Simply Good Foods (NASDAQ:SMPL) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

by · The Cerbat Gem

Simply Good Foods (NASDAQ:SMPL – Get Free Report) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02, Zacks reports. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. Simply Good Foods updated its FY 2025 guidance to EPS.

Simply Good Foods Stock Performance

Shares of SMPL opened at $36.76 on Wednesday. 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 stock has a 50-day moving average price of $38.18 and a 200-day moving average price of $35.44. The company has a market cap of $3.71 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 3.51 and a beta of 0.67. Simply Good Foods has a 12-month low of $30.00 and a 12-month high of $42.37.

Wall Street Analyst Weigh In

SMPL has been the topic of several recent research reports. Stephens dropped their target price on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Mizuho increased their price objective on Simply Good Foods from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Citigroup reduced 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. Three 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, the company has an average rating of “Moderate Buy” and a consensus target price of $40.22.

Read Our Latest Report on SMPL

Insider Buying and Selling

In related news, insider Timothy Richard Kraft sold 21,209 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.50, for a total value of $774,128.50. Following the transaction, the insider now owns 40,068 shares of the company’s stock, valued at $1,462,482. This represents a 34.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Scalzo sold 2,374 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $36.23, for a total value of $86,010.02. Following the sale, the director now owns 136,830 shares in the company, valued at $4,957,350.90. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 327,869 shares of company stock worth $12,139,570. Insiders own 9.35% of the company’s stock.

Simply Good Foods Company Profile

(Get Free Report)

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.

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