Insider Selling: The Simply Good Foods Company (NASDAQ:SMPL) Director Sells 50,000 Shares of Stock

The Simply Good Foods Company (NASDAQ:SMPL) Director Brian K. Ratzan sold 50,000 shares of Simply Good Foods stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $37.38, for a total transaction of $1,869,000.00. Following the completion of the transaction, the director now directly owns 2,049,387 shares in the company, valued at approximately $76,606,086.06. This represents a 2.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Simply Good Foods Stock Down 1.6 %

SMPL opened at $36.71 on Friday. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two 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’s fifty day moving average price is $34.23 and its two-hundred day moving average price is $34.96. The company has a market capitalization of $3.68 billion, a P/E ratio of 26.60, a P/E/G ratio of 3.23 and a beta of 0.64.

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

Institutional Investors Weigh In On Simply Good Foods

A number of institutional investors have recently bought and sold shares of SMPL. Quarry LP acquired a new stake in Simply Good Foods during the second quarter worth $30,000. GAMMA Investing LLC boosted its stake in shares of 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 in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Simply Good Foods by 236.4% in the 2nd 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 in the last quarter. Innealta Capital LLC acquired a new stake in shares of Simply Good Foods in the 2nd quarter valued at $71,000. Finally, KBC Group NV boosted its stake in shares of Simply Good Foods by 31.9% in the 3rd quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 746 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.