The Simply Good Foods Company (NASDAQ:SMPL – Get Free Report) Director Clayton Daley, Jr. purchased 10,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $11.78 per share, with a total value of $117,800.00. Following the completion of the acquisition, the director owned 111,743 shares of the company’s stock, valued at approximately $1,316,332.54. The trade was a 9.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Simply Good Foods Stock Down 3.3%
SMPL opened at $11.41 on Wednesday. The firm has a market cap of $1.03 billion, a P/E ratio of -9.59 and a beta of 0.21. The business’s fifty day simple moving average is $13.22 and its 200 day simple moving average is $16.91. The Simply Good Foods Company has a 52 week low of $10.21 and a 52 week high of $36.25. The company has a quick ratio of 2.87, a current ratio of 5.06 and a debt-to-equity ratio of 0.27.
Simply Good Foods (NASDAQ:SMPL – Get Free Report) last released its earnings results on Thursday, April 9th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Simply Good Foods had a negative net margin of 7.46% and a positive return on equity of 9.72%. The company had revenue of $326.01 million for the quarter, compared to analyst estimates of $345.08 million. During the same period in the prior year, the firm earned $0.46 EPS. The firm’s quarterly revenue was down 9.4% on a year-over-year basis. As a group, equities research analysts anticipate that The Simply Good Foods Company will post 1.54 EPS for the current fiscal year.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on SMPL
Hedge Funds Weigh In On Simply Good Foods
Hedge funds have recently made changes to their positions in the stock. River Road Asset Management LLC acquired a new stake in shares of Simply Good Foods during the 4th quarter worth $31,857,000. Marshall Wace LLP acquired a new position in Simply Good Foods in the third quarter valued at $31,825,000. Oaktree Capital Management LP purchased a new stake in Simply Good Foods during the first quarter valued at about $16,200,000. Millennium Management LLC grew its position in Simply Good Foods by 482.7% during the third quarter. Millennium Management LLC now owns 1,246,236 shares of the financial services provider’s stock valued at $30,932,000 after acquiring an additional 1,032,358 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Simply Good Foods by 179.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,472,753 shares of the financial services provider’s stock worth $21,134,000 after acquiring an additional 946,216 shares during the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.
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.
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