Simply Good Foods (NASDAQ:SMPL) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02, Morningstar.com reports. Simply Good Foods had a return on equity of 6.34% and a net margin of 10.17%. The business had revenue of $139.50 million for the quarter, compared to analysts’ expectations of $120.85 million. During the same period last year, the business earned $0.10 EPS. The business’s revenue was up 30.1% on a year-over-year basis.
NASDAQ SMPL opened at $25.38 on Wednesday. The company has a market cap of $2.04 billion, a PE ratio of 43.76 and a beta of 0.84. Simply Good Foods has a one year low of $14.89 and a one year high of $26.00. The company has a quick ratio of 7.85, a current ratio of 9.17 and a debt-to-equity ratio of 0.23. The business’s fifty day simple moving average is $22.99.
Several equities analysts have weighed in on SMPL shares. Buckingham Research raised their price objective on Simply Good Foods from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, April 5th. SunTrust Banks cut Simply Good Foods from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $23.00 in a research note on Tuesday, April 9th. They noted that the move was a valuation call. DA Davidson started coverage on Simply Good Foods in a research note on Wednesday, June 19th. They set a “buy” rating and a $27.00 price objective on the stock. Zacks Investment Research cut Simply Good Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Finally, ValuEngine upgraded Simply Good Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 21st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $24.80.
About Simply Good Foods
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
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