Currently, there are 101.03M common shares owned by the public and among those 92.50M shares have been available to trade.
The company’s stock has a 5-day price change of 2.25% and 2.67% over the past three months. SMPL shares are trading -3.31% year to date (YTD), with the 12-month market performance up to 6.29% higher. It has a 12-month low price of $30.00 and touched a high of $40.53 over the same period. SMPL has an average intraday trading volume of 1.05 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.57%, -0.32%, and 5.02% respectively.
Institutional ownership of Simply Good Foods Co (NASDAQ: SMPL) shares accounts for 94.83% of the company’s 101.03M shares outstanding.
It has a market capitalization of $3.81B and a beta (3y monthly) value of 0.66. The stock’s trailing 12-month PE ratio is 26.92, while the earnings-per-share (ttm) stands at $1.40. The company has a PEG of 3.14 and a Quick Ratio of 2.75 with the debt-to-equity ratio at 0.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.33% over the week and 2.85% over the month.
Earnings per share for the fiscal year are expected to increase by 5.09%, and 12.12% over the next financial year.
Looking at the support for the SMPL, a number of firms have released research notes about the stock. TD Cowen stated their Hold rating for the stock in a research note on April 22, 2024, with the firm’s price target at $34. Deutsche Bank coverage for the Simply Good Foods Co (SMPL) stock in a research note released on January 02, 2024 offered a Hold rating with a price target of $42. DA Davidson was of a view on December 08, 2023 that the stock is Neutral, while Morgan Stanley gave the stock Overweight rating on September 18, 2023, issuing a price target of $37- $40. Stifel on their part issued Buy rating on April 14, 2023.
