Simply Good Foods (NASDAQ:SMPL) Director Acquires $117,800.00 in Stock

The Simply Good Foods Company (NASDAQ:SMPL) Director Clayton Daley, Jr. acquired 10,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $11.78 per share, with a total value of $117,800.00. Following the completion of the transaction, the director owned 111,743 shares in the company, valued at approximately $1,316,332.54. This represents a 9.83% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Simply Good Foods Stock Performance

SMPL stock opened at $11.55 on Monday. The stock has a 50-day moving average price of $13.40 and a 200-day moving average price of $17.03. The Simply Good Foods Company has a 1-year low of $10.21 and a 1-year high of $36.61. 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 firm has a market cap of $1.05 billion, a PE ratio of -9.71 and a beta of 0.21.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Thursday, April 9th. The financial services provider reported $0.45 earnings per share for the quarter, topping 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 analyst estimates of $345.08 million. During the same period last year, the company posted $0.46 EPS. The business’s quarterly revenue was down 9.4% on a year-over-year basis. As a group, equities research analysts expect that The Simply Good Foods Company will post 1.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SMPL. BTIG Research began coverage on Simply Good Foods in a research report on Monday, April 13th. They issued a “neutral” rating for the company. DA Davidson reissued a “neutral” rating and issued a $39.00 price objective on shares of Simply Good Foods in a research report on Friday, April 10th. TD Cowen lowered their price objective on Simply Good Foods from $20.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on Simply Good Foods from $16.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, April 10th. Finally, Morgan Stanley reduced their target price on Simply Good Foods from $24.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $21.64.

Institutional Trading of Simply Good Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in Simply Good Foods by 125.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 538 shares during the last quarter. Leonteq Securities AG boosted its stake in Simply Good Foods by 96.2% during the 1st quarter. Leonteq Securities AG now owns 2,309 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 1,132 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Simply Good Foods by 82.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,787 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 807 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in Simply Good Foods during the 3rd quarter valued at about $36,000. Finally, Parallel Advisors LLC boosted its stake in Simply Good Foods by 167.4% during the 4th quarter. Parallel Advisors LLC now owns 2,126 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,331 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Company Profile

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.