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

Simply Good Foods (NASDAQ:SMPL - Get Free Report) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06, RTT News reports. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The firm had revenue of $359.70 million for the quarter, compared to analysts' expectations of $354.50 million. During the same period in the prior year, the business posted $0.40 earnings per share. The company's revenue was up 15.2% on a year-over-year basis. Simply Good Foods updated its FY 2025 guidance to EPS.

Simply Good Foods Trading Down 2.8 %

Shares of Simply Good Foods stock traded down $1.06 during trading on Monday, reaching $36.94. The company's stock had a trading volume of 394,237 shares, compared to its average volume of 925,575. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 3.23 and a beta of 0.63. The firm's 50-day moving average is $35.74 and its two-hundred day moving average is $36.32. Simply Good Foods has a 52-week low of $31.25 and a 52-week high of $40.53. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20.

Insiders Place Their Bets

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the completion of the sale, the senior vice president now owns 12,839 shares of the company's stock, valued at approximately $478,252.75. This represents a 28.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.35% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. DA Davidson lifted their price objective on Simply Good Foods from $35.00 to $41.00 and gave the company a "neutral" rating in a research note on Friday. Mizuho boosted their price objective on Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Morgan Stanley raised their target price on shares of Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $40.22.

Simply Good Foods Company Profile

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.