Simply Good Foods (NASDAQ:SMPL) Announces Quarterly Earnings Results

Simply Good Foods (NASDAQ:SMPLGet Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02, reports. Simply Good Foods had a return on equity of 10.28% and a net margin of 11.49%. The business had revenue of $334.80 million for the quarter, compared to analysts’ expectations of $337.66 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. Simply Good Foods updated its FY 2024 guidance to EPS.

Simply Good Foods Stock Up 1.2 %

SMPL stock traded up $0.44 on Friday, reaching $36.13. 1,687,447 shares of the company traded hands, compared to its average volume of 695,687. The firm has a fifty day simple moving average of $36.71 and a 200-day simple moving average of $36.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.19 and a quick ratio of 3.09. Simply Good Foods has a one year low of $30.00 and a one year high of $43.00. The company has a market cap of $3.61 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 2.12 and a beta of 0.65.

Wall Street Analyst Weigh In

Several analysts have issued reports on SMPL shares. Morgan Stanley restated an “overweight” rating and issued a $42.00 target price on shares of Simply Good Foods in a research note on Thursday, April 11th. TD Cowen initiated coverage on Simply Good Foods in a research note on Monday, April 22nd. They set a “hold” rating and a $34.00 price objective on the stock. Mizuho reiterated a “buy” rating and set a $50.00 price objective on shares of Simply Good Foods in a research note on Friday, April 5th. Stifel Nicolaus boosted their price objective on Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $41.00 price objective on shares of Simply Good Foods in a research note on Friday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.86.

Get Our Latest Report on Simply Good Foods

Insider Buying and Selling at Simply Good Foods

In other news, Director James D. White sold 4,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $38.17, for a total value of $152,680.00. Following the transaction, the director now directly owns 17,027 shares in the company, valued at approximately $649,920.59. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 10.98% of the company’s stock.

Simply Good Foods Company Profile

(Get Free Report)

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 protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, protein chips, and recipes under the Atkins and Quest brand names.

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Earnings History for Simply Good Foods (NASDAQ:SMPL)

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