Simply Good Foods (SMPL) Issues Quarterly Earnings Results

Simply Good Foods (NASDAQ:SMPL) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04), MarketWatch Earnings reports. The business had revenue of $109.35 million for the quarter, compared to analyst estimates of $108.74 million.

SMPL opened at $12.95 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.31 and a current ratio of 4.20. Simply Good Foods has a twelve month low of $10.93 and a twelve month high of $16.01.

In other Simply Good Foods news, Director Robert G. Montgomery bought 5,000 shares of Simply Good Foods stock in a transaction dated Friday, February 9th. The stock was purchased at an average price of $12.40 per share, for a total transaction of $62,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.62% of the stock is owned by company insiders.

Several analysts have commented on SMPL shares. Zacks Investment Research lowered shares of Simply Good Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. Stifel Nicolaus started coverage on shares of Simply Good Foods in a research report on Monday, January 22nd. They issued a “buy” rating and a $16.00 price objective on the stock. Deutsche Bank reduced their target price on shares of Simply Good Foods from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, SunTrust Banks started coverage on shares of Simply Good Foods in a research note on Thursday, February 1st. They issued a “buy” rating and a $17.00 target price for the company. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $15.83.

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About Simply Good Foods

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.

Earnings History for Simply Good Foods (NASDAQ:SMPL)

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