The Simply Good Foods Company (NASDAQ:SMPL) Insider Timothy Richard Kraft Sells 21,209 Shares

The Simply Good Foods Company (NASDAQ:SMPL) insider Timothy Richard Kraft sold 21,209 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.50, for a total transaction of $774,128.50. Following the completion of the sale, the insider now owns 40,068 shares of the company’s stock, valued at approximately $1,462,482. This represents a 34.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Simply Good Foods Stock Up 2.3 %

Simply Good Foods stock opened at $37.32 on Friday. The stock has a market cap of $3.74 billion, a P/E ratio of 27.04, a P/E/G ratio of 3.23 and a beta of 0.64. The company has a quick ratio of 2.75, a current ratio of 4.05 and a debt-to-equity ratio of 0.23. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00. The company’s 50-day moving average price is $34.15 and its two-hundred day moving average price is $34.95.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly 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 net margin of 10.46% and a return on equity of 10.23%. The firm had revenue of $375.70 million for the quarter, compared to analysts’ expectations of $373.07 million. During the same period in the prior year, the firm earned $0.41 EPS. The business’s revenue was up 17.3% on a year-over-year basis. As a group, analysts expect that The Simply Good Foods Company will post 1.76 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. American Century Companies Inc. increased its holdings in shares of Simply Good Foods by 1.8% during the second quarter. American Century Companies Inc. now owns 19,943 shares of the financial services provider’s stock worth $721,000 after purchasing an additional 348 shares during the period. Fulton Bank N.A. boosted its position in shares of Simply Good Foods by 4.9% during the 3rd quarter. Fulton Bank N.A. now owns 9,536 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 443 shares in the last quarter. Cynosure Group LLC boosted its position in shares of 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 worth $371,000 after acquiring an additional 500 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Simply Good Foods by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 26,592 shares of the financial services provider’s stock worth $961,000 after acquiring an additional 533 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Simply Good Foods by 182.4% in the second quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock valued at $31,000 after buying an additional 549 shares in the last quarter. 88.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Stephens reduced their target price on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company 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 for the company in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Simply Good Foods has an average rating of “Moderate Buy” and a consensus target price of $40.78.

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.