After finishing at $33.87 in the prior trading day, Simply Good Foods Co (NASDAQ: SMPL) closed at $33.20, down -1.98%. In other words, the price has decreased by -$0.67 from its previous closing price. On the day, 1240736 shares were traded.
Ratios:
Our goal is to gain a better understanding of SMPL by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.95. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 3.38B and an Enterprise Value of 3.53B. As of this moment, Simply’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.15, and their Forward P/E ratio for the next fiscal year is 16.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.65 while its Price-to-Book (P/B) ratio in mrq is 2.06. Its current Enterprise Value per Revenue stands at 2.82 whereas that against EBITDA is 15.09.
Stock Price History:
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 38.25, while the 200-Day Moving Average is calculated to be 36.90.
Shares Statistics:
The stock has traded on average 746.73K shares per day over the past 3-months and 734.81k shares per day over the last 10 days, according to various share statistics. 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 88.92% stake in the company. Shares short for SMPL as of Feb 15, 2024 were 3.57M with a Short Ratio of 4.78, compared to 2.48M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.58% and a Short% of Float of 5.42%.
Earnings Estimates
Its stock is currently analyzed by 10 different market analysts. On average, analysts expect EPS of $0.38 for the current quarter, with a high estimate of $0.4 and a low estimate of $0.36, while EPS last year was $0.32. The consensus estimate for the next quarter is $0.5, with high estimates of $0.53 and low estimates of $0.48.
Analysts are recommending an EPS of between $1.85 and $1.78 for the fiscal current year, implying an average EPS of $1.82. EPS for the following year is $2.01, with 11 analysts recommending between $2.09 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 $1.31B, resulting in an average revenue estimate of $1.32B. In the same quarter a year ago, actual revenue was $1.24B, up 6.30% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $1.39B in the next fiscal year. The high estimate is $1.43B and the low estimate is $1.36B. The average revenue growth estimate for next year is up 5.30% from the average revenue estimate for this year.
