,744,000 after buying an additional 131,939 shares during the period. Geode Capital Management LLC boosted its holdings in Simply Good Foods by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,142,679 shares of the financial services provider's stock valued at $74,515,000 after acquiring an additional 10,477 shares during the period. Finally, Tidal Investments LLC increased its stake in Simply Good Foods by 42.7% during the third quarter. Tidal Investments LLC now owns 51,664 shares of the financial services provider's stock worth $1,796,000 after purchasing an additional 15,455 shares during the period. Hedge funds and other institutional investors own 88.45% of the company's stock.

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.