Timothy Richard Kraft, the Chief Legal and Corporate Affairs Officer at Simply Good Foods Co (NASDAQ:SMPL), recently sold a significant portion of his holdings in the company. According to a recent filing, Kraft sold 76,761 shares of Simply Good Foods' common stock on November 18, 2024, at a weighted average price of $37.6002 per share, totaling approximately $2.89 million.
In addition to the sale, Kraft exercised options to acquire shares at lower prices. He acquired 49,854 shares at $16.75 each and 26,907 shares at $19.89 each, resulting in a total acquisition value of approximately $1.37 million. Following these transactions, Kraft now holds 40,068 shares directly.
In other recent news, The Simply Good Foods Company (NASDAQ:SMPL) reported a 17.2% rise in net sales for the fourth quarter, largely due to the acquisition of OWYN. Quest net sales in North America increased by 5%, while Atkins saw a 5% decline. The quarter's adjusted EBITDA grew by 15% to $77.5 million. For the fiscal year 2025, the company projects a net sales growth of 4% to 6%, with adjusted EBITDA growth slightly exceeding sales growth. Jefferies and TD Cowen maintained a Hold rating on Simply Good Foods, acknowledging the company's ambitious plans but noting the risks involved. Stephens reaffirmed its Overweight rating, suggesting future growth potential despite challenges with the Atkins brand. The company's recent developments also include the repositioning of Atkins to align with consumer preferences for sustainability and relevancy. Despite some challenges, Simply Good Foods remains optimistic about its ability to leverage consumer trends favoring convenience, protein-rich, low-calorie, and low-sugar products.
InvestingPro Insights
As Timothy Richard Kraft's recent stock transactions draw attention, it's worth examining Simply Good Foods Co's (NASDAQ:SMPL) current financial position and market performance. According to InvestingPro data, the company boasts a market capitalization of $3.92 billion, reflecting its significant presence in the consumer goods sector.
SMPL's recent financial performance has been noteworthy, with revenue growth of 17.25% in the most recent quarter. This robust growth is complemented by a healthy gross profit margin of 38.67% over the last twelve months, indicating strong pricing power and efficient cost management.
InvestingPro Tips highlight that SMPL has shown a strong return over the last month and three months, aligning with Kraft's decision to sell shares at the current price levels. The stock's recent performance may have presented an attractive opportunity for insiders to realize gains.
Another relevant InvestingPro Tip notes that SMPL operates with a moderate level of debt, which could provide financial flexibility for future growth initiatives. This financial prudence may be reassuring to investors considering the company's long-term prospects.
For investors seeking a more comprehensive analysis, InvestingPro offers 8 additional tips for Simply Good Foods Co, providing deeper insights into the company's financial health and market position.
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