The Simply Good Foods Company (NASDAQ:SMPL) Insider Sells $2,886,213.60 in Stock

The Simply Good Foods Company (NASDAQ:SMPL) insider Timothy Richard Kraft sold 76,761 shares of Simply Good Foods stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $37.60, for a total value of $2,886,213.60. Following the transaction, the insider now owns 40,068 shares of the company’s stock, valued at $1,506,556.80. This represents a 65.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Timothy Richard Kraft also recently made the following trade(s):

• On Monday, November 11th, Timothy Richard Kraft sold 21,209 shares of Simply Good Foods stock. The stock was sold at an average price of $36.50, for a total value of $774,128.50.

Simply Good Foods Stock Up 3.0 %

Shares of NASDAQ:SMPL opened at $39.14 on Thursday. 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 firm has a market cap of $3.92 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 3.36 and a beta of 0.64. The stock’s 50-day moving average price is $34.52 and its two-hundred day moving average price is $34.99. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $43.00.

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

Institutional Trading of Simply Good Foods

Several institutional investors have recently made changes to their positions in SMPL. UniSuper Management Pty Ltd purchased a new stake in Simply Good Foods during the first quarter valued at about $615,000. Tidal Investments LLC grew its holdings in shares of Simply Good Foods by 215.8% during the 1st quarter. Tidal Investments LLC now owns 37,396 shares of the financial services provider’s stock worth $1,273,000 after purchasing an additional 25,553 shares during the period. Mutual of America Capital Management LLC increased its position in Simply Good Foods by 21.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 187,549 shares of the financial services provider’s stock worth $6,521,000 after purchasing an additional 32,561 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Simply Good Foods in the first quarter valued at approximately $624,000. Finally, SG Americas Securities LLC lifted its position in Simply Good Foods by 671.9% during the second quarter. SG Americas Securities LLC now owns 30,697 shares of the financial services provider’s stock valued at $1,109,000 after buying an additional 26,720 shares in the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SMPL shares. Stephens decreased their price objective on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Citigroup reduced their target price on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.78.

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.