Simply Good Foods (NASDAQ:SMPL) Stock Crosses Below 200-Day Moving Average – Time to Sell?

The Simply Good Foods Company (NASDAQ:SMPL)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.84 and traded as low as $20.69. Simply Good Foods shares last traded at $21.15, with a volume of 2,294,904 shares traded.

Analyst Ratings Changes

Several research analysts have weighed in on SMPL shares. Stifel Nicolaus set a $32.00 price objective on shares of Simply Good Foods in a research note on Friday, October 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Simply Good Foods in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $22.00 price target on shares of Simply Good Foods in a research note on Monday, December 15th. UBS Group restated a “neutral” rating on shares of Simply Good Foods in a research note on Friday, January 9th. Finally, Zacks Research raised shares of Simply Good Foods from a “strong sell” rating to a “hold” rating in a report on Friday, December 26th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Simply Good Foods has an average rating of “Hold” and an average price target of $29.67.

Simply Good Foods Trading Up 0.8%

The stock has a market cap of $1.96 billion, a PE ratio of 23.50, a PEG ratio of 2.73 and a beta of 0.27. The company has a current ratio of 5.01, a quick ratio of 3.24 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $19.66 and a two-hundred day simple moving average of $24.84.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Thursday, January 8th. The financial services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. Simply Good Foods had a net margin of 6.26% and a return on equity of 9.56%. The company had revenue of $340.20 million for the quarter, compared to analysts’ expectations of $337.64 million. During the same period in the prior year, the business earned $0.49 earnings per share. Simply Good Foods’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, equities analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Michael L. Clawson acquired 5,000 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $100,000.00. Following the acquisition, the insider owned 37,620 shares of the company’s stock, valued at $752,400. This trade represents a 15.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Christopher J. Bealer acquired 9,946 shares of Simply Good Foods stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $20.01 per share, for a total transaction of $199,019.46. Following the completion of the transaction, the chief financial officer directly owned 32,966 shares in the company, valued at approximately $659,649.66. The trade was a 43.21% increase in their position. The SEC filing for this purchase provides additional information. 8.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Simply Good Foods

Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Simply Good Foods by 8.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,288,680 shares of the financial services provider’s stock worth $106,443,000 after purchasing an additional 346,395 shares during the period. State Street Corp grew its holdings 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 worth $115,169,000 after purchasing an additional 14,089 shares during the last quarter. Boston Trust Walden Corp increased its stake in shares of Simply Good Foods by 16.0% in the third quarter. Boston Trust Walden Corp now owns 3,520,960 shares of the financial services provider’s stock worth $87,390,000 after buying an additional 486,837 shares during the period. Geode Capital Management LLC raised its holdings in Simply Good Foods by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 2,310,861 shares of the financial services provider’s stock valued at $73,008,000 after buying an additional 55,727 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in Simply Good Foods by 7.0% during the 3rd quarter. William Blair Investment Management LLC now owns 1,654,737 shares of the financial services provider’s stock valued at $41,071,000 after buying an additional 108,638 shares during the period. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

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.