Simply Good Foods Co (NASDAQ: SMPL) is -17.27% lower on its value in year-to-date trading and has touched a low of $30.00 and a high of $43.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SMPL stock was last observed hovering at around $32.96 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $32.76, the stock is -1.44% and -6.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -0.61% at the moment leaves the stock -10.39% off its SMA200. SMPL registered -6.91% loss for a year compared to 6-month gain of -8.16%.
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The stock witnessed a -8.72% loss in the last 1 month and extending the period to 3 months gives it a -12.71%, and is 1.74% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.50% over the week and 2.71% over the month.
Simply Good Foods Co (SMPL) has around 271 employees, a market worth around $3.28B and $1.28B in sales. Current P/E ratio is 22.59 and Fwd P/E is 16.87. Profit margin for the company is 11.49%. Distance from 52-week low is 9.20% and -23.81% from its 52-week high. The company has generated returns on investments over the last 12 months (7.47%).
with sales reaching $374.14M over the same period.The EPS is expected to grow by 11.87% this year, but quarterly earnings will post 7.00% year-over-year. Quarterly sales are estimated to grow 16.80% in year-over-year returns.
Simply Good Foods Co (SMPL) Top Institutional Holders
372.0 institutions hold shares in Simply Good Foods Co (SMPL), with institutional investors hold 99.14% of the company’s shares. The shares outstanding are 99.56M, and float is at 90.52M with Short Float at 3.84%. Institutions hold 90.73% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 14.37 million shares valued at $$489.11 million. The investor’s holdings represent 14.4264 of the SMPL Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 11.1 million shares valued at $$377.71 million to account for 11.1407 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 5.9 million shares representing 5.9198 and valued at over $$200.7 million, while CHAMPLAIN INVESTMENT PARTNERS, LLC holds 3.9542 of the shares totaling 3.94 million with a market value of $$134.06 million.
Simply Good Foods Co (SMPL) Insider Activity
The most recent transaction is an insider sale by Heflin Stuart E. Jr.,the company’sSVP & General Manager, Quest. SEC filings show that Heflin Stuart E. Jr. sold 1,058 shares of the company’s common stock on Jul 31 ’24 at a price of $34.44 per share for a total of $36438.0. Following the sale, the insider now owns 19319.0 shares.
Still, SEC filings show that on May 10 ’24, WHITE JAMES D (Director) disposed off 4,000 shares at an average price of $38.17 for $0.15 million. The insider now directly holds 17,027 shares of Simply Good Foods Co (SMPL).
