The Simply Good Foods (NASDAQ:SMPL) updated its FY21 earnings guidance on Wednesday. The company provided EPS guidance of $1.07-1.11 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.03. The company issued revenue guidance of $930-940 million, compared to the consensus revenue estimate of $927.84 million.The Simply Good Foods also updated its FY 2021
Pre-Market guidance to 1.07-1.11 EPS.
Several brokerages have weighed in on SMPL. Smith Barney Citigroup upped their target price on shares of The Simply Good Foods from $29.00 to $35.00 in a research report on Thursday, January 7th. Stifel Nicolaus lowered shares of The Simply Good Foods from a buy rating to a hold rating and upped their target price for the stock from $26.00 to $30.00 in a research report on Thursday, January 7th. Credit Suisse Group began coverage on shares of The Simply Good Foods in a research report on Tuesday. They set a neutral rating and a $31.00 target price on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on shares of The Simply Good Foods from $29.00 to $35.00 in a research report on Thursday, January 7th. Finally, Wells Fargo & Company increased their price target on shares of The Simply Good Foods from $30.00 to $35.00 and gave the company an overweight rating in a research report on Thursday, January 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $31.71.
Shares of NASDAQ SMPL opened at $31.48 on Thursday. The Simply Good Foods has a 1 year low of $15.65 and a 1 year high of $35.25. The firm’s 50 day moving average price is $30.60 and its 200 day moving average price is $26.39. The firm has a market cap of $3.01 billion, a P/E ratio of 49.97 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.69 and a current ratio of 3.70.
About The Simply Good Foods
The Simply Good Foods Company operates as a consumer packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers primarily nutrition bars, ready-to-drink (RTD) shakes, sweet and salty snacks, protein bars, cookies, pizza, protein chips, recipes, and confectionery products, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names.
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