Q1 2019 EPS Estimates for Simply Good Foods Co (NASDAQ:SMPL) Decreased by Analyst

Simply Good Foods Co (NASDAQ:SMPL) – Equities researchers at SunTrust Banks cut their Q1 2019 earnings per share (EPS) estimates for Simply Good Foods in a report issued on Monday, October 15th, according to Zacks Investment Research. SunTrust Banks analyst W. Chappell now forecasts that the financial services provider will post earnings per share of $0.19 for the quarter, down from their previous forecast of $0.20. SunTrust Banks also issued estimates for Simply Good Foods’ Q3 2019 earnings at $0.13 EPS and FY2019 earnings at $0.59 EPS.

A number of other research firms have also recently weighed in on SMPL. Buckingham Research assumed coverage on shares of Simply Good Foods in a research report on Wednesday, October 17th. They issued a “buy” rating and a $22.00 price objective for the company. Zacks Investment Research cut shares of Simply Good Foods from a “buy” rating to a “sell” rating in a research report on Wednesday, October 10th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $18.33.

NASDAQ:SMPL traded down $0.07 on Thursday, reaching $19.82. The stock had a trading volume of 324,082 shares, compared to its average volume of 971,351. The company has a debt-to-equity ratio of 0.28, a current ratio of 6.07 and a quick ratio of 5.09. The stock has a market cap of $1.60 billion, a P/E ratio of 33.59 and a beta of 0.65. Simply Good Foods has a 12-month low of $11.75 and a 12-month high of $20.05.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $108.30 million during the quarter, compared to analysts’ expectations of $111.25 million. Simply Good Foods had a net margin of 16.33% and a return on equity of 6.73%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 EPS.

Several hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC lifted its position in shares of Simply Good Foods by 16.4% during the second quarter. Janus Henderson Group PLC now owns 4,415,752 shares of the financial services provider’s stock worth $63,763,000 after purchasing an additional 621,417 shares during the last quarter. BlackRock Inc. lifted its position in shares of Simply Good Foods by 1.2% during the third quarter. BlackRock Inc. now owns 3,944,291 shares of the financial services provider’s stock worth $76,716,000 after purchasing an additional 45,027 shares during the last quarter. Millennium Management LLC lifted its position in shares of Simply Good Foods by 62.8% during the first quarter. Millennium Management LLC now owns 2,804,550 shares of the financial services provider’s stock worth $38,506,000 after purchasing an additional 1,082,031 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Simply Good Foods by 196.3% during the third quarter. Victory Capital Management Inc. now owns 1,878,164 shares of the financial services provider’s stock worth $36,530,000 after purchasing an additional 1,244,264 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Simply Good Foods by 2.8% during the first quarter. The Manufacturers Life Insurance Company now owns 1,045,430 shares of the financial services provider’s stock worth $14,354,000 after purchasing an additional 28,489 shares during the last quarter. 80.58% of the stock is currently owned by institutional investors and hedge funds.

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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