The price of Simply Good Foods Co (NASDAQ: SMPL) closed at $32.59 in the last session, down -1.87% from day before closing price of $33.21. In other words, the price has decreased by -$0.62 from its previous closing price. On the day, 1718157 shares were traded.
Ratios:
We take a closer look at SMPL’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.64. For the most recent quarter (mrq), Quick Ratio is recorded 3.46 and its Current Ratio is at 5.02. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.19.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Deutsche Bank on January 02, 2024, Downgraded its rating to Hold and sets its target price to $42 from $41 previously.
On December 08, 2023, DA Davidson started tracking the stock assigning a Neutral rating and target price of $42.
Morgan Stanley Upgraded its Equal-Weight to Overweight on September 18, 2023, whereas the target price for the stock was revised from $37 to $40.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 25 ’24 when Montgomery Robert G. sold 2,500 shares for $39.36 per share. The transaction valued at 98,400 led to the insider holds 52,738 shares of the business.
Hunsberger Susan sold 35,010 shares of SMPL for $1,422,369 on Jan 11 ’24. The SVP and Chief HR Officer now owns 30,768 shares after completing the transaction at $40.63 per share. On Jan 08 ’24, another insider, Heflin Stuart E. Jr., who serves as the SVP & General Manager, Quest of the company, sold 1,048 shares for $40.45 each. As a result, the insider received 42,396 and left with 21,084 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SMPL now has a Market Capitalization of 3.31B and an Enterprise Value of 3.46B. As of this moment, Simply’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.69, and their Forward P/E ratio for the next fiscal year is 16.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.60 while its Price-to-Book (P/B) ratio in mrq is 2.02. Its current Enterprise Value per Revenue stands at 2.77 whereas that against EBITDA is 14.80.
Stock Price History:
The Beta on a monthly basis for SMPL is 0.68, which has changed by -10.50% over the last 52 weeks, in comparison to a change of 26.95% over the same period for the S&P500. Over the past 52 weeks, SMPL has reached a high of $43.00, while it has fallen to a 52-week low of $31.06. The 50-Day Moving Average of the stock is 35.19, while the 200-Day Moving Average is calculated to be 36.71.
Shares Statistics:
According to the various share statistics, SMPL traded on average about 864.34K shares per day over the past 3-months and 978.77k shares per day over the past 10 days. A total of 99.56M shares are outstanding, with a floating share count of 90.47M. Insiders hold about 9.36% of the company’s shares, while institutions hold 88.94% stake in the company. Shares short for SMPL as of Mar 15, 2024 were 4.39M with a Short Ratio of 5.08, compared to 3.57M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.40% and a Short% of Float of 6.68%.
Earnings Estimates
The company has 10 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.38 for the current quarter, with a high estimate of $0.41 and a low estimate of $0.36, while EPS last year was $0.32. The consensus estimate for the next quarter is $0.49, with high estimates of $0.52 and low estimates of $0.48.
Analysts are recommending an EPS of between $1.85 and $1.77 for the fiscal current year, implying an average EPS of $1.81. EPS for the following year is $1.99, with 11 analysts recommending between $2.08 and $1.88.
Revenue Estimates
A total of 12 analysts have provided revenue estimates for SMPL’s current fiscal year. The highest revenue estimate was $1.33B, while the lowest revenue estimate was $1.3B, resulting in an average revenue estimate of $1.31B. In the same quarter a year ago, actual revenue was $1.24B, up 5.70% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $1.38B in the next fiscal year. The high estimate is $1.43B and the low estimate is $1.34B. The average revenue growth estimate for next year is up 5.00% from the average revenue estimate for this year.
