Simply Good Foods (NASDAQ:SMPL) Director Clayton Daley, Jr. Acquires 10,000 Shares

The Simply Good Foods Company (NASDAQ:SMPL) Director Clayton Daley, Jr. purchased 10,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $1,316,332.54. This trade represents a 9.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Simply Good Foods Stock Performance

SMPL opened at $11.80 on Tuesday. The firm has a market cap of $1.07 billion, a P/E ratio of -9.92 and a beta of 0.21. The Simply Good Foods Company has a 1-year low of $10.21 and a 1-year high of $36.41. The company has a 50 day simple moving average of $13.31 and a two-hundred day simple moving average of $16.97. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.06 and a quick ratio of 2.87.

Simply Good Foods (NASDAQ:SMPL) last posted 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. Simply Good Foods had a negative net margin of 7.46% and a positive return on equity of 9.72%. The business had revenue of $326.01 million during the quarter, compared to analyst estimates of $345.08 million. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s revenue was down 9.4% on a year-over-year basis. Equities analysts forecast that The Simply Good Foods Company will post 1.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Simply Good Foods

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Simply Good Foods by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 10,631,429 shares of the financial services provider’s stock valued at $213,479,000 after acquiring an additional 249,405 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Simply Good Foods by 8.8% in the third quarter. Dimensional Fund Advisors LP now owns 4,288,680 shares of the financial services provider’s stock valued at $106,443,000 after acquiring an additional 346,395 shares during the period. State Street Corp raised its stake in shares of Simply Good Foods by 0.4% in the second quarter. State Street Corp now owns 3,645,749 shares of the financial services provider’s stock valued at $115,169,000 after acquiring an additional 14,089 shares during the period. Boston Trust Walden Corp raised its stake in shares of Simply Good Foods by 10.0% in the first quarter. Boston Trust Walden Corp now owns 3,635,464 shares of the financial services provider’s stock valued at $52,169,000 after acquiring an additional 330,330 shares during the period. Finally, William Blair Investment Management LLC raised its stake in shares of Simply Good Foods by 28.4% in the fourth quarter. William Blair Investment Management LLC now owns 2,124,640 shares of the financial services provider’s stock valued at $42,663,000 after acquiring an additional 469,903 shares during the period. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on SMPL. TD Cowen dropped their target price 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. Jefferies Financial Group upgraded shares of Simply Good Foods from a “hold” rating to a “buy” rating and dropped their target price for the stock from $23.00 to $22.00 in a research report on Monday, March 16th. Stifel Nicolaus dropped their target price on shares of Simply Good Foods from $32.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft dropped their target price 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. Finally, DA Davidson restated a “neutral” rating and set a $39.00 target price on shares of Simply Good Foods in a research report on Friday, April 10th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Simply Good Foods presently has an average rating of “Hold” and a consensus target price of $21.64.

Simply Good Foods Company Profile

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.