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 business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $36.23, for a total transaction of $86,010.02. Following the completion of the sale, the director now owns 136,830 shares of the company’s stock, valued at approximately $4,957,350.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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 stock was sold at an average price of $35.99, for a total value of $899,750.00.

Simply Good Foods Stock Down 0.7 %

NASDAQ SMPL opened at $36.47 on Thursday. The Simply Good Foods Company has a 1 year low of $30.00 and a 1 year high of $43.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.05 and a quick ratio of 2.75. The business’s 50-day moving average is $34.08 and its 200 day moving average is $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 announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 EPS for the quarter, hitting 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 company had revenue of $375.70 million during the quarter, compared to analyst estimates of $373.07 million. During the same quarter last year, the firm posted $0.41 earnings per share. The firm’s revenue was up 17.3% on a year-over-year basis. Sell-side analysts forecast that The Simply Good Foods Company will post 1.76 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Glenmede Trust Co. NA grew its holdings in Simply Good Foods by 5.5% in the third quarter. Glenmede Trust Co. NA now owns 13,452 shares of the financial services provider’s stock worth $468,000 after purchasing an additional 702 shares during the period. Cynosure Group LLC increased its stake in Simply Good Foods by 4.9% during the 3rd quarter. Cynosure Group LLC now owns 10,659 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 500 shares in the last quarter. Townsquare Capital LLC raised its holdings in Simply Good Foods by 3.0% in the 3rd quarter. Townsquare Capital LLC now owns 59,897 shares of the financial services provider’s stock worth $2,083,000 after acquiring an additional 1,741 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of Simply Good Foods by 2,015.4% in the third quarter. Quantbot Technologies LP now owns 92,971 shares of the financial services provider’s stock worth $3,233,000 after purchasing an additional 88,576 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Simply Good Foods by 20.0% during the third quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock valued at $178,329,000 after purchasing an additional 855,070 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens reduced 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 five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.