The Simply Good Foods (NASDAQ:SMPL) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02, MarketWatch Earnings reports. The firm had revenue of $230.60 million during the quarter, compared to analysts’ expectations of $230.03 million. The Simply Good Foods had a net margin of 6.92% and a return on equity of 7.36%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 earnings per share.
SMPL stock opened at $31.48 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.69 and a current ratio of 3.70. The company’s 50-day simple moving average is $30.60 and its 200 day simple moving average is $26.39. The Simply Good Foods has a 52 week low of $15.65 and a 52 week high of $35.25. The company has a market capitalization of $3.01 billion, a PE ratio of 49.97 and a beta of 0.98.
A number of brokerages recently issued reports on SMPL. Zacks Investment Research cut shares of The Simply Good Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday. DA Davidson cut shares of The Simply Good Foods from a “buy” rating to a “neutral” rating and upped their price target for the company from $25.00 to $33.00 in a report on Wednesday, February 3rd. Stephens began coverage on shares of The Simply Good Foods in a report on Tuesday, January 19th. They issued an “equal weight” rating and a $29.00 price target for the company. The Goldman Sachs Group upped their price target on shares of The Simply Good Foods from $29.00 to $34.00 and gave the company a “conviction-buy” rating in a report on Thursday, December 24th. Finally, Credit Suisse Group began coverage on shares of The Simply Good Foods in a report on Tuesday. They issued a “neutral” rating and a $31.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The Simply Good Foods has a consensus rating of “Buy” and an average target price of $31.71.
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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