The Simply Good Foods (NASDAQ:SMPL) Announces Earnings Results, Beats Expectations By $0.08 EPS

The Simply Good Foods (NASDAQ:SMPL) released its earnings results on Tuesday. The financial services provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $231.20 million during the quarter, compared to analysts’ expectations of $209.65 million. During the same period last year, the business earned $0.22 EPS. The Simply Good Foods’s revenue for the quarter was up 51.9% on a year-over-year basis.

Shares of SMPL stock traded down $0.06 during trading hours on Thursday, reaching $30.00. 7,774 shares of the stock were exchanged, compared to its average volume of 1,314,143. The business’s fifty 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 current ratio of 3.20 and a quick ratio of 2.24. The Simply Good Foods has a 12-month low of $14.08 and a 12-month high of $32.03. The firm has a market capitalization of $2.87 billion, a P/E ratio of 101.60 and a beta of 0.78.

SMPL has been the subject of several research reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on shares of The Simply Good Foods from $29.00 to $35.00 in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of The Simply Good Foods from $27.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday. 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. Stifel Nicolaus cut shares of The Simply Good Foods from a “buy” rating to a “hold” rating and lifted their price objective for the company from $26.00 to $30.00 in a research note on Thursday. Finally, Jefferies Financial Group began coverage on shares of The Simply Good Foods in a report on Thursday. They issued a “buy” rating and a $36.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The Simply Good Foods presently has a consensus rating of “Buy” and an average price target of $31.00.

In other news, Director Robert G. Montgomery bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were purchased at an average cost of $18.98 per share, for a total transaction of $37,960.00. Following the completion of the purchase, the director now owns 54,766 shares of the company’s stock, valued at $1,039,458.68. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

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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Earnings History for The Simply Good Foods (NASDAQ:SMPL)

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