Timothy Allen Matthews Sells 5,859 Shares of Simply Good Foods (NASDAQ:SMPL) Stock

The Simply Good Foods Company (NASDAQ:SMPL) CAO Timothy Allen Matthews sold 5,859 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $19.47, for a total transaction of $114,074.73. Following the completion of the sale, the chief accounting officer directly owned 18,065 shares in the company, valued at $351,725.55. This represents a 24.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Simply Good Foods Stock Up 2.7%

SMPL stock traded up $0.52 during trading hours on Wednesday, reaching $19.56. 1,433,393 shares of the stock were exchanged, compared to its average volume of 1,256,188. The firm’s 50-day moving average is $24.05 and its 200-day moving average is $29.58. The Simply Good Foods Company has a 12 month low of $18.47 and a 12 month high of $40.53. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 3.32 and a beta of 0.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.64 and a quick ratio of 2.30.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). Simply Good Foods had a return on equity of 10.06% and a net margin of 7.14%.The firm had revenue of $369.04 million for the quarter, compared to analyst estimates of $369.07 million. During the same period in the prior year, the company earned $0.50 earnings per share. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. Simply Good Foods has set its FY 2026 guidance at EPS. On average, equities research analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Institutional Investors Weigh In On Simply Good Foods

Hedge funds have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Simply Good Foods during the 2nd quarter worth about $612,000. Econ Financial Services Corp acquired a new position in Simply Good Foods in the 2nd quarter valued at $830,000. Intech Investment Management LLC lifted its position in Simply Good Foods by 43.5% during the first quarter. Intech Investment Management LLC now owns 62,005 shares of the financial services provider’s stock worth $2,139,000 after purchasing an additional 18,801 shares during the period. Voya Investment Management LLC raised its position in shares of Simply Good Foods by 33.2% in the 1st quarter. Voya Investment Management LLC now owns 79,703 shares of the financial services provider’s stock valued at $2,749,000 after buying an additional 19,887 shares in the last quarter. Finally, Woodline Partners LP lifted its holdings in shares of Simply Good Foods by 10.9% during the 1st quarter. Woodline Partners LP now owns 1,664,755 shares of the financial services provider’s stock worth $57,417,000 after acquiring an additional 163,720 shares during the period. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SMPL shares. UBS Group decreased their price target on shares of Simply Good Foods from $27.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Zacks Research downgraded shares of Simply Good Foods from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Stifel Nicolaus set a $32.00 price target on shares of Simply Good Foods in a research note on Friday, October 24th. Jefferies Financial Group cut their price target on shares of Simply Good Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, October 22nd. Finally, Weiss Ratings downgraded Simply Good Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $32.22.

Simply Good Foods Company Profile

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.