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 business’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 transaction, the insider now directly owns 40,068 shares of the company’s stock, valued at $1,462,482. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Simply Good Foods Stock Down 0.7 %

Shares of NASDAQ SMPL opened at $36.47 on Thursday. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 3.25 and a beta of 0.64. 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 has a 50-day moving average of $34.08 and a two-hundred day moving average of $34.94. The Simply Good Foods Company has a 1 year low of $30.00 and a 1 year high of $43.00.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, meeting the consensus estimate 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 the consensus estimate of $373.07 million. During the same period in the previous year, the business earned $0.41 EPS. The business’s quarterly revenue was up 17.3% on a year-over-year basis. On average, analysts forecast that The Simply Good Foods Company will post 1.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Stephens decreased their price target on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

Institutional Trading of Simply Good Foods

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Simply Good Foods by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 11,099,351 shares of the financial services provider’s stock valued at $377,711,000 after purchasing an additional 174,157 shares during the last quarter. FMR LLC lifted its holdings in shares of Simply Good Foods by 20.0% in the 3rd 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 during the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of Simply Good Foods by 4.0% in the 3rd quarter. Champlain Investment Partners LLC now owns 4,063,878 shares of the financial services provider’s stock valued at $141,301,000 after purchasing an additional 155,894 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Simply Good Foods by 6.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,223,666 shares of the financial services provider’s stock valued at $116,468,000 after acquiring an additional 203,914 shares during the last quarter. Finally, Boston Trust Walden Corp purchased a new stake in Simply Good Foods during the 3rd quarter valued at approximately $80,270,000. 88.45% of the stock is owned by hedge funds and other institutional investors.

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.