Timothy Richard Kraft Sells 21,209 Shares of The Simply Good Foods Company (NASDAQ:SMPL) Stock

The Simply Good Foods Company (NASDAQ:SMPL) insider Timothy Richard Kraft sold 21,209 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.50, for a total value of $774,128.50. Following the sale, the insider now directly owns 40,068 shares of the company’s stock, valued at approximately $1,462,482. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Simply Good Foods Trading Down 0.7 %

Shares of NASDAQ SMPL opened at $36.47 on Thursday. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00. The company has a current ratio of 4.05, a quick ratio of 2.75 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $34.08 and a 200-day simple moving average of $34.94. The stock has a market capitalization of $3.66 billion, a PE ratio of 26.43, a PEG ratio of 3.25 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, meeting analysts’ consensus estimates of $0.50. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The business had revenue of $375.70 million during the quarter, compared to analysts’ expectations of $373.07 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. On average, equities analysts forecast that The Simply Good Foods Company will post 1.76 earnings per share for the current year.

Institutional Investors Weigh In On Simply Good Foods

A number of institutional investors have recently modified their holdings of SMPL. Quarry LP acquired a new stake in shares of Simply Good Foods in the second quarter valued at $30,000. GAMMA Investing LLC grew its stake in Simply Good Foods by 182.4% during the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 549 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Simply Good Foods by 236.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,241 shares in the last quarter. Innealta Capital LLC acquired a new position in Simply Good Foods during the 2nd quarter worth $71,000. Finally, KBC Group NV grew its stake in Simply Good Foods by 31.9% during the 3rd quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 746 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Stephens cut their target price on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Three equities research 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 a consensus price target 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.