Simply Good Foods Co (NASDAQ:SMPL) COO Hanno E. Holm sold 1,750 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $27.87, for a total value of $48,772.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
SMPL stock opened at $26.89 on Friday. The stock’s 50 day simple moving average is $24.02. The stock has a market capitalization of $2.19 billion, a PE ratio of 46.36 and a beta of 0.84. Simply Good Foods Co has a fifty-two week low of $16.40 and a fifty-two week high of $27.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 7.57 and a current ratio of 8.63.
Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Tuesday, July 2nd. The financial services provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $139.50 million during the quarter, compared to analysts’ expectations of $120.85 million. Simply Good Foods had a return on equity of 6.81% and a net margin of 10.79%. The firm’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. Research analysts predict that Simply Good Foods Co will post 0.69 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC purchased a new stake in Simply Good Foods in the first quarter valued at approximately $30,000. Lavaca Capital LLC purchased a new stake in Simply Good Foods in the first quarter valued at approximately $88,000. NumerixS Investment Technologies Inc purchased a new stake in Simply Good Foods in the first quarter valued at approximately $92,000. Diversified Trust Co purchased a new stake in Simply Good Foods in the first quarter valued at approximately $203,000. Finally, Legal & General Group Plc lifted its stake in Simply Good Foods by 10.6% in the fourth quarter. Legal & General Group Plc now owns 10,953 shares of the financial services provider’s stock valued at $207,000 after buying an additional 1,046 shares during the last quarter. Institutional investors own 85.50% of the company’s stock.
SMPL has been the subject of a number of analyst reports. DA Davidson began coverage on Nomad Foods in a research report on Wednesday, June 19th. They set a “buy” rating and a $26.00 price objective for the company. SunTrust Banks restated a “hold” rating and set a $25.00 target price on shares of Simply Good Foods in a research note on Wednesday, July 3rd. ValuEngine upgraded Xylem from a “hold” rating to a “buy” rating in a research note on Friday, June 21st. Deutsche Bank upgraded Elis from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. Finally, Buckingham Research set a $34.00 target price on Greenbrier Companies and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $27.00.
About Simply Good Foods
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
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