The Simply Good Foods (NASDAQ:SMPL) released its quarterly earnings data on Tuesday. The financial services provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.08, MarketWatch Earnings reports. The business had revenue of $231.20 million for the quarter, compared to analyst estimates of $209.65 million. The Simply Good Foods had a return on equity of 6.03% and a net margin of 3.87%. The company’s revenue was up 51.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS.
Shares of NASDAQ:SMPL traded down $0.06 on Thursday, hitting $30.00. The company’s stock had a trading volume of 7,774 shares, compared to its average volume of 1,314,143. The Simply Good Foods has a 12 month low of $14.08 and a 12 month high of $32.03. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 101.60 and a beta of 0.78. The stock’s 50-day moving average is $25.80 and its two-hundred day moving average is $23.14. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.24 and a current ratio of 3.20.
In other The Simply Good Foods news, Director Robert G. Montgomery purchased 2,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was bought at an average price of $18.98 per share, with a total value of $37,960.00. Following the completion of the purchase, the director now owns 54,766 shares in the company, valued at approximately $1,039,458.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 3.00% of the company’s stock.
Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on The Simply Good Foods from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday. Smith Barney Citigroup upped their target price on The Simply Good Foods from $29.00 to $35.00 in a research report on Thursday. Morgan Stanley upped their target price on The Simply Good Foods from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, December 2nd. The Goldman Sachs Group upped their price objective on The Simply Good Foods from $29.00 to $34.00 and gave the stock a “conviction-buy” rating in a research note on Thursday, December 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on The Simply Good Foods from $27.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $31.00.
About The Simply Good Foods
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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