Simply Good Foods Co (NASDAQ:SMPL) Director Nomi Ghez acquired 21,275 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was acquired at an average cost of $23.27 per share, with a total value of $495,069.25. Following the acquisition, the director now owns 110,350 shares of the company’s stock, valued at $2,567,844.50. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Shares of SMPL traded up $1.51 during midday trading on Tuesday, hitting $24.38. 4,342,694 shares of the stock traded hands, compared to its average volume of 2,237,384. Simply Good Foods Co has a 1-year low of $18.75 and a 1-year high of $31.34. The firm has a market capitalization of $2.29 billion, a PE ratio of 43.54 and a beta of 0.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.71 and a current ratio of 2.67. The business’s 50 day moving average price is $27.58 and its two-hundred day moving average price is $27.07.
Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Thursday, January 9th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. Simply Good Foods had a net margin of 4.96% and a return on equity of 5.64%. The company had revenue of $152.20 million during the quarter, compared to the consensus estimate of $159.40 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, equities research analysts forecast that Simply Good Foods Co will post 0.94 EPS for the current fiscal year.
A number of equities analysts have commented on SMPL shares. Deutsche Bank started coverage on shares of Simply Good Foods in a report on Wednesday, December 11th. They issued a “buy” rating and a $32.00 price objective for the company. Goldman Sachs Group reissued a “buy” rating and set a $32.00 price target on shares of Simply Good Foods in a report on Monday, November 11th. ValuEngine downgraded shares of Simply Good Foods from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Finally, Zacks Investment Research raised shares of Simply Good Foods from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Simply Good Foods presently has a consensus rating of “Buy” and a consensus price target of $30.57.
Simply Good Foods Company Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
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