As of right now, The Simply Good Foods Company [SMPL] is trading at $35.08, up 3.60%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SMPL shares have gain 6.24% over the last week, with a monthly amount drifted -0.31%, and not seem to be holding up well over a long-time horizon.
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On 5, September 2023, Simply Good Foods Announces New Leadership Structure to Drive Immediate and Long-Term Growth. In a post published today on Yahoo Finance, The Simply Good Foods Company (NASDAQ: SMPL) (“Simply Good Foods” or the “Company”), a developer, marketer and seller of branded nutritional foods and snacking products under the Quest™ and Atkins™ brands, today announced changes to its leadership team structure to better support its near and long-term growth objectives. The intent of the change is to promote enhanced support for the Company’s commitment to deliver consistent growth and continuous product innovation across the immediate, mid-range, and long-term horizons, while maintaining operational excellence.
From an analyst’s perspective:
The Simply Good Foods Company [NASDAQ: SMPL] stock has seen the most recent analyst activity on September 18, 2023, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $40 from $37.
Through the last year, The Simply Good Foods Company’s stock price ranged from $29.21 to $40.15. Currently, Wall Street analysts expect the stock to reach $42.91 within the next 12 months. The Simply Good Foods Company [NASDAQ: SMPL] shares were valued at $35.08 at the most recent close of the market. An investor can expect a potential return of 22.32% based on the average SMPL price forecast.
Analyzing the SMPL fundamentals
For The Simply Good Foods Company, (SMPL), the latest quarter sales were 324.79 billion, which represents an 2.60% increase. In this publicly-traded organization, revenue per employee is $4,494,915, while income per employee is $417,592. Gross Margin for this corporation currently stands at +36.65% with Operating Margin at +17.40%, Pretax Margin comes in at +12.88%, and Net Margin reading is +9.29%. To continue investigating profitability, this company’s Return on Assets is posted at 5.17, Equity is 8.26, Total Capital is 11.35, and Invested Capital is 6.08. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 23.99 and enduring liabilities to the whole assets at 21.40.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.64 points at the first support level, and at 34.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.61, and for the 2nd resistance point, it is at 36.14.
The Simply Good Foods Company [SMPL] reported earnings per share of $0.44 for its fiscal quarter that ended on 5/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.41/share, meaning a difference of $0.03 and a surprise factor of 7.30%. By comparison, the stated earnings for the previous quarter ended on 2/27/2023 were $0.32 per share as compared to estimates of $0.29 per share, a difference of $0.03 representing a surprise of 10.30%.
Ratios To Look Out For
It is important to note that The Simply Good Foods Company [NASDAQ:SMPL] has a current ratio of 4.90. Also, the Quick Ratio is 2.21, while the Cash Ratio stands at 0.66. Considering the valuation of this stock, the price to sales ratio is 2.71, the price to book ratio is 2.18 and the P/E (TTM) ratio is 27.91.
Transactions by insiders
We now turn our attention to insider trading, which in the past 3 months has resulted in 2 insider buyings of 16,431 shares and 2 insider sellings of 305,410 shares. Recent insider trading involved Ratzan Brian K., Director, that happened on Jul 24 when 0.3 million shares were sold. Chief Customer Officer, Short Jill M. completed a deal on Jul 06 to sell 5410.0 shares. Meanwhile, President and COO Tanner Geoff E bought 6850.0 shares on Jul 03.