NASDAQ:SMPL

Simply Good Foods - SMPL Stock Forecast, Price & News

$33.81

-0.36 (-1.05%)

(As of 08/15/2022 12:00 AM ET)

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Today's Range: $33.70
▼
$34.28
50-Day Range: $32.47
▼
$41.55
52-Week Range: $31.77
▼
$45.77

Volume: 561,283 shs
Average Volume: 662,542 shs
Market Capitalization: $3.39 billion

P/E Ratio: 34.86
Dividend Yield: N/A
Price Target: $45.44

Simply Good Foods MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.89 Rating Score
Upside/Downside: 34.4% Upside
$45.44 Price Target
Short Interest: Healthy
2.96% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 10.64%
From $1.41 to $1.56 Per Share

Overall MarketRank^™

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

2.55 out of 5 stars

Consumer Staples Sector

28th out of 150 stocks

Food & Kindred Products Industry

2nd out of 16 stocks

3.4

Analyst's Opinion

Consensus Rating
Simply Good Foods has received a consensus rating of Buy. The company's average rating score is 2.89, and is based on 8 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $45.44, Simply Good Foods has a forecasted upside of 34.4% from its current price of $33.81.
Amount of Analyst Coverage
Simply Good Foods has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.96% 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 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Simply Good Foods has recently decreased by 12.54%, indicating that investor sentiment is improving 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.

2.2

News and Social Media Coverage

News Sentiment
Simply Good Foods has a news sentiment score of 0.96. 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 0.48 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Simply Good Foods this week, compared to 2 articles on an average week.
Search Interest
Only 2 people have searched for SMPL on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Simply Good Foods insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.99% of the stock of Simply Good Foods is held by insiders.
Percentage Held by Institutions
86.72% 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 10.64% in the coming year, from $1.41 to $1.56 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Simply Good Foods is 34.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.69.
Price to Earnings Ratio vs. Sector
The P/E ratio of Simply Good Foods is 34.86, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 15.45.
Price to Book Value per Share Ratio
Simply Good Foods has a P/B Ratio of 2.72. 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 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, pizza, protein chips, recipes, and confectionery products, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names. The company distributes its products to various retail channels, such as mass merchandise, grocery and drug channels, club stores, convenience stores, gas stations, and other channels. It also sells its products through e-commerce channels, including atkins.com, questnutrition.com, and amazon.com. The Simply Good Foods Company is headquartered in Denver, Colorado.

Simply Good Foods Price Performance

NASDAQ:SMPL traded down $0.36 during trading hours on Monday, hitting $33.81. 561,283 shares of the company's stock traded hands, compared to its average volume of 662,542. The business's fifty day simple moving average is $36.12 and its two-hundred day simple moving average is $37.80. Simply Good Foods has a 52 week low of $31.77 and a 52 week high of $45.77. The company has a quick ratio of 2.12, a current ratio of 3.05 and a debt-to-equity ratio of 0.28. The firm has a market cap of $3.39 billion, a P/E ratio of 35.23 and a beta of 0.80.

Simply Good Foods (NASDAQ:SMPL - Get Rating) last released its quarterly earnings data on Thursday, June 30th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.35 by $0.09. Simply Good Foods had a return on equity of 11.55% and a net margin of 8.38%. The firm had revenue of $316.50 million for the quarter, compared to the consensus estimate of $293.88 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. The company's quarterly revenue was up 11.4% on a year-over-year basis. On average, research analysts anticipate that Simply Good Foods will post 1.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on SMPL. Seaport Res Ptn reissued a "buy" rating on shares of Simply Good Foods in a research note on Friday, July 8th. Morgan Stanley decreased their price target on Simply Good Foods from $41.00 to $39.00 and set an "equal weight" rating for the company in a research report on Friday, July 1st. Finally, Stephens raised Simply Good Foods from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $44.00 to $45.00 in a research report on Monday, June 27th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $45.44.

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SMPL Stock News Headlines

August 6, 2022 | americanbankingnews.com

The Simply Good Foods Company (NASDAQ:SMPL) Receives $45.44 Consensus Price Target from Brokerages

August 4, 2022 | nasdaq.com

The Simply Good Foods Company's (NASDAQ:SMPL) Intrinsic Value Is Potentially 98% Above Its Share Price

August 16, 2022 | Investing Daily (Ad)

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July 28, 2022 | finance.yahoo.com

Is There An Opportunity With The Simply Good Foods Company's (NASDAQ:SMPL) 50% Undervaluation?

July 11, 2022 | finance.yahoo.com

Do Options Traders Know Something About Simply Good Foods (SMPL) Stock We Don't?

July 1, 2022 | finance.yahoo.com

Simply Good Foods (NASDAQ:SMPL) Shareholders Will Want The ROCE Trajectory To Continue

June 30, 2022 | finance.yahoo.com

Simply Good Foods Earnings Beat, But SMPL Stock Dives On Inventories

June 30, 2022 | seekingalpha.com

Simply Good Foods slips as inventory issues overshadow earnings beat

August 16, 2022 | Investing Daily (Ad)

27 U.S. Cities Where Stocks Yield 26% a Year

June 30, 2022 | nasdaq.com

Simply Good Foods (SMPL) Shares Cross Below 200 DMA

June 30, 2022 | finance.yahoo.com

SMPL Earnings Beat Expectations But High Inventories A Concern

June 29, 2022 | seekingalpha.com

Simply Good Foods Q3 2022 Earnings Preview

June 29, 2022 | finance.yahoo.com

SMPL Stock Up With Earnings Due Thursday; Simply Good Foods Eyes Continued Strong Growth

June 27, 2022 | seekingalpha.com

Simply Good Foods upgraded to Overweight at Stephens

June 27, 2022 | markets.businessinsider.com

Why This Analyst Says It's 'Simply A Good Time To Buy' Simply Good Foods

June 27, 2022 | markets.businessinsider.com

Expert Ratings for Simply Good Foods

June 27, 2022 | finance.yahoo.com

SMPL Stock Jumps With Earnings Due This Week; Simply Good Foods Eyes Continued Strong Growth

June 21, 2022 | morningstar.com

The Simply Good Foods Co - Stock Financials SMPL

June 21, 2022 | morningstar.com

The Simply Good Foods Co - Stock Chart

June 17, 2022 | finance.yahoo.com

Simply Good Foods Near Buy Zone; Quarterly Report Due

June 16, 2022 | finance.yahoo.com

Simply Good Foods To Report Third Quarter Fiscal Year 2022 Financial Results On Thursday, June 30, 2022

June 9, 2022 | finance.yahoo.com

Has The Simply Good Foods Company (NASDAQ:SMPL) Stock's Recent Performance Got Anything to Do With Its Financial Health?

June 7, 2022 | finance.yahoo.com

Simply Good Foods (SMPL) Moves to Buy: Rationale Behind the Upgrade

May 20, 2022 | seekingalpha.com

The Simply Good Foods Company: A Good Company With A Hefty Price Tag

May 19, 2022 | investing.com

Simply Good Foods Stock Is Looking Good Down Here

May 5, 2022 | finance.yahoo.com

What Does The Simply Good Foods Company's (NASDAQ:SMPL) Share Price Indicate?

April 29, 2022 | finance.yahoo.com

The Simply Good Foods Company to Participate in the Goldman Sachs Staples Forum

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SMPL Company Calendar

Last Earnings: 6/30/2022
Today: 8/15/2022
Fiscal Year End: 8/31/2022
Next Earnings (Estimated): 10/28/2022

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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: $45.44
High Stock Price Forecast: $50.00
Low Stock Price Forecast: $39.00
Forecasted Upside/Downside: +34.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.89
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.97
Trailing P/E Ratio: 34.86
Forward P/E Ratio: 23.98
P/E Growth: N/A
Net Income: $40.88 million
Net Margins: 8.38%
Pretax Margin: 12.15%
Return on Equity: 11.55%
Return on Assets: 7.29%

Debt

Debt-to-Equity Ratio: 0.28
Current Ratio: 3.05
Quick Ratio: 2.12

Sales & Book Value

Annual Sales: $1.01 billion
Price / Sales: 3.37
Cash Flow: $1.56 per share
Price / Cash Flow: 21.69
Book Value: $12.41 per share
Price / Book: 2.72

Miscellaneous

Outstanding Shares: 100,371,000
Free Float: 96,366,000
Market Cap: $3.39 billion
Optionable: Optionable
Beta: 0.80

Key Executives

Mr. Joseph E. Scalzo (Age 63)
CEO, Pres & Director
Comp: $2.21M
Mr. Todd E. Cunfer (Age 57)
Chief Financial Officer
Comp: $1.04M
Mr. Timothy Richard Kraft (Age 42)
Chief Legal Officer, Corp. Sec. & Compliance Officer
Comp: $880.44k
Ms. Jill Short Clark (Age 54)
Chief Customer Officer
Comp: $754.26k
Mr. David L. Wallis (Age 59)
Sr. VP of Operations
Mr. Timothy A. Matthews (Age 42)
VP, Controller & Chief Accounting Officer
Mark Pogharian
VP of Investor Relations, Treasury & Bus. Devel.
Jennifer Livingston
Director of Communications
Ms. Linda M. Zink (Age 57)
Chief Marketing Officer
Ms. Susan K. Hunsberger (Age 60)
Sr. VP & Chief HR Officer

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?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Simply Good Foods in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street research 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 2022?: 9 equities research analysts have issued 12-month target prices for Simply Good Foods' stock. Their SMPL share price forecasts range from $39.00 to $50.00. On average, they expect the company's share price to reach $45.44 in the next year. This suggests a possible upside of 34.4% 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 2022?: Simply Good Foods' stock was trading at $41.57 on January 1st, 2022. Since then, SMPL stock has decreased by 18.7% and is now trading at $33.81.
View the best growth stocks for 2022 here.
When is Simply Good Foods' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, October 28th 2022.
View our SMPL earnings forecast.
How were Simply Good Foods' earnings last quarter?: The Simply Good Foods Company (NASDAQ:SMPL) posted its earnings results on Thursday, June, 30th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.09. The financial services provider had revenue of $316.50 million for the quarter, compared to analyst estimates of $293.88 million. Simply Good Foods had a trailing twelve-month return on equity of 11.55% and a net margin of 8.38%. The business's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS.
What guidance has Simply Good Foods issued on next quarter's earnings?: Simply Good Foods updated its FY 2022 earnings guidance on Thursday, July, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.15 billion-$1.16 billion, compared to the consensus revenue estimate of $1.15 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 a number of retail and institutional investors. Top institutional investors include Loomis Sayles & Co. L P (2.39%), Brown Advisory Inc. (1.71%), Victory Capital Management Inc. (1.69%), Eagle Asset Management Inc. (1.59%), Principal Financial Group Inc. (1.30%) and Emerald Advisers LLC (1.21%). 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, Nomi Ghez, Robert G Montgomery, Timothy Allen Matthews and Todd E Cunfer.
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 $33.81.
How much money does Simply Good Foods make?: Simply Good Foods (NASDAQ:SMPL) has a market capitalization of $3.39 billion and generates $1.01 billion in revenue each year. The financial services provider earns $40.88 million in net income (profit) each year or $0.97 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 8/16/2022 by MarketBeat.com Staff

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Simply Good Foods - SMPL Stock Forecast, Price & News

Simply Good Foods MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month