Key Points
- Director James Kilts purchased 80,000 shares of Simply Good Foods on April 23 at an average price of $12.39 (≈$991,200), boosting his stake to 172,854 shares — an 86.16% increase.
- The company beat EPS with $0.45 vs. $0.40 expected, but revenue fell 9.4% year-over-year to $326.01 million and the firm reported a negative net margin of 7.46%.
- Analysts are mixed: MarketBeat shows a consensus "Hold" with an average target of $22.64, while recent downgrades cut some targets to $13, and the stock trades near recent moving averages within a 12‑month range of $10.21–$36.99.
The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) Director James Kilts acquired 80,000 shares of the firm's stock in a transaction on Thursday, April 23rd. The stock was purchased at an average price of $12.39 per share, with a total value of $991,200.00. Following the acquisition, the director owned 172,854 shares of the company's stock, valued at $2,141,661.06. This represents a 86.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Simply Good Foods Price Performance
SMPL opened at $13.36 on Friday. The stock has a fifty day simple moving average of $14.49 and a two-hundred day simple moving average of $18.14. The company has a current ratio of 5.06, a quick ratio of 2.87 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.21 billion, a price-to-earnings ratio of -11.23 and a beta of 0.33. The Simply Good Foods Company has a 12-month low of $10.21 and a 12-month high of $36.99.
Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its quarterly earnings results on Thursday, April 9th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. Simply Good Foods had a positive return on equity of 9.72% and a negative net margin of 7.46%.The firm had revenue of $326.01 million during the quarter, compared to the consensus estimate of $345.08 million. During the same period last year, the company earned $0.46 earnings per share. The company's revenue was down 9.4% on a year-over-year basis. Research analysts predict that The Simply Good Foods Company will post 1.54 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Simply Good Foods
Several institutional investors have recently modified their holdings of the business. Pictet Asset Management Holding SA boosted its position in shares of Simply Good Foods by 17.8% during the first quarter. Pictet Asset Management Holding SA now owns 16,955 shares of the financial services provider's stock valued at $243,000 after buying an additional 2,557 shares during the last quarter. Wesbanco Bank Inc. boosted its position in shares of Simply Good Foods by 114.1% during the first quarter. Wesbanco Bank Inc. now owns 68,500 shares of the financial services provider's stock valued at $983,000 after buying an additional 36,500 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Simply Good Foods during the first quarter valued at $542,000. SG Americas Securities LLC boosted its position in shares of Simply Good Foods by 782.6% during the first quarter. SG Americas Securities LLC now owns 465,390 shares of the financial services provider's stock valued at $6,678,000 after buying an additional 412,660 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Simply Good Foods during the fourth quarter valued at $599,000. 88.45% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
SMPL has been the subject of several analyst reports. TD Cowen reduced their price target on Simply Good Foods from $20.00 to $13.00 and set a "hold" rating for the company in a report on Friday, April 10th. UBS Group reduced their price target on Simply Good Foods from $16.00 to $13.00 and set a "neutral" rating for the company in a report on Friday, April 10th. Jefferies Financial Group upgraded Simply Good Foods from a "hold" rating to a "buy" rating and reduced their price target for the company from $23.00 to $22.00 in a report on Monday, March 16th. Mizuho set a $30.00 price target on Simply Good Foods in a report on Thursday, January 15th. Finally, BTIG Research initiated coverage on Simply Good Foods in a report on Monday, April 13th. They set a "neutral" rating for the company. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Simply Good Foods presently has a consensus rating of "Hold" and an average target price of $22.64.
View Our Latest Stock Report on SMPL
Simply Good Foods Company Profile
(
Get Free Report)
Simply Good Foods Co (NASDAQ: SMPL) is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.
Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.
Further Reading
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