The Simply Good Foods (NASDAQ:SMPL) issued its earnings results on Tuesday. The financial services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02, MarketWatch Earnings reports. The Simply Good Foods had a return on equity of 7.36% and a net margin of 6.92%. The business had revenue of $230.60 million for the quarter, compared to analyst estimates of $230.03 million. During the same quarter last year, the company earned $0.23 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis.
Shares of SMPL stock opened at $31.48 on Thursday. The business’s 50 day moving average is $30.60 and its two-hundred day moving average is $26.39. The Simply Good Foods has a twelve month low of $15.65 and a twelve month high of $35.25. 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 current ratio of 3.70, a quick ratio of 2.69 and a debt-to-equity ratio of 0.46.
Several equities research analysts have recently weighed in on the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on The Simply Good Foods from $29.00 to $35.00 in a research report on Thursday, January 7th. Credit Suisse Group assumed coverage on The Simply Good Foods in a research report on Tuesday. They set a “neutral” rating and a $31.00 target price on the stock. The Goldman Sachs Group raised their target price on 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. Stephens began coverage on The Simply Good Foods in a research report on Tuesday, January 19th. They set an “equal weight” rating and a $29.00 target price on the stock. Finally, Smith Barney Citigroup raised their price target on The Simply Good Foods from $29.00 to $35.00 in a research note on Thursday, January 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price 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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