Insider Selling: The Simply Good Foods Company (NASDAQ:SMPL) SVP Sells $36,437.52 in Stock

The Simply Good Foods Company (NASDAQ:SMPL) SVP Stuart E. Jr. Heflin sold 1,058 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $34.44, for a total transaction of $36,437.52. Following the transaction, the senior vice president now owns 19,319 shares of the company’s stock, valued at approximately $665,346.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Simply Good Foods Stock Up 0.3 %

Simply Good Foods stock opened at $34.14 on Monday. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $43.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.19 and a quick ratio of 4.05. The stock’s 50 day moving average price is $36.12 and its 200 day moving average price is $35.73. The company has a market cap of $3.42 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 2.41 and a beta of 0.61.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, June 27th. The financial services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $334.80 million for the quarter, compared to analysts’ expectations of $337.66 million. Simply Good Foods had a return on equity of 10.28% and a net margin of 11.49%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 EPS. On average, sell-side analysts predict that The Simply Good Foods Company will post 1.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on SMPL shares. Morgan Stanley reissued an “overweight” rating and issued a $42.00 target price on shares of Simply Good Foods in a report on Thursday, April 11th. DA Davidson increased their target price on shares of Simply Good Foods from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, July 1st. TD Cowen started coverage on Simply Good Foods in a research report on Monday, April 22nd. They issued a “hold” rating and a $34.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $41.00 price objective on shares of Simply Good Foods in a research report on Friday, June 28th. Finally, Stifel Nicolaus boosted their target price on Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a report on Friday, June 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.29.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. boosted its stake in shares of Simply Good Foods by 121.5% during the fourth quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 457 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Simply Good Foods by 182.4% during the second quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock worth $31,000 after buying an additional 549 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Simply Good Foods by 103.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock valued at $34,000 after buying an additional 433 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of Simply Good Foods during the fourth quarter valued at approximately $36,000. Finally, TFO Wealth Partners LLC boosted its position in Simply Good Foods by 59,100.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 1,182 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors and hedge funds.

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.