Simply Good Foods (NASDAQ:SMPL – Get Free Report) posted its quarterly earnings results on Thursday. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02, Briefing.com reports. Simply Good Foods had a return on equity of 10.28% and a net margin of 11.49%. The business had revenue of $334.80 million for the quarter, compared to analyst estimates of $337.66 million. During the same period last year, the company earned $0.40 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. Simply Good Foods updated its FY 2024 guidance to EPS.
Simply Good Foods Stock Performance
Shares of NASDAQ:SMPL traded up $0.44 during trading on Friday, reaching $36.13. 1,687,447 shares of the stock were exchanged, compared to its average volume of 695,687. Simply Good Foods has a 12 month low of $30.00 and a 12 month high of $43.00. The firm has a market cap of $3.61 billion, a PE ratio of 24.92, a PEG ratio of 2.12 and a beta of 0.65. The stock has a 50-day moving average price of $36.71 and a 200-day moving average price of $36.61. The company has a current ratio of 5.19, a quick ratio of 3.09 and a debt-to-equity ratio of 0.14.
Insider Transactions at Simply Good Foods
In other news, Director James D. White sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $38.17, for a total transaction of $152,680.00. Following the completion of the sale, the director now owns 17,027 shares in the company, valued at $649,920.59. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 10.98% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Research Report on Simply Good Foods
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 protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, protein chips, and recipes under the Atkins and Quest brand names.
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