Simply Good Foods (NASDAQ:SMPL) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Simply Good Foods (NASDAQ:SMPL) issued its earnings results on Tuesday. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05, FiscalAI reports. Simply Good Foods had a positive return on equity of 9.34% and a negative net margin of 14.28%. The company had revenue of $333.31 million during the quarter, compared to the consensus estimate of $327.21 million. During the same period last year, the business posted $0.46 EPS. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year.

Simply Good Foods Stock Performance

NASDAQ SMPL opened at $10.69 on Tuesday. The company’s 50 day simple moving average is $10.45 and its two-hundred day simple moving average is $13.13. The stock has a market capitalization of $945.38 million, a PE ratio of -5.06 and a beta of 0.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.80 and a quick ratio of 3.10. Simply Good Foods has a 1 year low of $9.38 and a 1 year high of $22.00.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. TD Cowen cut their price target on shares of Simply Good Foods from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, August 26th. Jefferies Financial Group set a $15.00 price target on Simply Good Foods in a report on Wednesday, August 26th. UBS Group set a $15.00 target price on Simply Good Foods in a research note on Friday, July 10th. Weiss Ratings cut shares of Simply Good Foods from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, October 12th. Finally, DA Davidson set a $12.00 target price on shares of Simply Good Foods in a research note on Monday. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Simply Good Foods presently has an average rating of “Hold” and a consensus target price of $14.27.

About Simply Good Foods

The Simply Good Foods Company (NASDAQ: SMPL) is a consumer packaged food company focused on convenient, nutrition-focused products. Its portfolio is built around the Atkins and Quest brands, which serve consumers seeking lower-carbohydrate, higher-protein and better-for-you food options.

The company offers a variety of products, including protein bars, snack bars, shakes, cookies, chips, confectionery items, protein powders and frozen foods. Its products are sold through grocery stores, mass merchants, club stores, drugstores, convenience stores, e-commerce platforms and other retail channels.

Simply Good Foods was established in 2017 through the combination of Conyers Park Acquisition Corp.