Simply Good Foods Co (NASDAQ:SMPL) – Investment analysts at Jefferies Financial Group lowered their Q3 2020 earnings per share estimates for shares of Simply Good Foods in a research report issued on Monday, June 29th. Jefferies Financial Group analyst R. Dickerson now expects that the financial services provider will earn $0.14 per share for the quarter, down from their previous estimate of $0.23. Jefferies Financial Group has a “Buy” rating and a $23.00 price target on the stock. Jefferies Financial Group also issued estimates for Simply Good Foods’ Q4 2020 earnings at $0.16 EPS, FY2020 earnings at $0.75 EPS, Q1 2021 earnings at $0.27 EPS, Q3 2021 earnings at $0.24 EPS, Q4 2021 earnings at $0.24 EPS, FY2021 earnings at $1.00 EPS, Q1 2022 earnings at $0.31 EPS, Q3 2022 earnings at $0.27 EPS and FY2022 earnings at $1.14 EPS.
Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Monday, April 6th. The financial services provider reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.06. Simply Good Foods had a net margin of 3.86% and a return on equity of 5.90%. The company had revenue of $227.10 million for the quarter, compared to analysts’ expectations of $220.22 million. During the same period last year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was up 83.4% on a year-over-year basis.
Shares of SMPL opened at $18.84 on Wednesday. Simply Good Foods has a 12 month low of $14.08 and a 12 month high of $31.34. The firm’s 50 day moving average is $17.37 and its 200-day moving average is $20.74. The stock has a market capitalization of $1.64 billion, a PE ratio of 64.97 and a beta of 0.61. The company has a current ratio of 3.17, a quick ratio of 2.10 and a debt-to-equity ratio of 0.52.
Several large investors have recently modified their holdings of SMPL. Silvercrest Asset Management Group LLC lifted its holdings in shares of Simply Good Foods by 435.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 3,326,718 shares of the financial services provider’s stock worth $64,072,000 after purchasing an additional 2,705,131 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Simply Good Foods by 2,613.1% during the first quarter. Wellington Management Group LLP now owns 1,936,563 shares of the financial services provider’s stock worth $37,298,000 after purchasing an additional 1,865,185 shares during the period. Champlain Investment Partners LLC raised its stake in Simply Good Foods by 46.5% during the fourth quarter. Champlain Investment Partners LLC now owns 3,878,285 shares of the financial services provider’s stock worth $110,686,000 after buying an additional 1,230,340 shares during the last quarter. Capital Research Global Investors bought a new position in Simply Good Foods during the fourth quarter worth $34,248,000. Finally, Capital World Investors raised its stake in Simply Good Foods by 32.0% during the first quarter. Capital World Investors now owns 4,951,000 shares of the financial services provider’s stock worth $95,356,000 after buying an additional 1,200,000 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.
In other Simply Good Foods news, Director James E. Healey purchased 5,000 shares of the business’s stock in a transaction dated Thursday, April 9th. The shares were bought at an average price of $16.86 per share, for a total transaction of $84,300.00. Following the completion of the acquisition, the director now owns 52,678 shares in the company, valued at $888,151.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James M. Kilts purchased 32,507 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were acquired at an average price of $16.57 per share, for a total transaction of $538,640.99. Following the acquisition, the director now owns 840,899 shares of the company’s stock, valued at approximately $13,933,696.43. The disclosure for this purchase can be found here. Insiders acquired 143,149 shares of company stock worth $2,468,522 in the last 90 days. Company insiders own 3.00% of the company’s stock.
Simply Good Foods Company Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
Recommended Story: What is the yield curve?
Receive News & Ratings for Simply Good Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simply Good Foods and related companies with MarketBeat.com's FREE daily email newsletter.