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Simply Good Foods (SMPL) has 1 split in our SMPL split history database. The split for SMPL took place on November 19, 2010. This was a 7194 for 10000 reverse split, meaning for each 10000 shares of SMPL owned pre-split, the shareholder now owned 7194 shares. For example, a 1000 share position pre-split, became a 719.4 share position following the split.
When a company such as Simply Good Foods conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the SMPL split history from start to finish, an original position size of 1000 shares would have turned into 719.4 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Simply Good Foods shares, starting with a $10,000 purchase of SMPL, presented on a split-history-adjusted basis factoring in the complete SMPL split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||18.42%|
|About Simply Good Foods|
|Simply Good Foods is a consumer packaged food and beverage company that provides various snacks and meal replacements. The product portfolio Co. develops, markets and sells consists of protein bars, ready-to-drink shakes, sweet and salty snacks and confectionery products marketed under the Atkins®, Atkins Endulge®, Quest® and Quest Hero brand names. Co.'s nutritious snacking platform consists of brands that focus on providing products for consumers that follow certain nutritional philosophies and health-and-wellness trends: Atkins for those following a low-carb lifestyle and Quest for consumers seeking a variety of protein-rich foods and beverages that also limit sugars and simple carbs. According to our SMPL split history records, Simply Good Foods has had 1 split.|
|SMPL Split History Table|
|11/19/2010||7194 for 10000|
|Consumer Stock Splits|
|SMPL is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: SMPL shares outstanding history