Simply Good Foods (SMPL) Scheduled to Post Quarterly Earnings on Thursday

Simply Good Foods (NASDAQ:SMPLGet Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, April 4th. Analysts expect Simply Good Foods to post earnings of $0.35 per share for the quarter. Simply Good Foods has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Simply Good Foods (NASDAQ:SMPLGet Free Report) last announced its quarterly earnings data on Thursday, January 4th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Simply Good Foods had a return on equity of 9.95% and a net margin of 10.66%. The company had revenue of $308.70 million for the quarter, compared to analyst estimates of $309.26 million. During the same quarter in the previous year, the company earned $0.40 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. 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 Price Performance

Shares of SMPL opened at $33.89 on Thursday. Simply Good Foods has a twelve month low of $31.06 and a twelve month high of $43.00. The stock’s 50 day moving average is $35.93 and its two-hundred day moving average is $36.93. The firm has a market capitalization of $3.38 billion, a PE ratio of 25.87, a P/E/G ratio of 2.42 and a beta of 0.70. The company has a current ratio of 5.02, a quick ratio of 3.46 and a debt-to-equity ratio of 0.17.

Wall Street Analysts Forecast Growth

SMPL has been the topic of a number of analyst reports. Morgan Stanley lowered their price objective on Simply Good Foods from $46.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, March 20th. DA Davidson lowered their price objective on Simply Good Foods from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $42.00 price target (up previously from $41.00) on shares of Simply Good Foods in a research note on Tuesday, January 2nd. Finally, Needham & Company LLC boosted their price target on Simply Good Foods from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, January 5th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.13.

View Our Latest Report on Simply Good Foods

Insider Activity at Simply Good Foods

In related news, Director Robert G. Montgomery sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $39.36, for a total value of $98,400.00. Following the sale, the director now owns 52,738 shares of the company’s stock, valued at approximately $2,075,767.68. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Simply Good Foods news, SVP Susan Hunsberger sold 35,010 shares of the business’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $40.63, for a total value of $1,422,456.30. Following the completion of the transaction, the senior vice president now directly owns 30,768 shares in the company, valued at approximately $1,250,103.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert G. Montgomery sold 2,500 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $39.36, for a total value of $98,400.00. Following the completion of the transaction, the director now owns 52,738 shares of the company’s stock, valued at $2,075,767.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,326 shares of company stock valued at $2,877,965. 10.98% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SMPL. Advisor Group Holdings Inc. increased its holdings in shares of Simply Good Foods by 7.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,059 shares of the financial services provider’s stock worth $229,000 after buying an additional 407 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Simply Good Foods by 1.6% during the 1st quarter. JPMorgan Chase & Co. now owns 129,928 shares of the financial services provider’s stock worth $4,930,000 after buying an additional 2,098 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Simply Good Foods by 2.7% during the 1st quarter. Raymond James & Associates now owns 45,543 shares of the financial services provider’s stock worth $1,728,000 after buying an additional 1,205 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Simply Good Foods by 11.4% during the 1st quarter. Citigroup Inc. now owns 74,216 shares of the financial services provider’s stock worth $2,817,000 after buying an additional 7,583 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Simply Good Foods by 4.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,454 shares of the financial services provider’s stock worth $246,000 after buying an additional 296 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Simply Good Foods Company Profile

(Get Free Report)

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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Earnings History for Simply Good Foods (NASDAQ:SMPL)

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