Simply Good Foods (NASDAQ:SMPL) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.86-0.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.77. The company issued revenue guidance of $790-800 million, compared to the consensus revenue estimate of $810.63 million.Simply Good Foods also updated its FY 2020
Pre-Market guidance to 0.86-0.90 EPS.
Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Simply Good Foods from a strong sell rating to a hold rating in a report on Tuesday. William Blair assumed coverage on shares of Simply Good Foods in a report on Wednesday, June 24th. They set an outperform rating on the stock. Deutsche Bank dropped their target price on shares of Simply Good Foods from $30.00 to $24.00 in a report on Tuesday, April 7th. DA Davidson dropped their target price on shares of Simply Good Foods from $26.00 to $24.00 and set a buy rating on the stock in a report on Tuesday, June 23rd. Finally, Citigroup raised their target price on shares of Simply Good Foods from $22.00 to $26.00 and gave the stock a buy rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $27.71.
Shares of Simply Good Foods stock opened at $22.18 on Thursday. The business has a fifty day simple moving average of $17.77 and a two-hundred day simple moving average of $20.41. Simply Good Foods has a 1 year low of $14.08 and a 1 year high of $31.34. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 76.49 and a beta of 0.61. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.17 and a quick ratio of 2.10.
Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Wednesday, July 8th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.11. Simply Good Foods had a return on equity of 5.90% and a net margin of 3.86%. The business had revenue of $215.10 million during the quarter, compared to the consensus estimate of $208.10 million. During the same quarter last year, the firm posted $0.16 EPS. The company’s quarterly revenue was up 54.2% on a year-over-year basis. As a group, equities analysts anticipate that Simply Good Foods will post 0.8 earnings per share for the current fiscal year.
In other news, Director Brian K. Ratzan bought 15,000 shares of the company’s stock in a transaction dated Monday, April 13th. The stock was bought at an average price of $16.00 per share, with a total value of $240,000.00. Following the completion of the acquisition, the director now owns 81,254 shares of the company’s stock, valued at $1,300,064. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James M. Kilts bought 32,507 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were purchased at an average cost of $16.57 per share, with a total value of $538,640.99. Following the acquisition, the director now directly owns 840,899 shares of the company’s stock, valued at approximately $13,933,696.43. The disclosure for this purchase can be found here. Insiders have acquired a total of 138,149 shares of company stock valued at $2,384,222 in the last ninety days. Insiders own 3.00% of the company’s stock.
About Simply Good Foods
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
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