The Simply Good Foods (NASDAQ:SMPL) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.08, MarketWatch Earnings reports. The firm had revenue of $231.20 million for the quarter, compared to analysts’ expectations of $209.65 million. The Simply Good Foods had a return on equity of 6.03% and a net margin of 3.87%. The business’s quarterly revenue was up 51.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS.
SMPL stock traded down $0.05 during trading on Thursday, hitting $30.01. 7,535 shares of the company’s stock traded hands, compared to its average volume of 1,314,143. The Simply Good Foods has a 52 week low of $14.08 and a 52 week high of $32.03. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 101.60 and a beta of 0.78. The company has a quick ratio of 2.24, a current ratio of 3.20 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average price of $25.80 and a two-hundred day moving average price of $23.14.
In related news, Director Robert G. Montgomery acquired 2,000 shares of The Simply Good Foods stock in a transaction that occurred on Monday, November 2nd. The stock was acquired at an average price of $18.98 per share, with a total value of $37,960.00. Following the completion of 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 filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.
Several equities analysts have recently weighed in on SMPL shares. Smith Barney Citigroup boosted their target price on The Simply Good Foods from $29.00 to $35.00 in a research report on Thursday. Wells Fargo & Company lifted their price objective on shares of The Simply Good Foods from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday. Morgan Stanley boosted their target price on shares of The Simply Good Foods from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, December 2nd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price objective on shares of The Simply Good Foods from $29.00 to $35.00 in a research report on Thursday. Finally, Jefferies Financial Group initiated coverage on shares of The Simply Good Foods in a report on Thursday. They set a “buy” rating and a $36.00 target price for the company. 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 given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target 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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