Timothy Richard Kraft, Chief Authorized Officer and Secretary of Merely Good Meals Co (NASDAQ:SMPL), reported a major inventory sale in line with a latest SEC submitting. On November 11, Kraft bought 21,209 shares of frequent inventory, amounting to roughly $774,183, with a weighted common value of $36.5026 per share.
Along with the sale, Kraft additionally reported buying 10,916 shares of frequent inventory on November 8, by way of time-based and performance-based restricted inventory models, with no money exchanged for these acquisitions. Moreover, 1,167 shares have been withheld by the corporate to cowl tax obligations upon the vesting of restricted inventory models, valued at roughly $42,280.
Following these transactions, Kraft holds 40,068 shares straight.
In different latest information, The Merely Good Meals Firm (NASDAQ:) reported a 17.2% rise in web gross sales for the fourth quarter, largely because of the acquisition of OWYN. The corporate’s North America Quest web gross sales elevated by 5%, whereas Atkins noticed a 5% decline. Adjusted EBITDA for the quarter grew by 15% to $77.5 million. For the fiscal yr 2025, the corporate tasks a web gross sales progress of 4% to six%, with adjusted EBITDA progress barely exceeding gross sales progress. Jefferies maintained its Maintain ranking on Merely Good Meals, acknowledging the corporate’s formidable plans for the fiscal yr 2025 however noting the dangers concerned. Equally, TD Cowen maintained a Maintain ranking, whereas Stephens reaffirmed its Obese ranking on the corporate. Regardless of challenges with the Atkins model, Merely Good Meals stays optimistic about its potential to leverage shopper developments favoring comfort, protein-rich, low-calorie, and low-sugar merchandise.
InvestingPro Insights
To supply further context to Timothy Richard Kraft’s latest inventory transactions, let’s study some key monetary metrics and insights for Merely Good Meals Co (NASDAQ:SMPL).
In line with InvestingPro information, Merely Good Meals has a market capitalization of $3.68 billion, positioning it as a mid-cap firm within the shopper items sector. The corporate’s P/E ratio stands at 26.39, which is comparatively excessive in comparison with its near-term earnings progress, as famous in one of many InvestingPro Suggestions.
Regardless of the excessive valuation, Merely Good Meals has demonstrated stable monetary efficiency. The corporate’s income for the final twelve months as of This fall 2024 was $1.33 billion, with a notable income progress of seven.13% over the identical interval. Extra impressively, the quarterly income progress for This fall 2024 was 17.25%, indicating accelerating gross sales momentum.
Profitability metrics are additionally sturdy, with a gross revenue margin of 38.67% and an working earnings margin of 16.94% for the final twelve months. This aligns with an InvestingPro Tip stating that the corporate has been worthwhile during the last twelve months and is predicted to stay worthwhile this yr, in line with analyst predictions.
One other InvestingPro Tip highlights that Merely Good Meals operates with a reasonable stage of debt, which is a constructive issue for monetary stability. That is notably related on condition that the corporate’s liquid property exceed its short-term obligations, offering a cushion for operational flexibility and potential progress initiatives.
It is price noting that whereas the corporate has proven sturdy efficiency, it doesn’t pay a dividend to shareholders, as identified by one of many InvestingPro Suggestions. This implies that Merely Good Meals could also be reinvesting its earnings into the enterprise for future progress somewhat than distributing them to shareholders.
For traders searching for extra complete evaluation, InvestingPro presents further ideas and insights past these talked about right here. In truth, there are 5 extra InvestingPro Suggestions accessible for Merely Good Meals, which may present helpful data for these contemplating an funding within the firm.
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