Simply Good Foods (NASDAQ:SMPL) CAO Timothy Allen Matthews Sells 5,859 Shares

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

Simply Good Foods Price Performance

SMPL traded up $0.32 during midday trading on Thursday, reaching $19.88. 148,607 shares of the company’s stock were exchanged, compared to its average volume of 1,250,746. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 3.29 and a beta of 0.47. The business has a 50-day simple moving average of $23.87 and a two-hundred day simple moving average of $29.51. The Simply Good Foods Company has a one year low of $18.47 and a one year high of $40.53. The company has a quick ratio of 2.30, a current ratio of 3.64 and a debt-to-equity ratio of 0.14.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data 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). The business had revenue of $369.04 million during the quarter, compared to analyst estimates of $369.07 million. Simply Good Foods had a return on equity of 10.06% and a net margin of 7.14%.Simply Good Foods’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. Simply Good Foods has set its FY 2026 guidance at EPS. As a group, research analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current year.

Analyst Ratings Changes

A number of equities 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 report on Saturday, October 25th. Zacks Research cut shares of Simply Good Foods from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Mizuho reduced their price objective on shares of Simply Good Foods from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday. Stifel Nicolaus set a $32.00 target price on shares of Simply Good Foods in a research report on Friday, October 24th. Finally, Morgan Stanley set a $24.00 target price on shares of Simply Good Foods in a research note on Monday, October 27th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $32.22.

Institutional Trading of Simply Good Foods

Large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in Simply Good Foods by 125.4% during the second quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 538 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Simply Good Foods in the first quarter worth $54,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Simply Good Foods during the first quarter worth $55,000. CWM LLC boosted its holdings in Simply Good Foods by 343.0% in the third quarter. CWM LLC now owns 2,605 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 2,017 shares during the last quarter. Finally, Quarry LP boosted its holdings in Simply Good Foods by 59.7% during the first quarter. Quarry LP now owns 2,009 shares of the financial services provider’s stock worth $69,000 after buying an additional 751 shares in 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.