Wall Street analysts predict that Simply Good Foods Co (NASDAQ:SMPL) will post $101.14 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Simply Good Foods’ earnings. The lowest sales estimate is $100.80 million and the highest is $101.33 million. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Simply Good Foods will report full year sales of $418.24 million for the current year, with estimates ranging from $416.80 million to $419.70 million. For the next financial year, analysts expect that the business will post sales of $437.89 million per share, with estimates ranging from $434.18 million to $440.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Simply Good Foods.
Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Tuesday, April 10th. The financial services provider reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.04). Simply Good Foods had a return on equity of 2.72% and a net margin of 9.60%. The business had revenue of $109.35 million during the quarter, compared to analyst estimates of $108.74 million.
Several brokerages recently weighed in on SMPL. Zacks Investment Research upgraded shares of Simply Good Foods from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Friday, January 26th. Stifel Nicolaus began coverage on shares of Simply Good Foods in a report on Monday, January 22nd. They issued a “buy” rating and a $16.00 price target on the stock. Finally, SunTrust Banks began coverage on shares of Simply Good Foods in a report on Thursday, February 1st. They issued a “buy” rating and a $17.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $15.83.
NASDAQ:SMPL traded up $0.06 during midday trading on Monday, hitting $12.85. The company’s stock had a trading volume of 241,912 shares, compared to its average volume of 349,779. Simply Good Foods has a fifty-two week low of $10.93 and a fifty-two week high of $16.01. The company has a current ratio of 4.84, a quick ratio of 4.07 and a debt-to-equity ratio of 0.29.
In other news, CFO Todd E. Cunfer acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, April 18th. The shares were acquired at an average price of $13.19 per share, with a total value of $131,900.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert G. Montgomery acquired 5,000 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average cost of $12.40 per share, for a total transaction of $62,000.00. The disclosure for this purchase can be found here. 4.62% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of SMPL. Cubist Systematic Strategies LLC acquired a new stake in shares of Simply Good Foods during the 3rd quarter worth approximately $142,000. Monashee Investment Management LLC acquired a new stake in shares of Simply Good Foods during the 4th quarter worth approximately $172,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Simply Good Foods during the 4th quarter worth approximately $186,000. Teton Advisors Inc. acquired a new stake in shares of Simply Good Foods during the 4th quarter worth approximately $228,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Simply Good Foods during the 4th quarter worth approximately $260,000. 74.24% of the stock is currently owned by institutional investors and hedge funds.
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Simply Good Foods Company Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.
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