Simply Good Foods (SMPL) to Release Earnings on Thursday

Simply Good Foods (NASDAQ:SMPL) is set to announce its earnings results before the market opens on Thursday, June 27th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Simply Good Foods has set its FY 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Thursday, April 4th. The financial services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Simply Good Foods had a return on equity of 10.12% and a net margin of 11.12%. The company had revenue of $312.20 million during the quarter, compared to analysts’ expectations of $313.57 million. 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 Up 1.1 %

Shares of SMPL opened at $36.50 on Thursday. The stock has a market capitalization of $3.65 billion, a price-to-earnings 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 52 week low of $30.00 and a 52 week high of $43.00. The stock has a fifty day moving average of $36.16 and a 200-day moving average of $36.81.

Insider Activity

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

Analysts Set New Price Targets

Several research analysts recently issued reports on SMPL shares. Deutsche Bank Aktiengesellschaft raised their target price on Simply Good Foods from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Friday, June 14th. DA Davidson raised their target price on Simply Good Foods from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Stifel Nicolaus raised their target price on Simply Good Foods from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. TD Cowen began coverage on Simply Good Foods in a research report on Monday, April 22nd. They set a “hold” rating and a $34.00 target price for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $41.00 price target on shares of Simply Good Foods in a report on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Simply Good Foods presently has a consensus 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.