Insider Selling: Simply Good Foods (NASDAQ:SMPL) CAO Sells 5,859 Shares of Stock

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

Simply Good Foods Trading Up 2.7%

Shares of NASDAQ:SMPL traded up $0.52 during mid-day trading on Wednesday, reaching $19.56. 1,433,393 shares of the company’s stock were exchanged, compared to its average volume of 1,256,188. The firm has a market capitalization 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 quick ratio of 2.30 and a current ratio of 3.64. The Simply Good Foods Company has a twelve month low of $18.47 and a twelve month high of $40.53. The business’s fifty day moving average price is $24.05 and its 200-day moving average price is $29.58.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). Simply Good Foods had a net margin of 7.14% and a return on equity of 10.06%. The company had revenue of $369.04 million during the quarter, compared to the consensus estimate of $369.07 million. During the same quarter last year, the firm posted $0.50 EPS. The company’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, research analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Weiss Ratings lowered shares of Simply Good Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Mizuho lowered their price objective on Simply Good Foods from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday. Morgan Stanley set a $24.00 price objective on shares of Simply Good Foods in a research report on Monday, October 27th. Jefferies Financial Group dropped their target price 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, Stifel Nicolaus set a $32.00 price target on shares of Simply Good Foods in a report on Friday, October 24th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Simply Good Foods presently has a consensus rating of “Hold” and an average target price of $32.22.

Institutional Trading of Simply Good Foods

Several hedge funds have recently bought and sold shares of the business. Yousif Capital Management LLC raised its holdings in Simply Good Foods by 1.0% during the second quarter. Yousif Capital Management LLC now owns 34,173 shares of the financial services provider’s stock worth $1,080,000 after buying an additional 341 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Simply Good Foods by 0.4% during 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 acquiring an additional 383 shares in the last quarter. Xponance Inc. increased its position in shares of Simply Good Foods by 5.8% during the first quarter. Xponance Inc. now owns 7,325 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 402 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its position in Simply Good Foods by 3.1% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 16,212 shares of the financial services provider’s stock valued at $559,000 after acquiring an additional 484 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its position in Simply Good Foods by 6.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 8,843 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 510 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

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.