Simply Good Foods (NASDAQ:SMPL) Issues Earnings Results, Beats Expectations By $0.06 EPS

Simply Good Foods (NASDAQ:SMPL) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.06, Briefing.com reports. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. The business had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $347.32 million. During the same quarter in the prior year, the company posted $0.43 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Simply Good Foods updated its FY 2025 guidance to EPS.

Simply Good Foods Stock Performance

Shares of Simply Good Foods stock opened at $35.84 on Thursday. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 3.51 and a beta of 0.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.05 and a quick ratio of 2.75. The firm’s 50-day moving average is $38.21 and its 200 day moving average is $35.44. Simply Good Foods has a 1 year low of $30.00 and a 1 year high of $42.37.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Simply Good Foods news, CAO Timothy Allen Matthews sold 5,325 shares of the business’s stock in a transaction on 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 sale, the chief accounting officer now directly owns 17,063 shares in the company, valued at approximately $636,620.53. The trade was a 23.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy Richard Kraft sold 21,209 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $36.50, for a total transaction of $774,128.50. Following the sale, the insider now directly owns 40,068 shares of the company’s stock, valued at approximately $1,462,482. This represents a 34.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 327,869 shares of company stock worth $12,139,570 in the last three months. Insiders own 9.35% of the company’s stock.

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.