The Simply Good Foods Company (NASDAQ:SMPL) Director Sells $899,750.00 in Stock

The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) Director Joseph Scalzo sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $35.99, for a total value of $899,750.00. Following the transaction, the director now directly owns 139,204 shares in the company, valued at $5,009,951.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Simply Good Foods Stock Up 1.6 %

NASDAQ SMPL traded up $0.56 during trading hours on Friday, reaching $36.23. 730,570 shares of the company's stock traded hands, compared to its average volume of 879,238. The Simply Good Foods Company has a 52-week low of $30.00 and a 52-week high of $43.00. 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 50-day simple moving average of $33.81 and a 200 day simple moving average of $34.89. The firm has a market cap of $3.63 billion, a PE ratio of 26.25, a PEG ratio of 3.19 and a beta of 0.64.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The company had revenue of $375.70 million for the quarter, compared to the consensus estimate of $373.07 million. During the same quarter in the prior year, the business posted $0.41 EPS. The firm's quarterly revenue was up 17.3% compared to the same quarter last year. Sell-side analysts anticipate that The Simply Good Foods Company will post 1.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Stephens cut their target price on shares of Simply Good Foods from $44.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. Three 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.50.

Hedge Funds Weigh In On Simply Good Foods

Institutional investors and hedge funds have recently modified their holdings of the stock. Boston Trust Walden Corp purchased a new stake in Simply Good Foods during the 3rd quarter valued at about $80,270,000. Armistice Capital LLC bought a new stake in shares of Simply Good Foods during the second quarter valued at approximately $34,582,000. Champlain Investment Partners LLC raised its holdings in Simply Good Foods by 27.7% in the 1st quarter. Champlain Investment Partners LLC now owns 3,939,494 shares of the financial services provider's stock worth $134,061,000 after acquiring an additional 854,550 shares during the last quarter. Victory Capital Management Inc. lifted its position in Simply Good Foods by 107.0% in the 2nd quarter. Victory Capital Management Inc. now owns 920,802 shares of the financial services provider's stock valued at $33,269,000 after acquiring an additional 475,928 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Simply Good Foods by 276.4% during the 2nd quarter. Marshall Wace LLP now owns 536,174 shares of the financial services provider's stock valued at $19,372,000 after purchasing an additional 393,720 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.