Simply Good Foods (NASDAQ:SMPL) Issues Earnings Results

Simply Good Foods (NASDAQ:SMPL) released its earnings results on Wednesday. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06, RTT News reports. The business had revenue of $359.70 million during the quarter, compared to analyst estimates of $354.50 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 earnings per share. Simply Good Foods updated its FY 2025 guidance to EPS.

Simply Good Foods Price Performance

SMPL stock opened at $33.19 on Wednesday. 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. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63. The business has a fifty day moving average of $35.82 and a two-hundred day moving average of $36.26.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SMPL. Mizuho decreased their target price on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Morgan Stanley started coverage on Simply Good Foods in a report on Monday, March 24th. They issued an “equal weight” rating and a $36.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.56.

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.