Simply Good Foods - SMPL Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simply Good Foods in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SMPL shares.
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13 Wall Street research analysts have issued 1-year price targets for Simply Good Foods' shares. Their SMPL share price forecasts range from $34.00 to $47.00. On average, they expect the company's stock price to reach $42.00 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price.
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Simply Good Foods' stock was trading at $38.03 on January 1st, 2023. Since then, SMPL stock has decreased by 5.4% and is now trading at $35.99.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 5th 2023.
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The Simply Good Foods Company (NASDAQ:SMPL) announced its quarterly earnings results on Tuesday, January, 4th. The financial services provider reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.09. The financial services provider had revenue of $281.30 million for the quarter, compared to the consensus estimate of $266.28 million. Simply Good Foods had a trailing twelve-month return on equity of 10.75% and a net margin of 10.38%. Simply Good Foods's revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 earnings per share.

Simply Good Foods issued an update on its FY 2023 earnings guidance on Thursday, January, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.24B-, compared to the consensus revenue estimate of $1.25 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Simply Good Foods investors own include Marvell Technology (MRVL), NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA), Abbott Laboratories (ABT), Advanced Micro Devices (AMD), Pfizer (PFE), Block (SQ), AT&T (T) and Uber Technologies (UBER).

Simply Good Foods trades on the NASDAQ under the ticker symbol "SMPL."

Simply Good Foods' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Congress Asset Management Co. MA (0.74%), Allspring Global Investments Holdings LLC (0.45%), Handelsinvest Investeringsforvaltning (0.29%), AMI Asset Management Corp (0.12%), New York State Teachers Retirement System (0.11%) and Natixis Advisors L.P. (0.06%). Insiders that own company stock include Brian K Ratzan, C Scott Parker, Clayton C Daley Jr, Conyers Park Sponsor Llc, James D White, James E Healey, James M Kilts, Jill M Short, Joseph Scalzo, Linda Zink, Robert G Montgomery and Timothy Allen Matthews.
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Shares of SMPL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SMPL stock can currently be purchased for approximately $35.99.

Simply Good Foods (NASDAQ:SMPL) has a market capitalization of $3.58 billion and generates $1.17 billion in revenue each year. The financial services provider earns $108.57 million in net income (profit) each year or $1.22 on an earnings per share basis.

The company employs 263 workers across the globe.

Simply Good Foods' mailing address is 1225 17th Street Suite 1000, Denver CO, 80202. The official website for the company is www.thesimplygoodfoodscompany.com. The financial services provider can be reached via phone at (303) 633-2840 or via email at mpogharian@simplygoodfoodsco.com.