Key Points
- CAO Timothy Allen Matthews sold 5,859 shares on Nov. 11 at an average price of $19.47 for about $114,075, leaving him with 18,065 shares (a 24.49% reduction); the trade was disclosed in an SEC filing.
- The company missed Q3 EPS ($0.46 vs. $0.48 expected) and reported revenue of $369.04M (down 1.8% year‑over‑year), indicating near‑term pressure on growth.
- Shares traded up 1.6% to $19.88 and sit close to a 52‑week low of $18.47 with a market cap of $1.99B; analysts' consensus is a "Hold" with an average price target of $32.22 and institutional ownership around 88.45%.
The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) CAO Timothy Allen Matthews sold 5,859 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $19.47, for a total value of $114,074.73. Following the transaction, the chief accounting officer directly owned 18,065 shares in the company, valued at approximately $351,725.55. The trade was a 24.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Simply Good Foods Stock Up 1.6%
Shares of NASDAQ SMPL traded up $0.32 during mid-day trading on Thursday, reaching $19.88. The company had a trading volume of 148,607 shares, compared to its average volume of 1,250,746. The firm has a 50 day simple moving average of $23.87 and a two-hundred day simple moving average of $29.51. The company has a current ratio of 3.64, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The Simply Good Foods Company has a 52-week low of $18.47 and a 52-week high of $40.53. The stock has a market cap of $1.99 billion, a P/E ratio of 19.48, a PEG ratio of 3.29 and a beta of 0.47.
Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). The business had revenue of $369.04 million during the quarter, compared to analysts' expectations of $369.07 million. Simply Good Foods had a return on equity of 10.06% and a net margin of 7.14%.The company's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. Simply Good Foods has set its FY 2026 guidance at EPS. Sell-side analysts predict that The Simply Good Foods Company will post 1.78 earnings per share for the current year.
Hedge Funds Weigh In On Simply Good Foods
Hedge funds have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its holdings in shares of Simply Good Foods by 2.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,194,531 shares of the financial services provider's stock worth $179,160,000 after buying an additional 134,618 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Simply Good Foods by 8.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,288,680 shares of the financial services provider's stock worth $106,443,000 after buying an additional 346,395 shares during the period. Wellington Management Group LLP increased its stake in Simply Good Foods by 18.3% in the first quarter. Wellington Management Group LLP now owns 4,195,497 shares of the financial services provider's stock valued at $144,703,000 after purchasing an additional 649,258 shares in the last quarter. State Street Corp increased its holdings in shares of Simply Good Foods by 0.4% during the second quarter. State Street Corp now owns 3,645,749 shares of the financial services provider's stock valued at $115,169,000 after acquiring an additional 14,089 shares in the last quarter. Finally, Boston Trust Walden Corp increased its stake in Simply Good Foods by 16.0% during the 3rd quarter. Boston Trust Walden Corp now owns 3,520,960 shares of the financial services provider's stock valued at $87,390,000 after purchasing an additional 486,837 shares in the last quarter. 88.45% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on SMPL shares. Stifel Nicolaus set a $32.00 price objective on shares of Simply Good Foods in a report on Friday, October 24th. UBS Group lowered their price target on Simply Good Foods from $27.00 to $23.00 and set a "neutral" rating on the stock in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $26.00 price objective on Simply Good Foods and gave the stock a "hold" rating in a research note on Friday, October 24th. Mizuho reduced their price objective on Simply Good Foods from $43.00 to $35.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, Morgan Stanley set a $24.00 target price on shares of Simply Good Foods in a research note on Monday, October 27th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $32.22.
Get Our Latest Stock Analysis on SMPL
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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