The Simply Good Foods (NASDAQ:SMPL) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02, MarketWatch Earnings reports. The firm had revenue of $230.60 million for the quarter, compared to analyst estimates of $230.03 million. The Simply Good Foods had a net margin of 6.92% and a return on equity of 7.36%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share.
Shares of NASDAQ SMPL opened at $31.48 on Thursday. The stock has a market cap of $3.01 billion, a PE ratio of 49.97 and a beta of 0.98. The business has a fifty day moving average of $30.60 and a two-hundred day moving average of $26.39. The Simply Good Foods has a 52-week low of $15.65 and a 52-week high of $35.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.69 and a current ratio of 3.70.
Several equities analysts have commented on SMPL shares. Zacks Investment Research downgraded The Simply Good Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on The Simply Good Foods from $29.00 to $35.00 in a report on Thursday, January 7th. Credit Suisse Group started coverage on The Simply Good Foods in a report on Tuesday. They set a “neutral” rating and a $31.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their price target on The Simply Good Foods from $27.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, January 7th. Finally, Smith Barney Citigroup raised their price objective on shares of The Simply Good Foods from $29.00 to $35.00 in a research note on Thursday, January 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The Simply Good Foods currently has a consensus rating of “Buy” and a consensus target price of $31.71.
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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