$229.41 Million in Sales Expected for The Simply Good Foods Company (NASDAQ:SMPL) This Quarter


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Analysts expect The Simply Good Foods Company (NASDAQ:SMPL) to post sales of $229.41 million for the current quarter, according to Zacks. Five analysts have made estimates for The Simply Good Foods’ earnings, with the lowest sales estimate coming in at $226.00 million and the highest estimate coming in at $234.14 million. The Simply Good Foods reported sales of $227.10 million during the same quarter last year, which would suggest a positive year over year growth rate of 1%. The company is scheduled to announce its next earnings results on Monday, April 5th.

On average, analysts expect that The Simply Good Foods will report full-year sales of $919.04 million for the current year, with estimates ranging from $905.00 million to $926.72 million. For the next year, analysts forecast that the company will report sales of $980.43 million, with estimates ranging from $950.00 million to $991.45 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for The Simply Good Foods.

The Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Tuesday, January 5th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.08. The Simply Good Foods had a return on equity of 7.36% and a net margin of 6.92%. The business had revenue of $231.20 million during the quarter, compared to the consensus estimate of $209.65 million. During the same period in the prior year, the business posted $0.22 EPS. The company’s revenue for the quarter was up 51.9% on a year-over-year basis.

Several analysts have recently commented on the stock. Zacks Investment Research lowered shares of The Simply Good Foods from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 3rd. Smith Barney Citigroup increased their target price on The Simply Good Foods from $29.00 to $35.00 in a report on Thursday, January 7th. DA Davidson downgraded The Simply Good Foods from a “buy” rating to a “neutral” rating and raised their price target for the stock from $25.00 to $33.00 in a research report on Wednesday, February 3rd. The Goldman Sachs Group upped their price objective on The Simply Good Foods from $29.00 to $34.00 and gave the company a “conviction-buy” rating in a research report on Thursday, December 24th. Finally, Jefferies Financial Group began coverage on The Simply Good Foods in a research note on Thursday, January 7th. They set a “buy” rating and a $36.00 price objective on the stock. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $31.77.

A number of institutional investors have recently added to or reduced their stakes in SMPL. BlackRock Inc. grew its position in The Simply Good Foods by 103.3% in the fourth quarter. BlackRock Inc. now owns 14,392,128 shares of the financial services provider’s stock valued at $451,336,000 after acquiring an additional 7,311,416 shares in the last quarter. Champlain Investment Partners LLC lifted its position in shares of The Simply Good Foods by 0.9% during the third quarter. Champlain Investment Partners LLC now owns 4,481,165 shares of the financial services provider’s stock worth $98,810,000 after purchasing an additional 40,650 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of The Simply Good Foods by 68.3% during the fourth quarter. Brown Advisory Inc. now owns 1,966,372 shares of the financial services provider’s stock worth $61,665,000 after purchasing an additional 798,344 shares during the last quarter. Scopus Asset Management L.P. grew its stake in The Simply Good Foods by 180.8% in the third quarter. Scopus Asset Management L.P. now owns 1,825,000 shares of the financial services provider’s stock worth $40,241,000 after purchasing an additional 1,175,000 shares in the last quarter. Finally, Morgan Stanley increased its holdings in The Simply Good Foods by 138.2% in the fourth quarter. Morgan Stanley now owns 1,118,425 shares of the financial services provider’s stock valued at $35,073,000 after buying an additional 648,878 shares during the last quarter. 88.87% of the stock is currently owned by hedge funds and other institutional investors.

SMPL traded up $0.15 during midday trading on Thursday, reaching $28.49. 32,252 shares of the company’s stock were exchanged, compared to its average volume of 630,770. The Simply Good Foods has a 1-year low of $14.08 and a 1-year high of $32.03. The stock has a market capitalization of $2.73 billion, a PE ratio of 44.98 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.70 and a quick ratio of 2.69. The business’s 50-day moving average price is $28.87 and its 200 day moving average price is $24.89.

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 and Estimates for The Simply Good Foods (NASDAQ:SMPL)

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