The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report)'s stock price reached a new 52-week low on Thursday following a dissappointing earnings announcement. The stock traded as low as $22.86 and last traded at $19.79, with a volume of 13805 shares traded. The stock had previously closed at $24.96.
The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02). Simply Good Foods had a net margin of 9.97% and a return on equity of 10.29%. The company had revenue of $369.04 million for the quarter, compared to analysts' expectations of $369.07 million. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. Simply Good Foods has set its FY 2026 guidance at EPS.
Analysts Set New Price Targets
A number of analysts recently commented on the company. UBS Group reduced their price objective on Simply Good Foods from $36.00 to $27.00 and set a "neutral" rating for the company in a research report on Wednesday, October 8th. Mizuho cut their price target on Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating for the company in a report on Tuesday, July 15th. Weiss Ratings reissued a "hold (c-)" rating on shares of Simply Good Foods in a report on Wednesday, October 8th. Jefferies Financial Group cut their price target on Simply Good Foods from $32.00 to $27.00 and set a "hold" rating for the company in a report on Wednesday. Finally, Stifel Nicolaus dropped their price objective on Simply Good Foods from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, June 27th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $35.75.
View Our Latest Research Report on SMPL
Institutional Trading of Simply Good Foods
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Boston Trust Walden Corp boosted its position in shares of Simply Good Foods by 16.0% in the 3rd quarter. Boston Trust Walden Corp now owns 3,520,960 shares of the financial services provider's stock worth $87,390,000 after purchasing an additional 486,837 shares in the last quarter. CWM LLC boosted its holdings in Simply Good Foods by 343.0% in the 3rd quarter. CWM LLC now owns 2,605 shares of the financial services provider's stock worth $65,000 after buying an additional 2,017 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Simply Good Foods by 14,004.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 39,070 shares of the financial services provider's stock worth $970,000 after purchasing an additional 38,793 shares during the last quarter. Congress Asset Management Co. boosted its holdings in shares of Simply Good Foods by 8.5% during the 3rd quarter. Congress Asset Management Co. now owns 409,490 shares of the financial services provider's stock worth $10,164,000 after purchasing an additional 32,178 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of Simply Good Foods by 12.7% during the 2nd quarter. Osaic Holdings Inc. now owns 9,284 shares of the financial services provider's stock valued at $293,000 after buying an additional 1,048 shares during the period. Institutional investors own 88.45% of the company's stock.
Simply Good Foods Trading Down 19.1%
The stock has a market cap of $2.03 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 2.74 and a beta of 0.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.46 and a current ratio of 3.95. The company's 50-day moving average price is $26.57 and its 200 day moving average price is $31.27.
About Simply Good Foods
(
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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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