The Simply Good Foods (NASDAQ:SMPL) Announces Earnings Results


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The Simply Good Foods (NASDAQ:SMPL) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.08, MarketWatch Earnings reports. The business had revenue of $231.20 million for the quarter, compared to analysts’ expectations of $209.65 million. The Simply Good Foods had a net margin of 3.87% and a return on equity of 6.03%. The business’s quarterly revenue was up 51.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share.

Shares of SMPL traded down $0.33 on Thursday, reaching $29.73. The company’s stock had a trading volume of 21,098 shares, compared to its average volume of 1,314,143. The company has a current ratio of 3.20, a quick ratio of 2.24 and a debt-to-equity ratio of 0.51. The Simply Good Foods has a twelve month low of $14.08 and a twelve month high of $32.03. The stock has a market capitalization of $2.85 billion, a PE ratio of 101.60 and a beta of 0.78. The firm has a fifty day moving average of $25.80 and a 200-day moving average of $23.14.

In other The Simply Good Foods news, Director Robert G. Montgomery bought 2,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average price of $18.98 per share, for a total transaction of $37,960.00. Following the acquisition, the director now directly owns 54,766 shares of the company’s stock, valued at approximately $1,039,458.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company’s stock.

A number of analysts have commented on SMPL shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price target on shares of The Simply Good Foods from $29.00 to $35.00 in a research report on Thursday. Stifel Nicolaus cut shares of The Simply Good Foods from a “buy” rating to a “hold” rating and increased their price objective for the stock from $26.00 to $30.00 in a research report on Thursday. The Goldman Sachs Group increased their price objective on shares of The Simply Good Foods from $29.00 to $34.00 and gave the stock a “conviction-buy” rating in a research report on Thursday, December 24th. Jefferies Financial Group began coverage on shares of The Simply Good Foods in a research report on Thursday. They set a “buy” rating and a $36.00 price objective on the stock. Finally, Morgan Stanley increased their price objective on shares of The Simply Good Foods from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The Simply Good Foods has a consensus rating of “Buy” and an average target price of $31.00.

The Simply Good Foods Company Profile

The Simply Good Foods Company operates as a consumer packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers primarily nutrition bars, ready-to-drink (RTD) shakes, sweet and salty snacks, protein bars, cookies, pizza, protein chips, recipes, and confectionery products, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names.

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Earnings History for The Simply Good Foods (NASDAQ:SMPL)

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