Joseph Scalzo Sells 2,374 Shares of The Simply Good Foods Company (NASDAQ:SMPL) Stock

The Simply Good Foods Company (NASDAQ:SMPL) Director Joseph Scalzo sold 2,374 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $36.23, for a total value of $86,010.02. Following the transaction, the director now owns 136,830 shares in the company, valued at approximately $4,957,350.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 transaction of $5,425,792.00.
• 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 value of $899,750.00.

Simply Good Foods Price Performance

NASDAQ SMPL opened at $36.47 on Thursday. The company has a market cap of $3.66 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 3.25 and a beta of 0.64. The company has a quick ratio of 2.75, a current ratio of 4.05 and a debt-to-equity ratio of 0.23. The firm’s 50-day simple moving average is $34.08 and its two-hundred day simple moving average is $34.94. The Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $43.00.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $375.70 million during the quarter, compared to the consensus estimate of $373.07 million. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. Simply Good Foods’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. Research analysts predict that The Simply Good Foods Company will post 1.76 earnings per share for the current year.

Institutional Trading of Simply Good Foods

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of 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 worth $377,711,000 after purchasing an additional 174,157 shares during the period. FMR LLC raised its holdings in shares of Simply Good Foods by 20.0% in the 3rd quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock valued at $178,329,000 after acquiring an additional 855,070 shares in the last quarter. Champlain Investment Partners LLC grew its holdings 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 worth $141,301,000 after purchasing an additional 155,894 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings 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 worth $116,468,000 after purchasing an additional 203,914 shares in the last quarter. Finally, Boston Trust Walden Corp bought a new position in shares of Simply Good Foods in the third quarter worth approximately $80,270,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens decreased their target price 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Simply Good Foods presently has an average rating of “Moderate Buy” and an average target price of $40.50.

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.