The Simply Good Foods Company (NASDAQ:SMPL) Director Joseph Scalzo Sells 147,200 Shares

The Simply Good Foods Company (NASDAQ:SMPL) Director Joseph Scalzo sold 147,200 shares of Simply Good Foods 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 completion of the sale, the director now directly owns 141,439 shares in the company, valued at $5,213,441.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 shares were 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

NASDAQ:SMPL opened at $36.71 on Wednesday. The company’s 50-day moving average is $34.00 and its two-hundred day moving average is $34.93. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year 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 market capitalization of $3.68 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 3.20 and a beta of 0.64.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $373.07 million. During the same period in the prior year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. Analysts forecast that The Simply Good Foods Company will post 1.76 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Quarry LP purchased a new stake in shares of Simply Good Foods in the 2nd quarter valued at approximately $30,000. GAMMA Investing LLC increased its holdings in Simply Good Foods by 182.4% in the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 549 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 1,241 shares during the period. Innealta Capital LLC acquired a new position in Simply Good Foods during the second quarter worth $71,000. Finally, KBC Group NV boosted its position in shares of Simply Good Foods by 31.9% during the third quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock worth $107,000 after buying an additional 746 shares during the period. Institutional investors and hedge funds own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens cut their price objective on shares of 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 five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.50.

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.