Key Points
- Insider purchase: Director Michael Clawson bought 5,000 shares on Nov. 17 at $20.00 each (a $100,000 transaction), bringing his stake to 37,620 shares — a 15.33% increase in his position.
- Recent results show a slight miss on the quarter — EPS $0.46 vs. $0.48 expected and revenue $369.04M (down 1.8% YoY) — while the stock trades near $20 with a market cap around $2.0B and a P/E of ~19.6.
- Institutional ownership is high at ~88.5%, and analyst sentiment is mixed with an average "Hold" rating and a consensus target of about $32.22 after several recent target cuts.
The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) insider Michael Clawson bought 5,000 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were bought at an average price of $20.00 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the insider directly owned 37,620 shares of the company's stock, valued at $752,400. This represents a 15.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Simply Good Foods Stock Performance
SMPL traded up $0.64 during midday trading on Thursday, reaching $20.03. The company had a trading volume of 220,878 shares, compared to its average volume of 1,258,713. The business has a 50-day moving average of $23.03 and a two-hundred day moving average of $28.94. The company has a quick ratio of 2.30, a current ratio of 3.64 and a debt-to-equity ratio of 0.14. The Simply Good Foods Company has a 1 year low of $18.47 and a 1 year high of $40.53. The company has a market cap of $2.00 billion, a P/E ratio of 19.59, a P/E/G ratio of 3.40 and a beta of 0.47.
Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its earnings results 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 firm 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 period in the prior year, the company posted $0.50 earnings per share. Simply Good Foods has set its FY 2026 guidance at EPS. As a group, equities research analysts predict that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.
Institutional Trading of Simply Good Foods
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Danske Bank A S purchased a new position in Simply Good Foods during the third quarter worth $626,000. Caxton Associates LLP purchased a new stake in Simply Good Foods during the third quarter valued at approximately $1,327,000. Dark Forest Capital Management LP acquired a new stake in Simply Good Foods in the third quarter worth about $917,000. PharVision Advisers LLC acquired a new position in Simply Good Foods during the 3rd quarter valued at approximately $360,000. Finally, XTX Topco Ltd raised its stake in Simply Good Foods by 55.5% in the 3rd quarter. XTX Topco Ltd now owns 27,129 shares of the financial services provider's stock worth $673,000 after acquiring an additional 9,688 shares during the last quarter. Hedge funds and other institutional investors own 88.45% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Stifel Nicolaus set a $32.00 price target on Simply Good Foods in a research note on Friday, October 24th. Zacks Research downgraded Simply Good Foods from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 28th. Mizuho dropped their price target on Simply Good Foods from $43.00 to $35.00 and set an "outperform" rating for the company in a research note on Wednesday, November 12th. UBS Group lowered their target price on shares of Simply Good Foods from $27.00 to $23.00 and set a "neutral" rating on the stock in a report on Friday, October 24th. Finally, Jefferies Financial Group cut their target price on shares of Simply Good Foods from $32.00 to $27.00 and set a "hold" rating for the company in a research note on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $32.22.
View Our Latest Stock 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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