Joseph Scalzo Sells 147,200 Shares of The Simply Good Foods Company (NASDAQ:SMPL) Stock

The Simply Good Foods Company (NASDAQ:SMPL) Director Joseph Scalzo sold 147,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $36.86, for a total transaction of $5,425,792.00. Following the transaction, the director now directly owns 141,439 shares in the company, valued at $5,213,441.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Joseph Scalzo also recently made the following trade(s):

• On Friday, November 8th, Joseph Scalzo sold 2,374 shares of Simply Good Foods stock. The shares were sold at an average price of $36.23, for a total transaction of $86,010.02.
• On Wednesday, November 6th, Joseph Scalzo sold 25,000 shares of Simply Good Foods stock. The shares were sold at an average price of $35.99, for a total transaction of $899,750.00.

Simply Good Foods Stock Down 0.7 %

NASDAQ:SMPL opened at $36.47 on Thursday. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $43.00. The stock has a market capitalization of $3.66 billion, a P/E ratio of 26.43, a P/E/G ratio of 3.25 and a beta of 0.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.75 and a current ratio of 4.05. The company’s 50-day simple moving average is $34.08 and its 200-day simple moving average is $34.94.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. The business had revenue of $375.70 million for the quarter, compared to analysts’ expectations of $373.07 million. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. The company’s revenue was up 17.3% compared to the same quarter last year. During the same period last year, the business earned $0.41 EPS. On average, equities analysts anticipate that The Simply Good Foods Company will post 1.76 earnings per share for the current fiscal year.

Institutional Trading of Simply Good Foods

A number of institutional investors have recently bought and sold shares of SMPL. Texas Permanent School Fund Corp boosted its stake in Simply Good Foods by 1.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 79,493 shares of the financial services provider’s stock worth $2,705,000 after purchasing an additional 1,194 shares in the last quarter. Swiss National Bank boosted its stake in Simply Good Foods by 0.4% in the 1st quarter. Swiss National Bank now owns 187,100 shares of the financial services provider’s stock worth $6,367,000 after purchasing an additional 700 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Simply Good Foods during the 1st quarter valued at approximately $131,000. ProShare Advisors LLC lifted its stake in Simply Good Foods by 6.2% during the 1st quarter. ProShare Advisors LLC now owns 19,512 shares of the financial services provider’s stock valued at $664,000 after acquiring an additional 1,132 shares during the period. Finally, SageView Advisory Group LLC acquired a new stake in Simply Good Foods during the 1st quarter valued at approximately $176,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Stephens cut their target price on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Simply Good Foods has an average rating of “Moderate Buy” and an average target price of $40.50.

Simply Good Foods Company Profile

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.