The Simply Good Foods Company (NASDAQ:SMPL) CAO Sells $198,675.75 in Stock

The Simply Good Foods Company (NASDAQ:SMPL) CAO Timothy Allen Matthews sold 5,325 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $37.31, for a total transaction of $198,675.75. Following the completion of the sale, the chief accounting officer now directly owns 17,063 shares of the company’s stock, valued at $636,620.53. The trade was a 23.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Simply Good Foods Stock Down 1.6 %

Shares of Simply Good Foods stock opened at $36.71 on Friday. The firm has a market cap of $3.68 billion, a PE ratio of 26.60, a P/E/G ratio of 3.25 and a beta of 0.64. The business’s 50 day simple moving average is $34.23 and its 200 day simple moving average is $34.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.75 and a current ratio of 4.05. 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 posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, meeting 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 company had revenue of $375.70 million for the quarter, compared to the consensus estimate of $373.07 million. During the same period last year, the company earned $0.41 earnings per share. The firm’s revenue was up 17.3% compared to the same quarter last year. On average, analysts predict that The Simply Good Foods Company will post 1.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SMPL has been the subject of a number of recent analyst reports. Citigroup lowered their price objective on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday. Stephens dropped their price target on 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Simply Good Foods has an average rating of “Moderate Buy” and an average price target of $40.78.

Hedge Funds Weigh In On Simply Good Foods

A number of large investors have recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of Simply Good Foods by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,142,679 shares of the financial services provider’s stock valued at $74,515,000 after acquiring an additional 10,477 shares during the last quarter. Barclays PLC increased its position in shares of Simply Good Foods by 396.7% during the 3rd quarter. Barclays PLC now owns 165,201 shares of the financial services provider’s stock worth $5,744,000 after purchasing an additional 131,939 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in shares of Simply Good Foods by 47.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 33,797 shares of the financial services provider’s stock worth $1,175,000 after purchasing an additional 10,823 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in Simply Good Foods during the third quarter worth $236,000. Finally, Weiss Asset Management LP acquired a new position in Simply Good Foods during the third quarter worth $12,051,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.

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.