Simply Good Foods Co (NASDAQ:SMPL) Expected to Post Earnings of $0.16 Per Share

Equities analysts expect that Simply Good Foods Co (NASDAQ:SMPL) will report earnings of $0.16 per share for the current quarter, Zacks reports. Four analysts have made estimates for Simply Good Foods’ earnings, with estimates ranging from $0.14 to $0.17. Simply Good Foods reported earnings of $0.15 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 6.7%. The firm is expected to report its next quarterly earnings report on Wednesday, October 23rd.

On average, analysts expect that Simply Good Foods will report full year earnings of $0.69 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.74. For the next fiscal year, analysts forecast that the business will post earnings of $0.73 per share, with EPS estimates ranging from $0.70 to $0.80. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover Simply Good Foods.

Several equities analysts have recently weighed in on SMPL shares. Wells Fargo & Co started coverage on shares of Simply Good Foods in a report on Monday, September 9th. They set an “outperform” rating and a $35.00 target price for the company. Buckingham Research lifted their target price on shares of Simply Good Foods from $25.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. ValuEngine lowered shares of Simply Good Foods from a “buy” rating to a “hold” rating in a report on Wednesday. Sanford C. Bernstein started coverage on shares of Simply Good Foods in a report on Monday, August 12th. They set an “outperform” rating for the company. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $25.00 target price on shares of Simply Good Foods in a report on Wednesday, July 3rd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $29.00.

In related news, COO Hanno E. Holm sold 1,750 shares of Simply Good Foods stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $27.87, for a total value of $48,772.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Hanno E. Holm sold 15,983 shares of Simply Good Foods stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $26.88, for a total transaction of $429,623.04. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in Simply Good Foods by 1,058.1% during the 2nd quarter. Invesco Ltd. now owns 1,453,234 shares of the financial services provider’s stock worth $34,994,000 after purchasing an additional 1,327,747 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in Simply Good Foods during the 2nd quarter worth $29,691,000. Dimensional Fund Advisors LP boosted its stake in Simply Good Foods by 245.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 834,888 shares of the financial services provider’s stock worth $15,778,000 after purchasing an additional 593,243 shares during the last quarter. BlackRock Inc. boosted its stake in Simply Good Foods by 12.6% during the 2nd quarter. BlackRock Inc. now owns 4,702,639 shares of the financial services provider’s stock worth $113,240,000 after purchasing an additional 525,409 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in Simply Good Foods by 904.6% during the 2nd quarter. Marshall Wace LLP now owns 403,953 shares of the financial services provider’s stock worth $9,727,000 after purchasing an additional 363,742 shares during the last quarter. 85.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:SMPL traded down $0.06 during trading on Tuesday, hitting $27.26. 585,992 shares of the stock traded hands, compared to its average volume of 780,193. The company has a quick ratio of 7.57, a current ratio of 8.63 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 47.00 and a beta of 0.79. The company has a fifty day moving average price of $28.92 and a two-hundred day moving average price of $25.02. Simply Good Foods has a 52-week low of $16.55 and a 52-week high of $31.34.

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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Earnings History and Estimates for Simply Good Foods (NASDAQ:SMPL)

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