Simply Good Foods Co [SMPL] stock prices are up 3.35% to $33.33 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SMPL shares have gain 0.85% over the last week, with a monthly amount drifted -2.06%, 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 April 22, 2024, when TD Cowen initiated its Hold rating and assigned the stock a price target of $34. Previously, Deutsche Bank downgraded its rating to Hold on January 02, 2024, and elevated its price target to $42. On December 08, 2023, DA Davidson initiated with a Neutral rating and assigned a price target of $42 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $40 on September 18, 2023. Needham started tracking with a Buy rating for this stock on December 14, 2022, and assigned it a price target of $42. In a note dated June 27, 2022, Stephens upgraded an Overweight rating on this stock and boosted its target price from $44 to $45.
The stock price of Simply Good Foods Co [SMPL] has been fluctuating between $30.00 and $43.00 over the past year. Currently, Wall Street analysts expect the stock to reach $40.4 within the next 12 months. Simply Good Foods Co [NASDAQ: SMPL] shares were valued at $33.33 at the most recent close of the market. An investor can expect a potential return of 21.21% based on the average SMPL price forecast.
Analyzing the SMPL fundamentals
The Simply Good Foods Co [NASDAQ:SMPL] reported sales of 1.28B for trailing twelve months, representing a surge of 3.07%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.15%, 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 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.
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 32.52 points at the first support level, and at 31.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.94, and for the 2nd resistance point, it is at 34.54.
Ratios To Look Out For
It’s worth pointing out that Simply Good Foods Co [NASDAQ:SMPL]’s Current Ratio is 5.19. As well, the Quick Ratio is 4.05, while the Cash Ratio is 1.22. Considering the valuation of this stock, the price to sales ratio is 2.62, the price to book ratio is 1.97 and price to earnings (TTM) ratio is 22.99.
Transactions by insiders
Recent insider trading involved Heflin Stuart E. Jr., SVP & General Manager, Quest, that happened on Jul 31 ’24 when 1058.0 shares were sold. Officer, Heflin Stuart E. Jr. completed a deal on Jul 31 ’24 to buy 1058.0 shares. Meanwhile, Director WHITE JAMES D sold 4000.0 shares on May 10 ’24.
