Simply Good Foods (NASDAQ:SMPL) Issues Quarterly Earnings Results

Simply Good Foods (NASDAQ:SMPL) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02, Zacks reports. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. Simply Good Foods updated its FY 2025 guidance to EPS.

Simply Good Foods Price Performance

Simply Good Foods stock opened at $36.76 on Wednesday. The business’s fifty day moving average is $38.18 and its two-hundred day moving average is $35.44. The firm has a market cap of $3.71 billion, a P/E ratio of 26.64, a P/E/G ratio of 3.51 and a beta of 0.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.75 and a current ratio of 4.05. Simply Good Foods has a 52 week low of $30.00 and a 52 week high of $42.37.

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, Director Joseph Scalzo sold 147,200 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $36.86, for a total transaction of $5,425,792.00. Following the transaction, the director now directly owns 141,439 shares in the company, valued at approximately $5,213,441.54. This represents a 51.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Timothy Allen Matthews sold 5,325 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $37.31, for a total transaction of $198,675.75. Following the completion of the transaction, the chief accounting officer now directly owns 17,063 shares in the company, valued at $636,620.53. This trade represents a 23.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 327,869 shares of company stock worth $12,139,570. 9.35% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on SMPL. Mizuho lifted their price target on shares of Simply Good Foods from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Citigroup decreased their target price on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Stephens cut their price target on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.22.

About Simply Good Foods

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.