The Simply Good Foods Company (NASDAQ:SMPL) CAO Timothy Allen Matthews Sells 5,325 Shares

The Simply Good Foods Company (NASDAQ:SMPL) CAO Timothy Allen Matthews sold 5,325 shares of Simply Good Foods stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $37.31, for a total transaction of $198,675.75. Following the transaction, the chief accounting officer now owns 17,063 shares of the company’s stock, valued at approximately $636,620.53. The trade was a 23.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Simply Good Foods Trading Down 1.4 %

SMPL traded down $0.54 during trading on Friday, reaching $36.78. The company had a trading volume of 119,520 shares, compared to its average volume of 877,880. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.75 and a current ratio of 4.05. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 3.23 and a beta of 0.64. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $43.00. The firm’s 50-day simple moving average is $34.15 and its 200 day simple moving average is $34.95.

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 (EPS) for the quarter, hitting 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 analyst estimates of $373.07 million. During the same period last year, the company earned $0.41 earnings per share. Simply Good Foods’s quarterly revenue was up 17.3% compared to the same quarter last year. Equities research analysts anticipate that The Simply Good Foods Company will post 1.76 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. boosted its position in shares of Simply Good Foods by 1.8% in the second quarter. American Century Companies Inc. now owns 19,943 shares of the financial services provider’s stock valued at $721,000 after acquiring an additional 348 shares during the period. Fulton Bank N.A. increased its position in shares of Simply Good Foods by 4.9% during the third quarter. Fulton Bank N.A. now owns 9,536 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 443 shares during the period. Cynosure Group LLC raised its stake in shares of Simply Good Foods by 4.9% in the 3rd quarter. Cynosure Group LLC now owns 10,659 shares of the financial services provider’s stock valued at $371,000 after buying 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 valued at $961,000 after acquiring an additional 533 shares in the last quarter. Finally, GAMMA Investing LLC raised 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 worth $31,000 after purchasing 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 research analysts have recently commented on the company. Stephens lowered their price objective on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Citigroup cut their target price on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.