Simply Good Foods Co Forecasted to Post Q3 2020 Earnings of $0.15 Per Share (NASDAQ:SMPL)

Simply Good Foods Co (NASDAQ:SMPL) – Research analysts at William Blair issued their Q3 2020 earnings per share estimates for Simply Good Foods in a research note issued to investors on Wednesday, June 24th. William Blair analyst J. Andersen expects that the financial services provider will post earnings per share of $0.15 for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Simply Good Foods’ Q4 2020 earnings at $0.18 EPS, FY2020 earnings at $0.78 EPS and FY2021 earnings at $0.85 EPS.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Monday, April 6th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.06. The business had revenue of $227.10 million for the quarter, compared to the consensus estimate of $220.22 million. Simply Good Foods had a net margin of 3.86% and a return on equity of 5.90%. The company’s quarterly revenue was up 83.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS.

SMPL has been the topic of a number of other research reports. Zacks Investment Research cut shares of Simply Good Foods from a “hold” rating to a “sell” rating in a report on Friday, May 1st. Citigroup assumed coverage on shares of Simply Good Foods in a report on Thursday, May 21st. They set a “buy” rating and a $22.00 target price on the stock. TheStreet cut shares of Simply Good Foods from a “b-” rating to a “c+” rating in a report on Wednesday, March 4th. Deutsche Bank dropped their target price on shares of Simply Good Foods from $30.00 to $24.00 in a report on Tuesday, April 7th. Finally, DA Davidson dropped their target price on shares of Simply Good Foods from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $27.11.

Shares of SMPL stock opened at $18.84 on Monday. Simply Good Foods has a 12 month low of $14.08 and a 12 month high of $31.34. The stock has a market cap of $1.64 billion, a PE ratio of 64.97 and a beta of 0.61. The company has a current ratio of 3.17, a quick ratio of 2.10 and a debt-to-equity ratio of 0.52. The company’s fifty day moving average price is $17.37 and its 200-day moving average price is $20.74.

A number of institutional investors and hedge funds have recently bought and sold shares of SMPL. Principal Financial Group Inc. lifted its stake in Simply Good Foods by 19.1% during the 4th quarter. Principal Financial Group Inc. now owns 19,888 shares of the financial services provider’s stock valued at $568,000 after acquiring an additional 3,196 shares during the period. State Street Corp lifted its stake in Simply Good Foods by 20.1% during the 4th quarter. State Street Corp now owns 1,685,020 shares of the financial services provider’s stock valued at $48,090,000 after acquiring an additional 282,264 shares during the period. Victory Capital Management Inc. lifted its stake in Simply Good Foods by 2.9% during the 4th quarter. Victory Capital Management Inc. now owns 844,487 shares of the financial services provider’s stock valued at $24,102,000 after acquiring an additional 23,921 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Simply Good Foods by 24.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 653,089 shares of the financial services provider’s stock valued at $18,640,000 after acquiring an additional 130,123 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in Simply Good Foods by 540.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,729 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,459 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

In related news, Director James E. Healey bought 5,000 shares of the stock in a transaction on Thursday, April 9th. The shares were acquired at an average price of $16.86 per share, for a total transaction of $84,300.00. Following the purchase, the director now owns 52,678 shares of the company’s stock, valued at $888,151.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James D. White bought 2,780 shares of the stock in a transaction on Wednesday, May 6th. The shares were bought at an average price of $18.77 per share, for a total transaction of $52,180.60. In the last quarter, insiders purchased 143,149 shares of company stock worth $2,468,522. 3.00% of the stock is currently owned by company insiders.

Simply Good Foods Company Profile

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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Earnings History and Estimates for Simply Good Foods (NASDAQ:SMPL)

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