Simply Good Foods Co (NASDAQ:SMPL) – Investment analysts at SunTrust Banks raised their FY2019 earnings estimates for Simply Good Foods in a research report issued to clients and investors on Wednesday, October 24th. SunTrust Banks analyst W. Chappell now expects that the financial services provider will earn $0.60 per share for the year, up from their prior estimate of $0.59. SunTrust Banks currently has a “Buy” rating and a $20.00 price objective on the stock. SunTrust Banks also issued estimates for Simply Good Foods’ Q4 2019 earnings at $0.17 EPS.

Several other research firms have also commented on SMPL. Zacks Investment Research lowered shares of Simply Good Foods from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Stifel Nicolaus upped their price target on shares of Simply Good Foods from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. Buckingham Research initiated coverage on shares of Simply Good Foods in a report on Wednesday, October 17th. They issued a “buy” rating and a $22.00 price target on the stock. Finally, Consumer Edge initiated coverage on shares of Simply Good Foods in a report on Monday, July 2nd. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $18.33.

NASDAQ:SMPL opened at $17.02 on Monday. Simply Good Foods has a one year low of $11.01 and a one year high of $19.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 5.01 and a current ratio of 6.07. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 29.34 and a beta of 0.56.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Wednesday, October 24th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. Simply Good Foods had a return on equity of 6.73% and a net margin of 16.33%. The firm had revenue of $108.30 million for the quarter, compared to the consensus estimate of $111.25 million. During the same period in the prior year, the firm earned $0.11 EPS. The firm’s revenue was up 11.0% on a year-over-year basis.

A number of large investors have recently bought and sold shares of the business. Waratah Capital Advisors Ltd. purchased a new stake in Simply Good Foods in the third quarter valued at $7,146,000. Bank of Montreal Can boosted its holdings in Simply Good Foods by 102.7% in the third quarter. Bank of Montreal Can now owns 17,491 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 8,861 shares during the last quarter. Northern Trust Corp boosted its holdings in Simply Good Foods by 410.4% in the second quarter. Northern Trust Corp now owns 649,776 shares of the financial services provider’s stock valued at $9,382,000 after purchasing an additional 522,472 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Simply Good Foods by 396.5% in the second quarter. Bank of New York Mellon Corp now owns 217,790 shares of the financial services provider’s stock valued at $3,144,000 after purchasing an additional 173,925 shares during the last quarter. Finally, Davidson Kempner Capital Management LP boosted its stake in shares of Simply Good Foods by 62.5% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 650,000 shares of the financial services provider’s stock worth $9,380,000 after acquiring an additional 250,000 shares in the last quarter. 91.85% of the stock is currently owned by institutional investors.

About Simply Good Foods

The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.

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Earnings History and Estimates for Simply Good Foods (NASDAQ:SMPL)

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