Simply Good Foods Co [SMPL] stock is trading at $37.50, down -0.32%. 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 12.58% over the last week, with a monthly amount drifted -2.22%, and not seem to be holding up well over a long-time horizon.
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.
Simply Good Foods Co [SMPL] stock has fluctuated between $30.00 and $41.24 over the past year. Currently, Wall Street analysts expect the stock to reach $39 within the next 12 months. Simply Good Foods Co [NASDAQ: SMPL] shares were valued at $37.50 at the most recent close of the market. An investor can expect a potential return of 4.0% based on the average SMPL price forecast.
Analyzing the SMPL fundamentals
Simply Good Foods Co [NASDAQ:SMPL] reported sales of 1.36B for the trailing twelve months, which represents a growth of 10.56%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.08 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.2.
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 37.15 points at the first support level, and at 36.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.83, and for the 2nd resistance point, it is at 38.16.
Ratios To Look Out For
For context, Simply Good Foods Co’s Current Ratio is 4.23. As well, the Quick Ratio is 2.75, while the Cash Ratio is 1.16. Considering the valuation of this stock, the price to sales ratio is 2.78, the price to book ratio is 2.13 and price to earnings (TTM) ratio is 26.79.
Transactions by insiders
Recent insider trading involved KRAFT TIMOTHY RICHARD, Chf Legal & Corp. Affairs Of., that happened on Nov 18 ’24 when 76761.0 shares were sold. Officer, KRAFT TIMOTHY RICHARD completed a deal on Nov 18 ’24 to buy 76761.0 shares. Meanwhile, Director Ratzan Brian K. sold 50000.0 shares on Nov 14 ’24.
