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 the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $37.60, for a total transaction of $2,886,213.60. Following the sale, the insider now directly owns 40,068 shares in the company, valued at $1,506,556.80. This trade represents a 65.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 transaction of $774,128.50.

Simply Good Foods Stock Up 3.0 %

Shares of NASDAQ SMPL traded up $1.14 during midday trading on Wednesday, hitting $39.14. 2,124,706 shares of the company’s stock were exchanged, compared to its average volume of 887,392. 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 Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00. The firm’s fifty day simple moving average is $34.41 and its 200-day simple moving average is $34.96. The company has a market cap of $3.92 billion, a PE ratio of 27.77, a P/E/G ratio of 3.25 and a beta of 0.64.

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 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 firm had revenue of $375.70 million for the quarter, compared to analyst estimates of $373.07 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. Simply Good Foods’s quarterly revenue was up 17.3% on a year-over-year basis. Research analysts predict that The Simply Good Foods Company will post 1.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Simply Good Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Simply Good Foods in the second quarter valued at about $30,000. GAMMA Investing LLC lifted its holdings in shares of Simply Good Foods by 182.4% in the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 549 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Simply Good Foods by 236.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,241 shares during the last quarter. Innealta Capital LLC bought a new stake in Simply Good Foods during the 2nd quarter valued at $71,000. Finally, KBC Group NV raised its stake in Simply Good Foods by 31.9% during the 3rd quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 746 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on SMPL. 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, November 14th. Stephens decreased their price objective on shares of 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 research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.