The Simply Good Foods Company (NASDAQ:SMPL) CMO Sells $222,000.00 in Stock

The Simply Good Foods Company (NASDAQ:SMPLGet Rating) CMO Linda Zink sold 5,000 shares of Simply Good Foods stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $44.40, for a total transaction of $222,000.00. Following the sale, the chief marketing officer now owns 21,815 shares in the company, valued at $968,586. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of NASDAQ:SMPL traded down $0.25 during trading on Wednesday, reaching $44.32. The stock had a trading volume of 732,319 shares, compared to its average volume of 644,737. The business has a fifty day moving average price of $38.63 and a 200-day moving average price of $38.16. The company has a quick ratio of 2.00, a current ratio of 3.12 and a debt-to-equity ratio of 0.30. The stock has a market cap of $4.45 billion, a P/E ratio of 68.12 and a beta of 1.06. The Simply Good Foods Company has a fifty-two week low of $31.09 and a fifty-two week high of $45.77.

Simply Good Foods (NASDAQ:SMPLGet Rating) last posted its quarterly earnings data on Wednesday, April 6th. The financial services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. The business had revenue of $296.70 million during the quarter, compared to analyst estimates of $274.92 million. Simply Good Foods had a net margin of 5.68% and a return on equity of 11.86%. The company’s revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 earnings per share. As a group, equities analysts forecast that The Simply Good Foods Company will post 1.43 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Moors & Cabot Inc. acquired a new position in Simply Good Foods during the third quarter worth approximately $26,000. EverSource Wealth Advisors LLC acquired a new position in Simply Good Foods during the fourth quarter worth approximately $29,000. Selective Wealth Management Inc. acquired a new position in Simply Good Foods during the fourth quarter worth approximately $33,000. Lindbrook Capital LLC increased its position in Simply Good Foods by 5,036.8% during the fourth quarter. Lindbrook Capital LLC now owns 3,493 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 3,425 shares during the last quarter. Finally, Advisor Group Holdings Inc. increased its position in Simply Good Foods by 5.9% during the third quarter. Advisor Group Holdings Inc. now owns 5,011 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 280 shares during the last quarter. 89.50% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently commented on SMPL. Morgan Stanley lifted their price target on shares of Simply Good Foods from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 7th. Zacks Investment Research upgraded shares of Simply Good Foods from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Wednesday. Credit Suisse Group raised shares of Simply Good Foods from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $38.00 to $45.00 in a report on Thursday, January 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Simply Good Foods from $45.00 to $48.00 in a report on Thursday, April 7th. Finally, Citigroup boosted their price objective on shares of Simply Good Foods from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, April 7th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $44.83.

Simply Good Foods Company Profile (Get Rating)

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, pizza, protein chips, recipes, and confectionery products, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names.

Further Reading

Insider Buying and Selling by Quarter for Simply Good Foods (NASDAQ:SMPL)

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