Brian K. Ratzan Sells 50,000 Shares of The Simply Good Foods Company (NASDAQ:SMPL) Stock

The Simply Good Foods Company (NASDAQ:SMPL) Director Brian K. Ratzan sold 50,000 shares of Simply Good Foods stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $37.38, for a total transaction of $1,869,000.00. Following the transaction, the director now directly owns 2,049,387 shares in the company, valued at $76,606,086.06. This trade represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Simply Good Foods Stock Down 1.6 %

NASDAQ SMPL opened at $36.71 on Friday. The Simply Good Foods Company has a 1 year low of $30.00 and a 1 year high of $43.00. The stock has a market capitalization of $3.68 billion, a PE ratio of 26.60, a PEG ratio of 3.23 and a beta of 0.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.05 and a quick ratio of 2.75. The business’s 50-day moving average is $34.23 and its 200 day moving average is $34.97.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The firm had revenue of $375.70 million for the quarter, compared to analysts’ expectations of $373.07 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The business’s revenue was up 17.3% compared to the same quarter last year. Sell-side analysts forecast that The Simply Good Foods Company will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SMPL shares. Stephens reduced 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 report on Wednesday, October 23rd. Citigroup reduced their price objective on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.78.

Institutional Investors Weigh In On Simply Good Foods

Large investors have recently modified their holdings of the stock. Quarry LP purchased a new stake in Simply Good Foods in the second quarter worth about $30,000. GAMMA Investing LLC grew its holdings in shares of Simply Good Foods by 182.4% during the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 549 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Simply Good Foods by 236.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 1,241 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Simply Good Foods in the 2nd quarter valued at approximately $71,000. Finally, KBC Group NV boosted its position in shares of Simply Good Foods by 31.9% during the third quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 746 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.

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.