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

The Simply Good Foods Company (NASDAQ:SMPL) Director Brian K. Ratzan sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $37.38, for a total transaction of $1,869,000.00. Following the completion of the transaction, the director now owns 2,049,387 shares in the company, valued at approximately $76,606,086.06. This trade represents a 2.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Simply Good Foods Price Performance

Shares of SMPL stock traded down $0.19 on Friday, reaching $37.13. The company had a trading volume of 62,377 shares, compared to its average volume of 877,622. The stock has a market capitalization of $3.72 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 3.23 and a beta of 0.64. The company has a quick ratio of 2.75, a current ratio of 4.05 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average is $34.15 and its 200 day moving average is $34.95. The Simply Good Foods Company has a one year low of $30.00 and a one year high of $43.00.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Stephens decreased 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 research report on Wednesday, October 23rd. Citigroup reduced their price target on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.78.

Hedge Funds Weigh In On Simply Good Foods

Several large investors have recently bought and sold shares of the company. UniSuper Management Pty Ltd acquired a new position in shares of Simply Good Foods during the first quarter worth $615,000. Tidal Investments LLC grew its position in shares of Simply Good Foods by 215.8% in the 1st quarter. Tidal Investments LLC now owns 37,396 shares of the financial services provider’s stock valued at $1,273,000 after buying an additional 25,553 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of Simply Good Foods by 60.7% during the second quarter. Mutual of America Capital Management LLC now owns 154,988 shares of the financial services provider’s stock worth $5,600,000 after acquiring an additional 58,553 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Simply Good Foods in the first quarter worth approximately $624,000. Finally, SG Americas Securities LLC boosted its holdings in Simply Good Foods by 671.9% in the second quarter. SG Americas Securities LLC now owns 30,697 shares of the financial services provider’s stock valued at $1,109,000 after acquiring an additional 26,720 shares during 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.