The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) CEO Geoff E. Tanner acquired 6,050 shares of Simply Good Foods stock in a transaction that occurred on Wednesday, July 23rd. The shares were purchased at an average cost of $33.11 per share, for a total transaction of $200,315.50. Following the purchase, the chief executive officer directly 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Simply Good Foods Trading Up 1.0%
Shares of SMPL stock traded up $0.32 during mid-day trading on Friday, reaching $33.19. The company's stock had a trading volume of 818,744 shares, compared to its average volume of 1,588,186. The company's 50 day simple moving average is $33.27 and its 200-day simple moving average is $35.04. The Simply Good Foods Company has a 12-month low of $30.47 and a 12-month high of $40.53. The company has a quick ratio of 2.46, a current ratio of 3.95 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $3.34 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 3.22 and a beta of 0.68.
Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its earnings results on Thursday, July 10th. The financial services provider reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. Simply Good Foods had a net margin of 9.97% and a return on equity of 10.29%. The business had revenue of $380,956 billion for the quarter, compared to the consensus estimate of $381.68 million. During the same quarter last year, the firm posted $0.50 EPS. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, research analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
SMPL has been the subject of several research analyst reports. Mizuho dropped their price target on shares of Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating for the company in a research report on Tuesday, July 15th. Sanford C. Bernstein set a $45.00 price target on shares of Simply Good Foods and gave the stock an "outperform" rating in a research report on Friday, July 11th. Morgan Stanley upped their price target on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. UBS Group set a $36.00 price target on shares of Simply Good Foods and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Finally, DA Davidson dropped their price target 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. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $39.88.
Check Out Our Latest Stock Analysis on SMPL
Hedge Funds Weigh In On Simply Good Foods
Hedge funds have recently made changes to their positions in the business. FMR LLC boosted its stake in shares of Simply Good Foods by 86.5% in the fourth quarter. FMR LLC now owns 9,566,199 shares of the financial services provider's stock valued at $372,890,000 after purchasing an additional 4,437,372 shares during the period. Norges Bank purchased a new position in shares of Simply Good Foods in the fourth quarter valued at $44,006,000. Wellington Management Group LLP boosted its stake in shares of Simply Good Foods by 23.5% in the fourth quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider's stock valued at $138,232,000 after purchasing an additional 674,618 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Simply Good Foods by 52.1% in the first quarter. Victory Capital Management Inc. now owns 1,539,208 shares of the financial services provider's stock valued at $53,087,000 after purchasing an additional 527,089 shares during the period. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Simply Good Foods by 3,306.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 460,827 shares of the financial services provider's stock valued at $17,963,000 after purchasing an additional 447,300 shares during the period. Hedge funds and other institutional investors own 88.45% of the company's stock.
Simply Good Foods Company Profile
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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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