The Simply Good Foods (NASDAQ:SMPL) released its quarterly earnings results on Tuesday. The financial services provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02, MarketWatch Earnings reports. The business had revenue of $230.60 million for the quarter, compared to the consensus estimate of $230.03 million. The Simply Good Foods had a net margin of 6.92% and a return on equity of 7.36%. The Simply Good Foods’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS.
Shares of SMPL stock traded up $0.45 on Thursday, hitting $31.93. The company’s stock had a trading volume of 2,858 shares, compared to its average volume of 734,268. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.69 and a current ratio of 3.70. The stock’s 50 day moving average is $30.60 and its 200-day moving average is $26.39. The Simply Good Foods has a fifty-two week low of $15.65 and a fifty-two week high of $35.25. The company has a market capitalization of $3.06 billion, a PE ratio of 49.97 and a beta of 0.98.
SMPL has been the topic of several recent analyst reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their target price on shares of The Simply Good Foods from $29.00 to $35.00 in a report on Thursday, January 7th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of The Simply Good Foods from $27.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, January 7th. Credit Suisse Group assumed coverage on shares of The Simply Good Foods in a report on Tuesday. They issued a “neutral” rating and a $31.00 target price on the stock. Wells Fargo & Company raised their price target on shares of The Simply Good Foods from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, January 7th. Finally, The Goldman Sachs Group raised their price target on shares of The Simply Good Foods from $29.00 to $34.00 and gave the stock a “conviction-buy” rating in a research report on Thursday, December 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus 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.