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The Simply Good Foods Company (NASDAQ:SMPL) CEO Buys 6,050 Shares

Simply Good Foods logo with Consumer Staples background

The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) CEO Geoff E. Tanner bought 6,050 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was purchased at an average price of $33.11 per share, with a total value of $200,315.50. Following the completion of the acquisition, the chief executive officer owned 98,190 shares of the company's stock, valued at approximately $3,251,070.90. This trade represents a 6.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Simply Good Foods Stock Performance

SMPL stock traded up $0.32 during midday trading on Friday, hitting $33.19. The stock had a trading volume of 818,744 shares, compared to its average volume of 1,588,186. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 3.25 and a beta of 0.68. The company has a current ratio of 3.95, a quick ratio of 2.46 and a debt-to-equity ratio of 0.14. The stock has a 50-day simple moving average of $33.20 and a 200 day simple moving average of $35.01. The Simply Good Foods Company has a 52 week low of $30.47 and a 52 week high of $40.53.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings data on Thursday, July 10th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $380,956 billion during the quarter, compared to analysts' expectations of $381.68 million. Simply Good Foods had a net margin of 9.97% and a return on equity of 10.29%. The company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 EPS. As a group, equities research analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Analysts Set New Price Targets

SMPL has been the subject of a number of research analyst reports. DA Davidson cut their target price on shares of Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, June 9th. Morgan Stanley increased their price objective on Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. Stifel Nicolaus reduced their target price on shares of Simply Good Foods from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, June 27th. UBS Group set a $36.00 price objective on shares of Simply Good Foods and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Finally, Mizuho lowered their target price on shares of Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 15th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.88.

Get Our Latest Research Report on Simply Good Foods

Institutional Trading of Simply Good Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its stake in Simply Good Foods by 72.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 445 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Simply Good Foods during the 1st quarter worth $54,000. Caitong International Asset Management Co. Ltd purchased a new stake in Simply Good Foods in the 1st quarter worth about $55,000. Quarry LP raised its stake in Simply Good Foods by 59.7% in the 1st quarter. Quarry LP now owns 2,009 shares of the financial services provider's stock valued at $69,000 after acquiring an additional 751 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in Simply Good Foods by 13.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock worth $98,000 after purchasing an additional 300 shares during the period. 88.45% of the stock is owned by institutional investors.

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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