Equities analysts expect Simply Good Foods Co (NASDAQ:SMPL) to report $108.74 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Simply Good Foods’ earnings. The lowest sales estimate is $107.11 million and the highest is $109.60 million. The company is expected to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Simply Good Foods will report full-year sales of $108.74 million for the current year, with estimates ranging from $414.78 million to $420.00 million. For the next fiscal year, analysts anticipate that the company will report sales of $434.66 million per share, with estimates ranging from $430.59 million to $440.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Simply Good Foods.
Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Tuesday, January 9th. The financial services provider reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). The company had revenue of $106.59 million for the quarter, compared to analysts’ expectations of $105.70 million.
Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of Simply Good Foods from a “sell” rating to a “hold” rating in a report on Wednesday. SunTrust Banks assumed coverage on shares of Simply Good Foods in a report on Thursday, February 1st. They issued a “buy” rating and a $17.00 target price on the stock. Stifel Nicolaus assumed coverage on shares of Simply Good Foods in a report on Monday, January 22nd. They issued a “buy” rating and a $16.00 target price on the stock. Finally, Berenberg Bank assumed coverage on shares of Simply Good Foods in a report on Thursday, November 16th. They issued a “buy” rating and a $15.00 target price on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $16.00.
Shares of Simply Good Foods (NASDAQ:SMPL) traded up $0.28 during trading hours on Tuesday, reaching $13.59. 666,416 shares of the company traded hands, compared to its average volume of 363,981. Simply Good Foods has a 52-week low of $10.93 and a 52-week high of $16.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.31 and a current ratio of 4.20.
In other news, Director Robert G. Montgomery bought 5,000 shares of Simply Good Foods stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average price of $12.40 per share, with a total value of $62,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.62% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. Champlain Investment Partners LLC acquired a new stake in Simply Good Foods during the fourth quarter worth approximately $17,342,000. Davidson Kempner Capital Management LP purchased a new position in shares of Simply Good Foods during the third quarter worth approximately $8,483,000. Highbridge Capital Management LLC purchased a new position in shares of Simply Good Foods during the third quarter worth approximately $5,781,000. Goldman Sachs Group Inc. grew its position in shares of Simply Good Foods by 7.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,353,498 shares of the financial services provider’s stock worth $76,341,000 after acquiring an additional 378,292 shares during the last quarter. Finally, Impala Asset Management LLC purchased a new position in shares of Simply Good Foods during the third quarter worth approximately $3,356,000. 74.16% of the stock is currently owned by hedge funds and other institutional investors.
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Simply Good Foods Company Profile
The Simply Good Foods Company is a holding company. The Company through its subsidiaries, is engaged in developing, marketing and selling of branded nutritional foods and snacking products. The Company offers a range of products such as nutrition bars, ready to drink (RTD) shakes, snacks and confectionery products.
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