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

Simply Good Foods (NASDAQ:SMPL - Get Free Report) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.06, Briefing.com reports. The company had revenue of $341.30 million for the quarter, compared to analyst estimates of $347.32 million. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. The firm's revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. Simply Good Foods updated its FY 2025 guidance to EPS.

Simply Good Foods Trading Down 2.5 %

Shares of Simply Good Foods stock traded down $0.92 on Wednesday, reaching $35.84. 2,735,812 shares of the company's stock were exchanged, compared to its average volume of 1,640,183. The firm's 50-day moving average is $38.21 and its two-hundred day moving average is $35.44. The company has a market capitalization of $3.62 billion, a P/E ratio of 25.97, a price-to-earnings-growth 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.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Mizuho upped their target price on Simply Good Foods from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Citigroup reduced 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 report on Thursday, November 14th. Finally, Stephens dropped 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Simply Good Foods presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.22.

Insider Activity at Simply Good Foods

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 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 document filed with the SEC, which can be accessed through the SEC website. Also, insider Timothy Richard Kraft sold 76,761 shares of the firm's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $37.60, for a total transaction of $2,886,213.60. Following the completion of the transaction, the insider now directly owns 40,068 shares in the company, valued at $1,506,556.80. This trade represents a 65.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 327,869 shares of company stock worth $12,139,570 in the last quarter. Company 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.