The Simply Good Foods (NASDAQ:SMPL) issued its quarterly earnings results 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 company had revenue of $231.20 million during the quarter, compared to the consensus estimate of $209.65 million. The Simply Good Foods had a net margin of 3.87% and a return on equity of 6.03%. The Simply Good Foods’s revenue was up 51.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.22 EPS.
Shares of NASDAQ SMPL traded down $0.05 during midday trading on Thursday, hitting $30.01. The company’s stock had a trading volume of 7,535 shares, compared to its average volume of 1,314,143. The stock has a fifty day moving average price of $25.80 and a 200 day moving average price of $23.14. The Simply Good Foods has a one year low of $14.08 and a one year high of $32.03. The company has a current ratio of 3.20, a quick ratio of 2.24 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 101.60 and a beta of 0.78.
In other The Simply Good Foods news, Director Robert G. Montgomery purchased 2,000 shares of the stock in a transaction dated Monday, November 2nd. The shares were bought at an average price of $18.98 per share, with a total value of $37,960.00. Following the completion of the transaction, the director now directly owns 54,766 shares in the company, valued at approximately $1,039,458.68. The transaction 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 research firms recently issued reports on SMPL. 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. The Goldman Sachs Group upped their target price on shares of The Simply Good Foods from $29.00 to $34.00 and gave the company a “conviction-buy” rating in a research note on Thursday, December 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of The Simply Good Foods from $27.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley lifted their target price on 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. Finally, Smith Barney Citigroup raised their price target on The Simply Good Foods from $29.00 to $35.00 in a research report on Thursday. One 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 Simply Good Foods currently has a consensus rating of “Buy” and an average 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.
Recommended Story: What is net income?
Receive News & Ratings for The Simply Good Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Simply Good Foods and related companies with MarketBeat.com's FREE daily email newsletter.