Simply Good Foods Co (NASDAQ: SMPL) is -13.89% 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 $33.78 in the last trading session, with the day’s gains setting it 0.32%.
Currently trading at $34.10, the stock is 0.56% and 2.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.6 million and changing 0.95% at the moment leaves the stock -4.38% off its SMA200. SMPL registered 2.65% gain for a year compared to 6-month gain of 4.19%. The firm has a 50-day simple moving average (SMA 50) of $33.2126 and a 200-day simple moving average (SMA200) of $35.6336.
The stock witnessed a 4.12% loss in the last 1 month and extending the period to 3 months gives it a -5.85%, and is -0.47% down 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 2.40% over the week and 2.53% over the month.
Simply Good Foods Co (SMPL) has around 271 employees, a market worth around $3.41B and $1.28B in sales. Current P/E ratio is 23.52 and Fwd P/E is 17.53. Profit margin for the company is 11.49%. Distance from 52-week low is 13.67% and -20.70% from its 52-week high. The company has generated returns on investments over the last 12 months (7.47%).
The EPS is expected to grow by 12.03% this year
372.0 institutions hold shares in Simply Good Foods Co (SMPL), with institutional investors hold 99.40% of the company’s shares. The shares outstanding are 99.56M, and float is at 90.53M with Short Float at 4.68%. Institutions hold 91.02% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 13.82 million shares valued at $499.34 million. The investor’s holdings represent 13.8172 of the SMPL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.28 million shares valued at $407.41 million to account for 11.2734 of the shares outstanding. The other top investors are FMR LLC which holds 4.27 million shares representing 4.2727 and valued at over $154.41 million, while CAPITAL WORLD INVESTORS holds 4.2673 of the shares totaling 4.27 million with a market value of $154.22 million.
Simply Good Foods Co (SMPL) Insider Activity
The most recent transaction is an insider sale by Heflin Stuart E. Jr., the company’s SVP & 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).
