Simply Good Foods Co [SMPL] stock is trading at $34.05, up 0.18%. An important factor to consider is whether the stock is rising or falling in short-term value. The SMPL shares have gain 2.56% over the last week, with a monthly amount drifted -5.31%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Simply Good Foods Co [NASDAQ: SMPL] stock has seen the most recent analyst activity on January 02, 2024, when Deutsche Bank downgraded its rating to a Hold and also boosted its price target to $42 from $41. Previously, DA Davidson started tracking the stock with Neutral rating on December 08, 2023, and set its price target to $42. On September 18, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $40 on the stock. Needham initiated its recommendation with a Buy and recommended $42 as its price target on December 14, 2022. Stephens upgraded its rating to Overweight for this stock on June 27, 2022, and upped its price target to $45. In a note dated March 30, 2022, UBS initiated an Buy rating and provided a target price of $44 on this stock.
Simply Good Foods Co [SMPL] stock has fluctuated between $31.06 and $43.00 over the past year. Currently, Wall Street analysts expect the stock to reach $43.8 within the next 12 months. Simply Good Foods Co [NASDAQ: SMPL] shares were valued at $34.05 at the most recent close of the market. An investor can expect a potential return of 28.63% based on the average SMPL price forecast.
Analyzing the SMPL fundamentals
Simply Good Foods Co [NASDAQ:SMPL] reported sales of 1.25B for the trailing twelve months, which represents a growth of 2.59%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.09 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.17.
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 33.87 points at the first support level, and at 33.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.34, and for the 2nd resistance point, it is at 34.64.
Simply Good Foods Co [SMPL] reported earnings per share of $0.43 for its fiscal quarter that ended on 11/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.41/share, meaning a difference of $0.02 and a surprise factor of 4.90%. By comparison, the stated earnings for the previous quarter ended on 8/30/2023 were $0.45 per share as compared to estimates of $0.45 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
For context, Simply Good Foods Co’s Current Ratio is 5.02. On the other hand, the Quick Ratio is 3.46, and the Cash Ratio is 1.54. Considering the valuation of this stock, the price to sales ratio is 2.72, the price to book ratio is 2.11 and price to earnings (TTM) ratio is 25.79.
Transactions by insiders
Recent insider trading involved Montgomery Robert G., Director, that happened on Jan 25 ’24 when 2500.0 shares were sold. SVP and Chief HR Officer, Hunsberger Susan completed a deal on Jan 11 ’24 to sell 35010.0 shares. Meanwhile, SVP & General Manager, Quest Heflin Stuart E. Jr. sold 1048.0 shares on Jan 08 ’24.
