NASDAQ:SMPL

Simply Good Foods (SMPL) Stock Forecast, Price & News

$35.95

-0.86 (-2.34%)

(As of 06/5/2023 ET)

Compare

Today's Range: $35.69
▼
$36.42
50-Day Range: $35.52
▼
$39.87
52-Week Range: $29.21
▼
$41.91

Volume: 361,656 shs
Average Volume: 600,865 shs
Market Capitalization: $3.58 billion

P/E Ratio: 27.87
Dividend Yield: N/A
Price Target: $42.00

Simply Good Foods MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 16.8% Upside
$42.00 Price Target
Short Interest: Bearish
2.69% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.53
Based on 6 Articles This Week
Insider Trading: Selling Shares
$2.49 M Sold Last Quarter
Proj. Earnings Growth: 11.76%
From $1.53 to $1.71 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.14 out of 5 stars

Consumer Staples Sector

75th out of 138 stocks

Food & Kindred Products Industry

8th out of 17 stocks

2.4

Analyst's Opinion

Consensus Rating
Simply Good Foods has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.00, Simply Good Foods has a forecasted upside of 16.8% from its current price of $35.95.
Amount of Analyst Coverage
Simply Good Foods has only been the subject of 4 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.69% of the float of Simply Good Foods has been sold short.
Short Interest Ratio / Days to Cover
Simply Good Foods has a short interest ratio ("days to cover") of 4.4.
Change versus previous month
Short interest in Simply Good Foods has recently increased by 8.05%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Simply Good Foods does not currently pay a dividend.
Dividend Growth
Simply Good Foods does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SMPL.

3.1

News and Social Media Coverage

News Sentiment
Simply Good Foods has a news sentiment score of 1.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Simply Good Foods this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for SMPL on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Simply Good Foods to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Simply Good Foods insiders have sold 897.02% more of their company's stock than they have bought. Specifically, they have bought $250,007.00 in company stock and sold $2,492,631.00 in company stock.
Percentage Held by Insiders
Only 3.99% of the stock of Simply Good Foods is held by insiders.
Percentage Held by Institutions
84.76% of the stock of Simply Good Foods is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Simply Good Foods are expected to grow by 11.76% in the coming year, from $1.53 to $1.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Simply Good Foods is 27.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Simply Good Foods is 27.87, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 18.52.
Price to Book Value per Share Ratio
Simply Good Foods has a P/B Ratio of 2.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Simply Good Foods (NASDAQ:SMPL) Stock

The Simply Good Foods Co. is a consumer packaged food and beverage company, which engages in the development, marketing, and sale of nutritional food and snacking products. Its products include nutrition bars, ready-to-drink shakes, snacks, confectionery, and frozen meals under the Atkins and Quest brands. The company was founded on March 30, 2017 and is headquartered in Denver, CO.

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SMPL Stock News Headlines

June 4, 2023 | americanbankingnews.com

The Simply Good Foods Company (NASDAQ:SMPL) Receives $42.00 Average PT from Brokerages

May 30, 2023 | finance.yahoo.com

Simply Good Foods (SMPL) Stock Moves -0.88%: What You Should Know

June 6, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...

May 23, 2023 | finance.yahoo.com

Simply Good Foods (SMPL) Gains As Market Dips: What You Should Know

May 17, 2023 | morningstar.com

The Simply Good Foods Co

May 17, 2023 | americanbankingnews.com

The Simply Good Foods Company (NASDAQ:SMPL) Director Brian K. Ratzan Sells 15,133 Shares

May 15, 2023 | finance.yahoo.com

Simply Good Foods (SMPL) Outpaces Stock Market Gains: What You Should Know

May 13, 2023 | americanbankingnews.com

Robert G. Montgomery Sells 5,000 Shares of The Simply Good Foods Company (NASDAQ:SMPL) Stock

June 6, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

May 9, 2023 | finance.yahoo.com

Simply Good Foods (SMPL) Stock Moves -0.34%: What You Should Know

May 9, 2023 | americanbankingnews.com

Financial Review: Steakholder Foods (NASDAQ:STKH) vs. Simply Good Foods (NASDAQ:SMPL)

May 8, 2023 | americanbankingnews.com

Insider Selling: The Simply Good Foods Company (NASDAQ:SMPL) Insider Sells $503,214.40 in Stock

May 8, 2023 | americanbankingnews.com

The Simply Good Foods Company (NASDAQ:SMPL) Receives $42.00 Consensus Price Target from Analysts

May 1, 2023 | finance.yahoo.com

The Simply Good Foods Company's (NASDAQ:SMPL) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

April 15, 2023 | msn.com

Stifel Reiterates Simply Good Foods (SMPL) Buy Recommendation

April 15, 2023 | americanbankingnews.com

The Simply Good Foods Company (NASDAQ:SMPL) Receives $41.92 Average Price Target from Brokerages

April 14, 2023 | americanbankingnews.com

Simply Good Foods (NASDAQ:SMPL) Coverage Initiated by Analysts at Stifel Nicolaus

April 13, 2023 | americanbankingnews.com

Jeremy Scott Ivie Sells 2,823 Shares of The Simply Good Foods Company (NASDAQ:SMPL) Stock

April 13, 2023 | americanbankingnews.com

Geoff E. Tanner Acquires 6,912 Shares of The Simply Good Foods Company (NASDAQ:SMPL) Stock

April 12, 2023 | finance.yahoo.com

Geoff Tanner Just Bought A Sprinkling of Shares In The Simply Good Foods Company (NASDAQ:SMPL)

April 9, 2023 | americanbankingnews.com

UBS Group Trims Simply Good Foods (NASDAQ:SMPL) Target Price to $43.00

April 9, 2023 | americanbankingnews.com

Simply Good Foods (NASDAQ:SMPL) Earns "Buy" Rating from Needham & Company LLC

April 7, 2023 | markets.businessinsider.com

Mizuho Securities Sticks to Its Buy Rating for Simply Good Foods (SMPL)

April 7, 2023 | americanbankingnews.com

Simply Good Foods (NASDAQ:SMPL) Price Target Cut to $42.00 by Analysts at Deutsche Bank Aktiengesellschaft

April 7, 2023 | americanbankingnews.com

Simply Good Foods (NASDAQ:SMPL) Shares Gap Down to $38.69

April 7, 2023 | finance.yahoo.com

The Simply Good Foods Company (NASDAQ:SMPL) Q2 2023 Earnings Call Transcript

April 6, 2023 | markets.businessinsider.com

Analysts Offer Insights on Consumer Goods Companies: Energizer Holdings (ENR), Simply Good Foods (SMPL) and MYT Netherlands (MYTE)

See More Headlines

SMPL Price History

30 days | 90 days | 365 days | Advanced Chart

SMPL Company Calendar

Last Earnings: 4/05/2023
Today: 6/05/2023
Next Earnings (Estimated): 6/29/2023
Fiscal Year End: 8/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Food & kindred products
Sub-Industry: Thrifts & Mortgage Finance
Sector: Consumer Staples
Current Symbol: NASDAQ:SMPL
CUSIP: 82886710
CIK: 1702744
Web: www.thesimplygoodfoodscompany.com
Phone: (303) 633-2840
Fax: N/A
Employees: 263
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $42.00
High Stock Price Forecast: $46.00
Low Stock Price Forecast: $34.00
Forecasted Upside/Downside: +16.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.29
Trailing P/E Ratio: 27.87
Forward P/E Ratio: 23.50
P/E Growth: N/A
Net Income: $108.57 million
Net Margins: 10.98%
Pretax Margin: 14.10%
Return on Equity: 10.11%
Return on Assets: 7.03%

Debt

Debt-to-Equity Ratio: 0.24
Current Ratio: 4.47
Quick Ratio: 3.06

Sales & Book Value

Annual Sales: $1.17 billion
Price / Sales: 3.06
Cash Flow: $1.77 per share
Price / Cash Flow: 20.36
Book Value: $14.46 per share
Price / Book: 2.49

Miscellaneous

Outstanding Shares: 99,500,000
Free Float: 95,530,000
Market Cap: $3.58 billion
Optionable: Optionable
Beta: 0.77

Key Executives

Joseph E. Scalzo
Chief Executive Officer & Director

Geoff E. Tanner
President, Chief Executive Officer, COO & Director

Shaun P. Mara
Chief Financial Officer

Jeremy Ivie
Chief Product Technology Officer

Timothy R. Kraft
Secretary, Chief Legal Officer & General Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SMPL Stock - Frequently Asked Questions

Should I buy or sell Simply Good Foods stock right now?: 12 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 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SMPL shares.
View SMPL analyst ratings or view top-rated stocks.
What is Simply Good Foods' stock price forecast for 2023?: 12 Wall Street research analysts have issued 1 year target prices for Simply Good Foods' stock. Their SMPL share price forecasts range from $34.00 to $46.00. On average, they anticipate the company's stock price to reach $42.00 in the next year. This suggests a possible upside of 16.8% from the stock's current price.
View analysts price targets for SMPL or view top-rated stocks among Wall Street analysts.
How have SMPL shares performed in 2023?: Simply Good Foods' stock was trading at $38.03 at the beginning of 2023. Since then, SMPL stock has decreased by 5.5% and is now trading at $35.95.
View the best growth stocks for 2023 here.
When is Simply Good Foods' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, June 29th 2023.
View our SMPL earnings forecast.
How were Simply Good Foods' earnings last quarter?: The Simply Good Foods Company (NASDAQ:SMPL) issued its earnings results on Wednesday, April, 5th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The financial services provider had revenue of $296.58 million for the quarter, compared to the consensus estimate of $290.68 million. Simply Good Foods had a trailing twelve-month return on equity of 10.11% and a net margin of 10.98%.
What ETFs hold Simply Good Foods' stock?: ETFs with the largest weight of Simply Good Foods (NASDAQ:SMPL) stock in their portfolio include Invesco S&P SmallCap Consumer Staples ETF (PSCC), Neuberger Berman Next Generation Connected Consumer ETF (NBCC), Global X Health & Wellness ETF (BFIT), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Vanguard S&P Small-Cap 600 Growth ETF (VIOG), iShares S&P Small-Cap 600 Growth ETF (IJT), SPDR S&P 600 Small Cap Growth ETF (SLYG) and SPDR S&P SmallCap 600 ESG ETF (ESIX).
What guidance has Simply Good Foods issued on next quarter's earnings?: Simply Good Foods updated its FY 2023 earnings guidance on Wednesday, April, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.24B-, compared to the consensus revenue estimate of $1.25 billion.

What other stocks do shareholders of Simply Good Foods own?: 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).
What is Simply Good Foods' stock symbol?: Simply Good Foods trades on the NASDAQ under the ticker symbol "SMPL."
Who are Simply Good Foods' major shareholders?: Simply Good Foods' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (13.73%), State Street Corp (2.96%), Silvercrest Asset Management Group LLC (2.64%), Champlain Investment Partners LLC (2.63%), Dimensional Fund Advisors LP (2.42%) and Tiedemann Advisors LLC (2.10%). Insiders that own company stock include Brian K Ratzan, C Scott Parker, Conyers Park Sponsor Llc, Geoff E Tanner, Jeremy Scott Ivie, Jill M Short, Joseph Scalzo, Linda Zink, Robert G Montgomery, Timothy Allen Matthews and Timothy Richard Kraft.
View institutional ownership trends.
How do I buy shares of Simply Good Foods?: 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.
Compare Top Brokerages Here.
What is Simply Good Foods' stock price today?: One share of SMPL stock can currently be purchased for approximately $35.95.
How much money does Simply Good Foods make?: 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 $1.29 on an earnings per share basis.
How many employees does Simply Good Foods have?: The company employs 263 workers across the globe.
How can I contact Simply Good Foods?: 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.

This page (NASDAQ:SMPL) was last updated on 6/6/2023 by MarketBeat.com Staff

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