The Simply Good Foods (NASDAQ:SMPL) posted its earnings results on Tuesday. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.08, MarketWatch Earnings reports. The Simply Good Foods had a net margin of 3.87% and a return on equity of 6.03%. The business had revenue of $231.20 million for the quarter, compared to analyst estimates of $209.65 million. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue for the quarter was up 51.9% on a year-over-year basis.
SMPL stock traded down $0.32 during mid-day trading on Thursday, reaching $29.74. The company’s stock had a trading volume of 8,717 shares, compared to its average volume of 1,314,143. The stock has a market cap of $2.85 billion, a PE ratio of 101.60 and a beta of 0.78. 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 Simply Good Foods has a fifty-two week low of $14.08 and a fifty-two week high of $32.03. The company’s 50 day moving average is $25.80 and its two-hundred day moving average is $23.14.
In other The Simply Good Foods news, Director Robert G. Montgomery acquired 2,000 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was bought at an average price of $18.98 per share, for a total transaction of $37,960.00. Following the acquisition, the director now owns 54,766 shares in the company, valued at $1,039,458.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.
Several research firms have recently issued reports on SMPL. Deutsche Bank Aktiengesellschaft increased their target price on shares of The Simply Good Foods from $27.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group began coverage on shares of The Simply Good Foods in a research note on Thursday. They set a “buy” rating and a $36.00 target price on the stock. Stifel Nicolaus lowered shares of The Simply Good Foods from a “buy” rating to a “hold” rating and increased their target price for the stock from $26.00 to $30.00 in a research note on Thursday. Smith Barney Citigroup increased their target price on shares of The Simply Good Foods from $29.00 to $35.00 in a research note on Thursday. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on shares of The Simply Good Foods from $29.00 to $35.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently 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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