Simply Good Foods (SMPL) Stock Price, News & Analysis

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simply Good Foods in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SMPL shares.
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6 brokers have issued twelve-month price objectives for Simply Good Foods' stock. Their SMPL share price targets range from $34.00 to $50.00. On average, they predict the company's stock price to reach $41.17 in the next year. This suggests a possible upside of 25.7% from the stock's current price.
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Simply Good Foods' stock was trading at $39.60 on January 1st, 2024. Since then, SMPL stock has decreased by 17.3% and is now trading at $32.74.
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Simply Good Foods saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 2,970,000 shares, a drop of 32.3% from the March 15th total of 4,390,000 shares. Based on an average daily trading volume, of 933,600 shares, the days-to-cover ratio is presently 3.2 days. Approximately 3.3% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 4th 2024.
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The Simply Good Foods Company (NASDAQ:SMPL) issued its earnings results on Tuesday, October, 24th. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The financial services provider had revenue of $320.42 million for the quarter, compared to analyst estimates of $319.55 million. Simply Good Foods had a trailing twelve-month return on equity of 10.12% and a net margin of 11.12%. Simply Good Foods's revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS.

ETFs with the largest weight of Simply Good Foods (NASDAQ:SMPL) stock in their portfolio include Invesco S&P SmallCap Consumer Staples ETF (PSCC), Neuberger Berman Next Generation Connected Consumer ETF (NBCC), Global X Health & Wellness ETF (BFIT), iShares S&P Small-Cap 600 Growth ETF (IJT), First Trust Nasdaq Food & Beverage ETF (FTXG), ProShares MSCI Transformational Changes ETF (ANEW) and SPDR S&P SmallCap 600 ESG ETF (ESIX).SPDR S&P 600 Small Cap ETF (SLY).

Simply Good Foods updated its FY 2024 earnings guidance on Thursday, April, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Simply Good Foods investors own include Marvell Technology (MRVL), NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA), Abbott Laboratories (ABT), Advanced Micro Devices (AMD), Pfizer (PFE), Block (SQ), AT&T (T) and Uber Technologies (UBER).

Simply Good Foods' stock is owned by a variety of retail and institutional investors. Top institutional investors include Congress Asset Management Co. MA (1.31%), Fulton Bank N.A. (0.01%), Moody National Bank Trust Division (0.01%), Banque Cantonale Vaudoise (0.00%) and Salem Investment Counselors Inc. (0.00%). Insiders that own company stock include Brian K Ratzan, C Scott Parker, Conyers Park Sponsor Llc, Geoff E Tanner, Jeremy Scott Ivie, Jill M Short, Joseph Scalzo, Linda Zink, Robert G Montgomery, Stuart E Jr Heflin, Susan Hunsberger, Timothy Allen Matthews and Timothy Richard Kraft.
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Shares of SMPL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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