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

The Simply Good Foods Company (NASDAQ:SMPL) Director Clayton Daley, Jr. purchased 10,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $11.78 per share, with a total value of $117,800.00. Following the purchase, the director directly owned 111,743 shares in the company, valued at approximately $1,316,332.54. The trade was a 9.83% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Simply Good Foods Price Performance

SMPL stock opened at $11.55 on Monday. The company has a market capitalization of $1.05 billion, a P/E ratio of -9.71 and a beta of 0.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.87 and a current ratio of 5.06. The Simply Good Foods Company has a 52-week low of $10.21 and a 52-week high of $36.61. The business has a 50-day simple moving average of $13.40 and a two-hundred day simple moving average of $17.03.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Thursday, April 9th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $345.08 million. During the same quarter in the previous year, the business earned $0.46 EPS. The company’s revenue was down 9.4% compared to the same quarter last year. Research analysts expect that The Simply Good Foods Company will post 1.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SMPL has been the topic of a number of research analyst reports. Mizuho set a $19.00 target price on Simply Good Foods in a research note on Monday, May 4th. Stifel Nicolaus cut their target price on Simply Good Foods from $32.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. BTIG Research initiated coverage on Simply Good Foods in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. TD Cowen cut their target price on Simply Good Foods from $20.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, April 10th. Finally, Zacks Research downgraded Simply Good Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Five equities 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 MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.64.

Hedge Funds Weigh In On Simply Good Foods

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Simply Good Foods by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 10,631,429 shares of the financial services provider’s stock valued at $213,479,000 after purchasing an additional 249,405 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in Simply Good Foods by 740.0% in the third quarter. Y Intercept Hong Kong Ltd now owns 162,845 shares of the financial services provider’s stock valued at $4,042,000 after purchasing an additional 143,458 shares during the last quarter. Savoir Faire Capital Management L.P. lifted its stake in Simply Good Foods by 96.8% in the third quarter. Savoir Faire Capital Management L.P. now owns 145,956 shares of the financial services provider’s stock valued at $3,623,000 after purchasing an additional 71,773 shares during the last quarter. Tudor Investment Corp ET AL lifted its position in shares of Simply Good Foods by 468.7% during the third quarter. Tudor Investment Corp ET AL now owns 208,385 shares of the financial services provider’s stock worth $5,172,000 after acquiring an additional 171,745 shares in the last quarter. Finally, Clark Estates Inc. NY purchased a new stake in shares of Simply Good Foods during the third quarter worth $1,986,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

About Simply Good Foods

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.