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

The Simply Good Foods Company (NASDAQ:SMPL) Director Clayton Daley, Jr. purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of $11.78 per share, with a total value of $117,800.00. Following the completion of the transaction, the director owned 111,743 shares in the company, valued at $1,316,332.54. This trade represents a 9.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Simply Good Foods Stock Down 2.0%

Shares of Simply Good Foods stock opened at $11.18 on Thursday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -9.39 and a beta of 0.21. The Simply Good Foods Company has a twelve month low of $10.21 and a twelve month high of $36.14. The company has a fifty day moving average price of $13.13 and a 200 day moving average price of $16.86. The company has a current ratio of 5.06, a quick ratio of 2.87 and a debt-to-equity ratio of 0.27.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly 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. The firm had revenue of $326.01 million during the quarter, compared to analysts’ expectations of $345.08 million. Simply Good Foods had a positive return on equity of 9.72% and a negative net margin of 7.46%.Simply Good Foods’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS. Equities research analysts forecast that The Simply Good Foods Company will post 1.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of Simply Good Foods from $24.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Mizuho set a $19.00 price objective on shares of Simply Good Foods in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Simply Good Foods from $16.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, April 10th. UBS Group decreased their price objective on shares of Simply Good Foods from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Finally, TD Cowen decreased their price objective on shares of Simply Good Foods from $20.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, April 10th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.64.

Hedge Funds Weigh In On Simply Good Foods

Institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System grew its stake in Simply Good Foods by 0.4% in the second quarter. California State Teachers Retirement System now owns 88,477 shares of the financial services provider’s stock worth $2,795,000 after purchasing an additional 383 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in Simply Good Foods by 6.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 8,843 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 510 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Simply Good Foods by 125.4% in the second quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 538 shares in the last quarter. AQR Capital Management LLC grew its stake in Simply Good Foods by 3.4% in the first quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock worth $656,000 after purchasing an additional 617 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in Simply Good Foods by 4.1% in the fourth quarter. Cerity Partners LLC now owns 18,000 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 701 shares in the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

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.