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

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

Simply Good Foods Stock Performance

Shares of SMPL stock opened at $35.84 on Friday. Simply Good Foods has a 12-month low of $30.00 and a 12-month high of $42.37. The business’s fifty day simple moving average is $38.26 and its 200-day simple moving average is $35.44. The company has a current ratio of 4.05, a quick ratio of 2.75 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.62 billion, a PE ratio of 25.97, a PEG ratio of 3.51 and a beta of 0.67.

Insiders Place Their Bets

In other news, insider Timothy Richard Kraft sold 76,761 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $37.60, for a total value of $2,886,213.60. Following the transaction, the insider now directly owns 40,068 shares of the company’s stock, valued at approximately $1,506,556.80. This trade represents a 65.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Brian K. Ratzan sold 50,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $37.38, for a total value of $1,869,000.00. Following the transaction, the director now directly owns 2,049,387 shares in the company, valued at $76,606,086.06. This trade represents a 2.38 % 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 valued at $12,139,570. 9.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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