The Simply Good Foods (NASDAQ:SMPL) released its quarterly earnings results on Tuesday. The financial services provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02, MarketWatch Earnings reports. The Simply Good Foods had a return on equity of 7.36% and a net margin of 6.92%. The company had revenue of $230.60 million during the quarter, compared to analysts’ expectations of $230.03 million. During the same period last year, the business posted $0.23 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year.
The Simply Good Foods stock opened at $31.48 on Thursday. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 49.97 and a beta of 0.98. The Simply Good Foods has a 52 week low of $15.65 and a 52 week high of $35.25. The business’s 50-day moving average price is $30.60 and its 200 day moving average price is $26.39. The company has a quick ratio of 2.69, a current ratio of 3.70 and a debt-to-equity ratio of 0.46.
A number of research firms have commented on SMPL. Jefferies Financial Group reiterated a “hold” rating and issued a $36.00 price target on shares of The Simply Good Foods in a research note on Thursday, March 25th. DA Davidson cut The Simply Good Foods from a “buy” rating to a “neutral” rating and increased their price target for the company from $25.00 to $33.00 in a research note on Wednesday, February 3rd. Zacks Investment Research cut The Simply Good Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Stephens began coverage on The Simply Good Foods in a research note on Tuesday, January 19th. They issued an “equal weight” rating and a $29.00 price objective for the company. Finally, Credit Suisse Group began coverage on The Simply Good Foods in a research note on Tuesday. They issued a “neutral” rating and a $31.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target 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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