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

The Simply Good Foods (NASDAQ:SMPL) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02, MarketWatch Earnings reports. The company had revenue of $230.60 million during the quarter, compared to the consensus estimate of $230.03 million. The Simply Good Foods had a return on equity of 7.36% and a net margin of 6.92%. The Simply Good Foods’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 EPS.

NASDAQ:SMPL traded up $0.51 on Thursday, reaching $31.99. The stock had a trading volume of 3,039 shares, compared to its average volume of 734,268. The company has a current ratio of 3.70, a quick ratio of 2.69 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $30.60 and a 200 day moving average of $26.39. The stock has a market cap of $3.06 billion, a P/E ratio of 49.97 and a beta of 0.98. The Simply Good Foods has a 12-month low of $15.65 and a 12-month high of $35.25.

Several research analysts have weighed in on SMPL shares. Credit Suisse Group started coverage on The Simply Good Foods in a report on Tuesday. They issued a “neutral” rating and a $31.00 price target for the company. Stifel Nicolaus downgraded The Simply Good Foods from a “buy” rating to a “hold” rating and upped their price objective for the stock from $26.00 to $30.00 in a report on Thursday, January 7th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price objective on The Simply Good Foods from $29.00 to $35.00 in a report on Thursday, January 7th. Stephens started coverage on The Simply Good Foods in a report on Tuesday, January 19th. They set an “equal weight” rating and a $29.00 price objective for the company. Finally, Smith Barney Citigroup upped their price objective on The Simply Good Foods from $29.00 to $35.00 in a report on Thursday, January 7th. One equities 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 company. The Simply Good Foods presently has a consensus rating of “Buy” and an average price target of $31.71.

About The 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 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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Earnings History for The Simply Good Foods (NASDAQ:SMPL)

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