Simply Good Foods Co (NASDAQ:SMPL) COO Sells $48,772.50 in Stock

Simply Good Foods Co (NASDAQ:SMPL) COO Hanno E. Holm sold 1,750 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $27.87, for a total transaction of $48,772.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Simply Good Foods stock opened at $26.89 on Friday. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 46.36 and a beta of 0.84. The company has a quick ratio of 7.57, a current ratio of 8.63 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $24.02. Simply Good Foods Co has a 52 week low of $16.40 and a 52 week high of $27.99.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Tuesday, July 2nd. The financial services provider reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The firm had revenue of $139.50 million during the quarter, compared to analyst estimates of $120.85 million. Simply Good Foods had a net margin of 10.79% and a return on equity of 6.81%. Simply Good Foods’s revenue was up 30.1% on a year-over-year basis. During the same period last year, the firm posted $0.10 EPS. As a group, analysts anticipate that Simply Good Foods Co will post 0.69 EPS for the current year.

Several research firms have commented on SMPL. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. SunTrust Banks reissued a “hold” rating and set a $25.00 price target on shares of Simply Good Foods in a research report on Wednesday, July 3rd. ValuEngine raised shares of Xylem from a “hold” rating to a “buy” rating in a research report on Friday, June 21st. Deutsche Bank raised shares of Elis from a “hold” rating to a “buy” rating in a research report on Thursday, July 4th. Finally, DA Davidson began coverage on shares of Nomad Foods in a research report on Wednesday, June 19th. They set a “buy” rating and a $26.00 price target for the company. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Simply Good Foods has a consensus rating of “Buy” and a consensus price target of $27.00.

Institutional investors have recently made changes to their positions in the stock. Northern Trust Corp raised its position in shares of Simply Good Foods by 9.0% in the 4th quarter. Northern Trust Corp now owns 774,922 shares of the financial services provider’s stock valued at $14,646,000 after purchasing an additional 63,823 shares during the last quarter. BlackRock Inc. raised its position in shares of Simply Good Foods by 9.3% in the 4th quarter. BlackRock Inc. now owns 4,310,881 shares of the financial services provider’s stock valued at $81,477,000 after purchasing an additional 366,590 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Simply Good Foods by 54.3% in the 4th quarter. New York State Common Retirement Fund now owns 193,093 shares of the financial services provider’s stock valued at $3,649,000 after purchasing an additional 67,989 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Simply Good Foods by 11.3% in the 4th quarter. Bank of New York Mellon Corp now owns 497,105 shares of the financial services provider’s stock valued at $9,394,000 after purchasing an additional 50,599 shares during the last quarter. Finally, Suntrust Banks Inc. purchased a new position in shares of Simply Good Foods in the 4th quarter valued at approximately $330,000. 85.50% of the stock is owned by hedge funds and other institutional investors.

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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