Simply Good Foods (NASDAQ:SMPL) announced its earnings results on Thursday. The financial services provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02, Fidelity Earnings reports. The firm had revenue of $152.20 million during the quarter, compared to analyst estimates of $159.40 million. Simply Good Foods had a net margin of 9.08% and a return on equity of 5.79%. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 EPS. Simply Good Foods updated its FY 2020
Pre-Market guidance to 0.90-0.95 EPS.
Shares of NASDAQ SMPL opened at $24.84 on Friday. The firm has a market cap of $2.65 billion, a PE ratio of 44.36 and a beta of 0.77. The company has a current ratio of 7.45, a quick ratio of 6.65 and a debt-to-equity ratio of 0.23. Simply Good Foods has a 1-year low of $18.75 and a 1-year high of $31.34. The company has a fifty day moving average price of $27.81 and a 200 day moving average price of $27.08.
In other Simply Good Foods news, Director James M. Kilts purchased 70,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were purchased at an average cost of $24.62 per share, with a total value of $1,723,400.00. Following the transaction, the director now directly owns 737,217 shares of the company’s stock, valued at approximately $18,150,282.54. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joseph Scalzo purchased 16,330 shares of the business’s stock in a transaction on Monday, November 11th. The shares were acquired at an average cost of $24.42 per share, for a total transaction of $398,778.60. Following the completion of the transaction, the chief executive officer now directly owns 465,683 shares in the company, valued at $11,371,978.86. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 86,643 shares of company stock valued at $2,129,634. Company insiders own 3.00% of the company’s stock.
A number of equities analysts recently weighed in on SMPL shares. Goldman Sachs Group reaffirmed a “buy” rating and issued a $32.00 target price on shares of Simply Good Foods in a research note on Monday, November 11th. Deutsche Bank started coverage on shares of Simply Good Foods in a research note on Wednesday, December 11th. They issued a “buy” rating and a $32.00 target price for the company. Zacks Investment Research lowered shares of Simply Good Foods from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine lowered shares of Simply Good Foods from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $30.43.
Simply Good Foods Company Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
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