Simply Good Foods (NASDAQ:SMPL – Get Free Report) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.06, Briefing.com reports. The company had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $347.32 million. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. Simply Good Foods’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Simply Good Foods updated its FY 2025 guidance to EPS.
Simply Good Foods Trading Down 2.5 %
NASDAQ:SMPL opened at $35.84 on Thursday. Simply Good Foods has a 52 week low of $30.00 and a 52 week high of $42.37. The firm has a 50-day moving average price of $38.21 and a two-hundred day moving average price of $35.44. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 3.51 and a beta of 0.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.75 and a current ratio of 4.05.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. Mizuho raised their price target on shares of Simply Good Foods from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Citigroup dropped their price objective on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, Stephens reduced their target price on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.22.
Insider Activity
In other Simply Good Foods news, insider Timothy Richard Kraft sold 76,761 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $37.60, for a total value of $2,886,213.60. Following the sale, the insider now directly owns 40,068 shares in the company, valued at $1,506,556.80. This represents a 65.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian K. Ratzan sold 50,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $37.38, for a total value of $1,869,000.00. Following the completion of the sale, the director now owns 2,049,387 shares in the company, valued at $76,606,086.06. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 327,869 shares of company stock valued at $12,139,570 over the last three months. Corporate insiders own 9.35% of the company’s stock.
About 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 protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, protein chips, and recipes under the Atkins and Quest brand names.
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