Simply Good Foods (NASDAQ:SMPL) Stock Price Down 2.5% After Insider Selling

The Simply Good Foods Company (NASDAQ:SMPL) was down 2.5% during mid-day trading on Monday following insider selling activity. The company traded as low as $37.04 and last traded at $37.06. Approximately 244,537 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 925,032 shares. The stock had previously closed at $38.00.

Specifically, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the transaction, the senior vice president now owns 12,839 shares of the company’s stock, valued at $478,252.75. The trade was a 28.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Mizuho lifted their target price on Simply Good Foods from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley lifted their price objective 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. Finally, DA Davidson increased their price objective on shares of Simply Good Foods from $35.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Simply Good Foods currently has an average rating of “Moderate Buy” and a consensus target price of $40.22.

Simply Good Foods Stock Down 1.1 %

The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $35.76 and a two-hundred day moving average price of $36.34. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 3.23 and a beta of 0.63.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The business had revenue of $359.70 million during the quarter, compared to analysts’ expectations of $354.50 million. During the same quarter in the previous year, the company earned $0.40 EPS. The business’s revenue was up 15.2% on a year-over-year basis. As a group, sell-side analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current year.

Institutional Investors Weigh In On Simply Good Foods

Several institutional investors have recently made changes to their positions in SMPL. R Squared Ltd bought a new position in Simply Good Foods during the 4th quarter worth $26,000. CIBC Private Wealth Group LLC increased its position in shares of 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 worth $38,000 after purchasing an additional 445 shares during the period. Smartleaf Asset Management LLC raised its stake in Simply Good Foods by 255.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 1,229 shares in the last quarter. GAMMA Investing LLC lifted its position in Simply Good Foods by 215.6% during the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,201 shares during the period. Finally, Quadrant Capital Group LLC grew its stake 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 buying an additional 300 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors.

About Simply Good Foods

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.