Key Points
- Simply Good Foods director Clayton Daley, Jr. bought 10,000 shares at $11.78 each, totaling $117,800, which increased his stake by 9.83% to 111,743 shares.
- The stock was trading around $11.80, near its 12-month low of $10.21 and well below its 12-month high of $36.41, reflecting recent pressure on the shares.
- Analysts currently have a Hold consensus on SMPL, with an average price target of $21.64, while the company’s latest quarter showed earnings beat expectations but revenue declined 9.4% year over year.
The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) Director Clayton Daley, Jr. bought 10,000 shares of Simply Good Foods stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $11.78 per share, for a total transaction of $117,800.00. Following the purchase, the director owned 111,743 shares of the company's stock, valued at approximately $1,316,332.54. This trade represents a 9.83% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Simply Good Foods Trading Up 2.2%
SMPL stock opened at $11.80 on Tuesday. The company has a market capitalization of $1.07 billion, a PE ratio of -9.92 and a beta of 0.21. The Simply Good Foods Company has a 12 month low of $10.21 and a 12 month high of $36.41. The firm's 50-day moving average is $13.31 and its 200 day moving average is $16.97. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.06 and a quick ratio of 2.87.
Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings results on Thursday, April 9th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. The company had revenue of $326.01 million for the quarter, compared to the consensus estimate of $345.08 million. Simply Good Foods had a negative net margin of 7.46% and a positive return on equity of 9.72%. The firm's revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 EPS. On average, research analysts anticipate that The Simply Good Foods Company will post 1.54 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Simply Good Foods by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 10,631,429 shares of the financial services provider's stock worth $213,479,000 after acquiring an additional 249,405 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Simply Good Foods by 8.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,288,680 shares of the financial services provider's stock valued at $106,443,000 after buying an additional 346,395 shares in the last quarter. State Street Corp boosted its holdings in shares of Simply Good Foods by 0.4% in the 2nd quarter. State Street Corp now owns 3,645,749 shares of the financial services provider's stock valued at $115,169,000 after buying an additional 14,089 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Simply Good Foods by 10.0% in the 1st quarter. Boston Trust Walden Corp now owns 3,635,464 shares of the financial services provider's stock valued at $52,169,000 after buying an additional 330,330 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in shares of Simply Good Foods by 28.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,124,640 shares of the financial services provider's stock valued at $42,663,000 after buying an additional 469,903 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
SMPL has been the topic of several recent analyst reports. Jefferies Financial Group raised shares of Simply Good Foods from a "hold" rating to a "buy" rating and reduced their price target for the stock from $23.00 to $22.00 in a research note on Monday, March 16th. Stephens reiterated an "equal weight" rating and set a $14.00 target price (down from $24.00) on shares of Simply Good Foods in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Simply Good Foods from $16.00 to $13.00 and set a "hold" rating on the stock in a report on Friday, April 10th. BTIG Research began coverage on shares of Simply Good Foods in a report on Monday, April 13th. They set a "neutral" rating on the stock. Finally, Stifel Nicolaus dropped their target price on shares of Simply Good Foods from $32.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, April 10th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $21.64.
Get Our Latest Research Report on Simply Good Foods
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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