Equities research analysts predict that Simply Good Foods Co (NASDAQ:SMPL) will report earnings of $0.16 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Simply Good Foods’ earnings, with estimates ranging from $0.14 to $0.17. Simply Good Foods reported earnings of $0.15 per share during the same quarter last year, which would indicate a positive year over year growth rate of 6.7%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, October 23rd.

According to Zacks, analysts expect that Simply Good Foods will report full year earnings of $0.69 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.74. For the next financial year, analysts forecast that the company will report earnings of $0.73 per share, with EPS estimates ranging from $0.70 to $0.80. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Simply Good Foods.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Tuesday, July 2nd. The financial services provider reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The firm had revenue of $139.50 million for the quarter, compared to analyst estimates of $120.85 million. Simply Good Foods had a net margin of 10.79% and a return on equity of 6.81%. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS.

SMPL has been the topic of several research reports. ValuEngine lowered shares of Simply Good Foods from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Co began coverage on shares of Simply Good Foods in a research note on Monday. They set an “outperform” rating and a $35.00 price target on the stock. Buckingham Research increased their price target on shares of Simply Good Foods from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Sanford C. Bernstein began coverage on shares of Simply Good Foods in a research note on Monday, August 12th. They set an “outperform” rating on the stock. Finally, SunTrust Banks restated a “hold” rating and set a $25.00 price target on shares of Simply Good Foods in a research note on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Simply Good Foods currently has an average rating of “Buy” and an average target price of $29.00.

Simply Good Foods stock traded up $0.15 during trading hours on Friday, hitting $30.48. The company had a trading volume of 11,158 shares, compared to its average volume of 523,733. The firm has a market capitalization of $2.52 billion, a P/E ratio of 52.84 and a beta of 0.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 8.63 and a quick ratio of 7.57. The firm’s fifty day moving average is $27.93 and its 200-day moving average is $24.02. Simply Good Foods has a fifty-two week low of $16.55 and a fifty-two week high of $31.34.

In other news, COO Hanno E. Holm sold 15,983 shares of the stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $26.88, for a total transaction of $429,623.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Hanno E. Holm sold 1,750 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $27.87, for a total transaction of $48,772.50. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Atria Investments LLC bought a new stake in shares of Simply Good Foods during the 2nd quarter worth $1,857,000. Mackenzie Financial Corp bought a new stake in shares of Simply Good Foods during the 2nd quarter worth $348,000. Susquehanna International Group LLP boosted its holdings in shares of Simply Good Foods by 204.1% during the 2nd quarter. Susquehanna International Group LLP now owns 57,179 shares of the financial services provider’s stock worth $1,377,000 after buying an additional 38,379 shares during the period. Voloridge Investment Management LLC boosted its holdings in shares of Simply Good Foods by 39.6% during the 2nd quarter. Voloridge Investment Management LLC now owns 27,700 shares of the financial services provider’s stock worth $667,000 after buying an additional 7,860 shares during the period. Finally, Nuveen Asset Management LLC bought a new stake in shares of Simply Good Foods during the 2nd quarter worth $29,691,000. 87.42% of the stock is owned by institutional investors and hedge funds.

About Simply Good Foods

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.

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