Wall Street brokerages predict that Simply Good Foods Co (NASDAQ:SMPL) will report sales of $107.72 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Simply Good Foods’ earnings. The highest sales estimate is $112.00 million and the lowest is $105.36 million. The business is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Simply Good Foods will report full year sales of $430.88 million for the current fiscal year, with estimates ranging from $428.53 million to $435.10 million. For the next fiscal year, analysts anticipate that the firm will post sales of $455.77 million per share, with estimates ranging from $447.82 million to $469.80 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Simply Good Foods.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Tuesday, July 10th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The business had revenue of $107.20 million during the quarter, compared to the consensus estimate of $102.24 million. Simply Good Foods had a return on equity of 2.44% and a net margin of 10.02%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year.

Several research firms recently issued reports on SMPL. Consumer Edge began coverage on Simply Good Foods in a research note on Monday, July 2nd. They issued an “outperform” rating for the company. Zacks Investment Research upgraded Simply Good Foods from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Wednesday, July 11th. Stifel Nicolaus boosted their price target on Simply Good Foods from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, July 11th. Finally, SunTrust Banks boosted their price target on Simply Good Foods to $20.00 and gave the company a “buy” rating in a research note on Wednesday, July 11th. Seven analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $16.83.

SMPL traded up $0.21 during trading on Thursday, hitting $17.85. The stock had a trading volume of 312,118 shares, compared to its average volume of 559,928. Simply Good Foods has a one year low of $10.93 and a one year high of $18.24. The company has a debt-to-equity ratio of 0.29, a quick ratio of 5.01 and a current ratio of 5.88.

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Simply Good Foods by 24.4% during the 2nd quarter. Bank of America Corp DE now owns 16,619 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 3,260 shares during the period. Bank of Montreal Can bought a new stake in shares of Simply Good Foods during the 2nd quarter valued at $124,000. Legal & General Group Plc lifted its position in shares of Simply Good Foods by 979.2% during the 2nd quarter. Legal & General Group Plc now owns 9,907 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 8,989 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Simply Good Foods by 29.9% during the 4th quarter. Bank of New York Mellon Corp now owns 41,115 shares of the financial services provider’s stock valued at $586,000 after acquiring an additional 9,462 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Simply Good Foods during the 1st quarter valued at $143,000. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Simply Good Foods Company Profile

The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.

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Earnings History and Estimates for Simply Good Foods (NASDAQ:SMPL)

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