The Simply Good Foods (NASDAQ:SMPL) posted 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 analyst estimates of $230.03 million. The Simply Good Foods had a net margin of 6.92% and a return on equity of 7.36%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share.
Shares of SMPL opened at $31.48 on Thursday. The firm’s 50 day simple moving average is $30.60 and its 200 day simple moving average is $26.39. The company has a market capitalization of $3.01 billion, a P/E ratio of 49.97 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.70 and a quick ratio of 2.69. The Simply Good Foods has a 1-year low of $15.65 and a 1-year high of $35.25.
Several equities analysts recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of The Simply Good Foods in a research report on Tuesday. They set a “neutral” rating and a $31.00 price target for the company. Stephens assumed coverage on shares of The Simply Good Foods in a research report on Tuesday, January 19th. They set an “equal weight” rating and a $29.00 price target for the company. Smith Barney Citigroup increased their price target on shares of The Simply Good Foods from $29.00 to $35.00 in a research report on Thursday, January 7th. Stifel Nicolaus lowered shares of The Simply Good Foods from a “buy” rating to a “hold” rating and increased their target price for the stock from $26.00 to $30.00 in a research report on Thursday, January 7th. Finally, Zacks Investment Research lowered shares of The Simply Good Foods from a “hold” rating to a “strong sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The Simply Good Foods presently has an average rating of “Buy” and an average price target of $31.71.
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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