Simply Good Foods Co (NASDAQ:SMPL) – Equities researchers at SunTrust Banks lifted their Q4 2018 earnings per share (EPS) estimates for shares of Simply Good Foods in a research note issued on Tuesday, July 10th. SunTrust Banks analyst W. Chappell now anticipates that the financial services provider will post earnings per share of $0.15 for the quarter, up from their previous forecast of $0.14. SunTrust Banks currently has a “Buy” rating and a $20.00 target price on the stock. SunTrust Banks also issued estimates for Simply Good Foods’ Q4 2019 earnings at $0.15 EPS.
Get Simply Good Foods alerts:Several other analysts have also recently commented on the company. Zacks Investment Research upgraded Simply Good Foods from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Wednesday. Stifel Nicolaus boosted their price target on Simply Good Foods from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday. Consumer Edge assumed coverage on Simply Good Foods in a research report on Monday, July 2nd. They set an “outperform” rating for the company. Finally, Deutsche Bank dropped their price target on Simply Good Foods from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, April 11th. Seven investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $16.83.
Simply Good Foods opened at $17.32 on Thursday, MarketBeat reports. The company has a quick ratio of 4.07, a current ratio of 4.84 and a debt-to-equity ratio of 0.29. Simply Good Foods has a 12 month low of $10.93 and a 12 month high of $17.48.
Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Tuesday, July 10th. The financial services provider reported $0.10 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.10. The business had revenue of $107.20 million during the quarter, compared to analysts’ expectations of $102.24 million. Simply Good Foods had a return on equity of 2.48% and a net margin of 10.02%. Simply Good Foods’s revenue for the quarter was up 11.1% compared to the same quarter last year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new position in Simply Good Foods during the first quarter worth $143,000. WINTON GROUP Ltd acquired a new position in Simply Good Foods during the first quarter worth $162,000. Schwab Charles Investment Management Inc. acquired a new position in Simply Good Foods during the fourth quarter worth $186,000. Quadrature Capital Ltd acquired a new position in Simply Good Foods during the first quarter worth $254,000. Finally, Teacher Retirement System of Texas acquired a new position in Simply Good Foods during the fourth quarter worth $260,000. 85.23% of the stock is currently owned by institutional investors.
In other news, COO Hanno E. Holm purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 23rd. The stock was purchased at an average cost of $12.78 per share, for a total transaction of $51,120.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Todd E. Cunfer purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 18th. The shares were purchased at an average price of $13.19 per share, with a total value of $131,900.00. The disclosure for this purchase can be found here. 4.62% of the stock is currently owned by insiders.
About Simply Good Foods
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.
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