Insider Selling: The Simply Good Foods Company (NASDAQ:SMPL) Director Sells 2,374 Shares of Stock

The Simply Good Foods Company (NASDAQ:SMPL) Director Joseph Scalzo sold 2,374 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $36.23, for a total value of $86,010.02. Following the transaction, the director now directly owns 136,830 shares of the company’s stock, valued at approximately $4,957,350.90. This trade represents a 1.71 % decrease in their position. The transaction 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 Tuesday, November 12th, Joseph Scalzo sold 147,200 shares of Simply Good Foods stock. The stock was sold at an average price of $36.86, for a total value of $5,425,792.00.
• On Wednesday, November 6th, Joseph Scalzo sold 25,000 shares of Simply Good Foods stock. The stock was sold at an average price of $35.99, for a total value of $899,750.00.

Simply Good Foods Trading Up 2.3 %

Shares of Simply Good Foods stock opened at $37.32 on Friday. The business has a fifty day simple moving average of $34.15 and a two-hundred day simple moving average of $34.95. 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 market capitalization of $3.74 billion, a price-to-earnings ratio of 27.04, a P/E/G ratio of 3.23 and a beta of 0.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.05 and a quick ratio of 2.75.

Simply Good Foods (NASDAQ:SMPL) last posted 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. The firm had revenue of $375.70 million for the quarter, compared to analysts’ expectations 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 quarter last year, the business earned $0.41 EPS. Research analysts forecast that The Simply Good Foods Company will post 1.76 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Simply Good Foods by 1.6% in the first quarter. Vanguard Group Inc. now owns 11,099,351 shares of the financial services provider’s stock valued at $377,711,000 after acquiring an additional 174,157 shares during the last quarter. FMR LLC boosted its stake in shares of Simply Good Foods by 20.0% during the third quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock valued at $178,329,000 after purchasing an additional 855,070 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in shares of Simply Good Foods by 4.0% during the third 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 boosted its stake in shares of Simply Good Foods by 6.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,223,666 shares of the financial services provider’s stock valued at $116,468,000 after purchasing an additional 203,914 shares in the last quarter. Finally, Boston Trust Walden Corp acquired a new stake in shares of Simply Good Foods during the third quarter valued at about $80,270,000. Institutional investors own 88.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SMPL shares. Stephens reduced their price target on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Citigroup cut their price objective on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Simply Good Foods presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.78.

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.