Simply Good Foods (NASDAQ:SMPL) Announces Earnings Results, Misses Expectations By $0.02 EPS

Key Points

• Simply Good Foods reported earnings of $0.46 EPS for the quarter, missing analysts' expectations of $0.48 EPS by $0.02.
• The company updated its FY 2026 guidance after experiencing a 1.8% decline in revenue year-over-year, with total revenue at $369.04 million.
• Analysts have varying price targets for Simply Good Foods, with the average target set at $35.75, indicating a mixed outlook for the stock.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) released its earnings results on Thursday. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02), Briefing.com reports. Simply Good Foods had a return on equity of 10.29% and a net margin of 9.97%.The firm had revenue of $369.04 million during the quarter, compared to analysts' expectations of $369.07 million. During the same period in the prior year, the business earned $0.50 earnings per share. The business's quarterly revenue was down 1.8% compared to the same quarter last year. Simply Good Foods updated its FY 2026 guidance to EPS.

Simply Good Foods Price Performance

SMPL stock traded down $4.42 during mid-day trading on Thursday, hitting $20.54. 3,168,789 shares of the stock were exchanged, compared to its average volume of 1,166,348. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.95 and a quick ratio of 2.46. The business has a fifty day moving average price of $26.57 and a 200 day moving average price of $31.27. Simply Good Foods has a 12 month low of $18.47 and a 12 month high of $40.53. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 2.74 and a beta of 0.53.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Morgan Stanley set a $28.00 target price on Simply Good Foods in a research report on Thursday, October 16th. Mizuho decreased their target price on Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating for the company in a research report on Tuesday, July 15th. Sanford C. Bernstein set a $45.00 price target on Simply Good Foods and gave the stock an "outperform" rating in a report on Friday, July 11th. UBS Group cut their price target on Simply Good Foods from $36.00 to $27.00 and set a "neutral" rating for the company in a report on Wednesday, October 8th. Finally, Stifel Nicolaus cut their price target on Simply Good Foods from $40.00 to $38.00 and set a "buy" rating for the company in a report on Friday, June 27th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Simply Good Foods has an average rating of "Hold" and an average price target of $35.75.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Man Group plc purchased a new position in shares of Simply Good Foods in the second quarter worth about $688,000. AQR Capital Management LLC increased its holdings in shares of Simply Good Foods by 3.4% in the first quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider's stock worth $656,000 after buying an additional 617 shares during the period. Alamea Verwaltungs GmbH increased its holdings in shares of Simply Good Foods by 18.4% in the second quarter. Alamea Verwaltungs GmbH now owns 20,221 shares of the financial services provider's stock worth $639,000 after buying an additional 3,149 shares during the period. Diversify Wealth Management LLC increased its holdings in Simply Good Foods by 28.1% during the 2nd quarter. Diversify Wealth Management LLC now owns 21,224 shares of the financial services provider's stock valued at $617,000 after purchasing an additional 4,656 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Simply Good Foods by 529.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,480 shares of the financial services provider's stock valued at $426,000 after purchasing an additional 11,337 shares during the period. Hedge funds and other institutional investors own 88.45% of the company's stock.

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.

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