Simply Good Foods (NASDAQ:SMPL) Releases Earnings Results

Simply Good Foods (NASDAQ:SMPL) announced its earnings results on Wednesday. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02, Zacks reports. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. Simply Good Foods updated its FY 2025 guidance to EPS.

Simply Good Foods Stock Down 0.8 %

SMPL stock opened at $36.76 on Wednesday. The firm’s 50-day moving average is $38.18 and its two-hundred day moving average is $35.44. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 3.51 and a beta of 0.67. Simply Good Foods has a 52 week low of $30.00 and a 52 week high of $42.37. The company has a current ratio of 4.05, a quick ratio of 2.75 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SMPL. Mizuho increased their price objective on shares of Simply Good Foods from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Citigroup cut their price target on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, Stephens lowered their price objective on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.22.

Insider Buying and Selling at Simply Good Foods

In other news, insider Timothy Richard Kraft sold 21,209 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.50, for a total transaction of $774,128.50. Following the transaction, the insider now owns 40,068 shares in the company, valued at $1,462,482. This represents a 34.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian K. Ratzan sold 50,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $37.38, for a total transaction of $1,869,000.00. Following the completion of the transaction, the director now owns 2,049,387 shares in the company, valued at $76,606,086.06. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 327,869 shares of company stock valued at $12,139,570. 9.35% of the stock is owned by insiders.

About Simply Good Foods

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.