Simply Good Foods (SMPL) to Release Earnings on Thursday

Simply Good Foods (NASDAQ:SMPL) will release its earnings data before the market opens on Thursday, June 27th. Analysts expect Simply Good Foods to post earnings of $0.45 per share for the quarter. Simply Good Foods has set its FY 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Thursday, April 4th. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $312.20 million for the quarter, compared to the consensus estimate of $313.57 million. Simply Good Foods had a return on equity of 10.12% and a net margin of 11.12%. On average, analysts expect Simply Good Foods to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Simply Good Foods Stock Performance

Shares of NASDAQ:SMPL opened at $36.50 on Thursday. The company has a market cap of $3.65 billion, a P/E ratio of 26.26, a PEG ratio of 2.12 and a beta of 0.65. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.09 and a current ratio of 4.20. Simply Good Foods has a one year low of $30.00 and a one year high of $43.00. The business’s 50-day simple moving average is $36.16 and its 200 day simple moving average is $36.81.

Insider Transactions at Simply Good Foods

In other news, Director James D. White sold 4,000 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $38.17, for a total transaction of $152,680.00. Following the transaction, the director now owns 17,027 shares of the company’s stock, valued at approximately $649,920.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 10.98% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SMPL. Needham & Company LLC restated a “buy” rating and set a $41.00 price objective on shares of Simply Good Foods in a report on Tuesday, April 30th. Mizuho reiterated a “buy” rating and issued a $50.00 price target on shares of Simply Good Foods in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Simply Good Foods from $36.00 to $37.00 and gave the company a “hold” rating in a report on Friday, June 14th. TD Cowen started coverage on Simply Good Foods in a report on Monday, April 22nd. They issued a “hold” rating and a $34.00 price target for the company. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $42.00 price target on shares of Simply Good Foods in a report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Simply Good Foods currently has an average rating of “Moderate Buy” and a consensus price target of $39.86.

Simply Good Foods Company Profile

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.