Simply Good Foods (SMPL) to Release Earnings on Thursday

Simply Good Foods (NASDAQ:SMPL) will announce its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Simply Good Foods Stock Performance

Shares of SMPL stock opened at $32.51 on Wednesday. Simply Good Foods has a 52 week low of $30.00 and a 52 week high of $43.00. The firm’s 50-day simple moving average is $33.29 and its two-hundred day simple moving average is $34.75. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 2.27 and a beta of 0.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.05 and a current ratio of 5.19.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $41.00 price objective on shares of Simply Good Foods in a research note on Friday, June 28th. DA Davidson boosted their target price on Simply Good Foods from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, July 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.29.

Insider Activity

In other news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $34.44, for a total value of $36,437.52. Following the completion of the transaction, the senior vice president now directly owns 19,319 shares in the company, valued at approximately $665,346.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.98% 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.