Key Points
- CFO Christopher Bealer bought 9,946 shares on Nov. 6 at an average price of $20.01 (≈$199,019), raising his stake to 32,966 shares—a 43.21% increase—per the SEC filing.
- Simply Good Foods slightly missed Q3 estimates with EPS of $0.46 vs. $0.48 and revenue of $369.04M (down 1.8% YoY), with a net margin of 7.14% and ROE of 10.06%.
- Analyst sentiment is mixed: the stock has an average rating of "Hold" and an average target of $33.11, while institutional ownership is high at 88.45% and several firms recently cut targets or downgraded the name.
The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) CFO Christopher Bealer acquired 9,946 shares of the business's stock in a transaction on Thursday, November 6th. The shares were bought at an average cost of $20.01 per share, with a total value of $199,019.46. Following the completion of the acquisition, the chief financial officer owned 32,966 shares in the company, valued at approximately $659,649.66. This represents a 43.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Simply Good Foods Price Performance
SMPL stock opened at $19.22 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 3.64. The company's fifty day moving average price is $24.24 and its 200-day moving average price is $29.69. The Simply Good Foods Company has a one year low of $18.47 and a one year high of $40.53. The company has a market capitalization of $1.92 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 3.46 and a beta of 0.47.
Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02). The company had revenue of $369.04 million during the quarter, compared to the consensus estimate of $369.07 million. Simply Good Foods had a net margin of 7.14% and a return on equity of 10.06%. The business's revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Simply Good Foods has set its FY 2026 guidance at EPS. On average, equities analysts anticipate that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.
Institutional Investors Weigh In On Simply Good Foods
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Simply Good Foods by 125.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider's stock worth $31,000 after purchasing an additional 538 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Simply Good Foods during the 1st quarter valued at $54,000. Caitong International Asset Management Co. Ltd bought a new stake in Simply Good Foods in the first quarter worth $55,000. CWM LLC boosted its stake in Simply Good Foods by 343.0% during the third quarter. CWM LLC now owns 2,605 shares of the financial services provider's stock worth $65,000 after buying an additional 2,017 shares during the period. Finally, Quarry LP increased its position in Simply Good Foods by 59.7% during the first quarter. Quarry LP now owns 2,009 shares of the financial services provider's stock valued at $69,000 after acquiring an additional 751 shares during the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Zacks Research cut Simply Good Foods from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 28th. Stifel Nicolaus set a $32.00 price target on Simply Good Foods in a report on Friday, October 24th. Weiss Ratings downgraded Simply Good Foods from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Saturday, October 25th. Mizuho lowered their target price on Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating for the company in a research report on Tuesday, July 15th. Finally, UBS Group cut their target price on shares of Simply Good Foods from $27.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, October 24th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Simply Good Foods presently has an average rating of "Hold" and an average target price of $33.11.
View Our Latest Analysis on Simply Good Foods
Simply Good Foods Company Profile
(
Get Free Report)
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.
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