The Simply Good Foods Company (NASDAQ:SMPL) CEO Sells $528,941.28 in Stock

The Simply Good Foods Company (NASDAQ:SMPL) CEO Joseph Scalzo sold 14,448 shares of the firm’s stock in a transaction dated Thursday, October 7th. The shares were sold at an average price of $36.61, for a total value of $528,941.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Joseph Scalzo also recently made the following trade(s):

  • On Monday, October 11th, Joseph Scalzo sold 16,424 shares of The Simply Good Foods stock. The shares were sold at an average price of $35.52, for a total value of $583,380.48.
  • On Friday, September 17th, Joseph Scalzo sold 13,743 shares of The Simply Good Foods stock. The shares were sold at an average price of $34.60, for a total value of $475,507.80.
  • On Wednesday, September 15th, Joseph Scalzo sold 44,984 shares of The Simply Good Foods stock. The shares were sold at an average price of $34.77, for a total value of $1,564,093.68.

The Simply Good Foods stock opened at $34.45 on Thursday. The company has a current ratio of 3.16, a quick ratio of 2.36 and a debt-to-equity ratio of 0.43. The business’s fifty day simple moving average is $35.31 and its two-hundred day simple moving average is $34.97. The Simply Good Foods Company has a 12 month low of $18.62 and a 12 month high of $38.50. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 57.42 and a beta of 1.01.

A number of institutional investors have recently added to or reduced their stakes in the business. Harbour Capital Advisors LLC boosted its holdings in The Simply Good Foods by 40.6% in the third quarter. Harbour Capital Advisors LLC now owns 34,210 shares of the financial services provider’s stock worth $1,180,000 after acquiring an additional 9,870 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in The Simply Good Foods by 6.8% in the third quarter. Louisiana State Employees Retirement System now owns 40,600 shares of the financial services provider’s stock worth $1,400,000 after acquiring an additional 2,600 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in The Simply Good Foods by 5.5% in the third quarter. State of Alaska Department of Revenue now owns 61,500 shares of the financial services provider’s stock worth $2,121,000 after acquiring an additional 3,190 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of The Simply Good Foods by 24.5% in the second quarter. Parametric Portfolio Associates LLC now owns 141,196 shares of the financial services provider’s stock worth $5,155,000 after purchasing an additional 27,773 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of The Simply Good Foods by 11.3% in the second quarter. Morgan Stanley now owns 741,687 shares of the financial services provider’s stock worth $27,079,000 after purchasing an additional 75,073 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on the company. Citigroup raised their price objective on The Simply Good Foods from $40.00 to $43.00 and gave the company a “buy” rating in a report on Friday, July 2nd. They noted that the move was a valuation call. Morgan Stanley lifted their price target on The Simply Good Foods from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, July 2nd. TheStreet cut The Simply Good Foods from an “a-” rating to a “c+” rating in a research note on Thursday, July 1st. Credit Suisse Group lifted their price target on The Simply Good Foods from $31.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, July 2nd. Finally, The Goldman Sachs Group lifted their price target on The Simply Good Foods from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, July 2nd. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $38.23.

About The Simply Good Foods

The Simply Good Foods Co engages in the development, marketing, and sale of nutritional food and snacking products. Its products include nutrition bars, ready-to-drink shakes, snacks, confectionery, and frozen meals under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brands. The company was founded on March 30, 2017 and is headquartered in Denver, CO.

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