Simply Good Foods Co (NASDAQ:SMPL) Director James M. Kilts bought 70,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was bought at an average price of $24.62 per share, with a total value of $1,723,400.00. Following the completion of the acquisition, the director now owns 737,217 shares of the company’s stock, valued at approximately $18,150,282.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

SMPL stock traded up $0.31 during midday trading on Thursday, reaching $25.14. 1,285,800 shares of the company’s stock traded hands, compared to its average volume of 603,939. The company has a market capitalization of $2.31 billion, a P/E ratio of 44.89 and a beta of 0.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.45 and a quick ratio of 6.65. Simply Good Foods Co has a fifty-two week low of $16.55 and a fifty-two week high of $31.34. The business has a 50-day moving average price of $25.58 and a two-hundred day moving average price of $25.66.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.08). The business had revenue of $139.18 million for the quarter, compared to analyst estimates of $132.50 million. Simply Good Foods had a net margin of 9.08% and a return on equity of 5.79%. The company’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. As a group, research analysts forecast that Simply Good Foods Co will post 0.78 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Diversified Trust Co lifted its position in Simply Good Foods by 8.1% during the second quarter. Diversified Trust Co now owns 10,664 shares of the financial services provider’s stock valued at $257,000 after buying an additional 800 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Simply Good Foods by 6.6% during the second quarter. Envestnet Asset Management Inc. now owns 17,289 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 1,065 shares in the last quarter. Strs Ohio lifted its position in shares of Simply Good Foods by 7.4% during the second quarter. Strs Ohio now owns 17,400 shares of the financial services provider’s stock worth $418,000 after purchasing an additional 1,200 shares in the last quarter. C M Bidwell & Associates Ltd. lifted its position in shares of Simply Good Foods by 42.1% during the second quarter. C M Bidwell & Associates Ltd. now owns 5,675 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 1,680 shares in the last quarter. Finally, Congress Asset Management Co. MA lifted its position in shares of Simply Good Foods by 1.6% during the second quarter. Congress Asset Management Co. MA now owns 174,546 shares of the financial services provider’s stock worth $4,203,000 after purchasing an additional 2,696 shares in the last quarter. 73.82% of the stock is currently owned by hedge funds and other institutional investors.

SMPL has been the subject of a number of recent analyst reports. Wells Fargo & Co initiated coverage on shares of Simply Good Foods in a report on Monday, September 9th. They issued an “outperform” rating and a $35.00 target price for the company. Zacks Investment Research raised shares of Simply Good Foods from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Wednesday. Sanford C. Bernstein assumed coverage on shares of Simply Good Foods in a research report on Monday, August 12th. They set an “outperform” rating on the stock. DA Davidson lifted their price target on shares of Simply Good Foods to $33.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, ValuEngine cut shares of Simply Good Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $28.88.

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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