YTD, How Many New Highs Are Made By The Simply Good Foods Company (SMPL)?

The stock of The Simply Good Foods Company (NASDAQ:SMPL) increased by increased by $2.96 on Friday to finish at $37.27, up 8.63 percent. The last five days have seen an average of 480,820 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $5.91. The average number of shares traded over the last 20 days was 324,425, while the average volume over the last 50 days totaled 338,018.

SMPL stock appreciated 4.31% since last month. On 10/21/21, the company’s shares reached a one-month low of $33.88. The stock touched a high of $38.50 on 07/01/21, after rallying from a low of $18.62 in 52 weeks. The price of SMPL stock has risen by 18.85% or $5.91 this year, reaching a new high 10 times. Still, the stock price is down -3.19% from the 52-week high.

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Insider Transactions

There have been 13 days since The Simply Good Foods Company (SMPL) last reported insider trading activity on Oct 12. On Oct 12, CEO and President SCALZO JOSEPH sold 39,166 shares at $35.47 each. This transaction resulted in the insider making $1,389,077. On Oct 11, SCALZO JOSEPH sold 16,424 shares at a price of US$35.52. After the transaction, the insider now owns 112,487 shares. CEO and President SCALZO JOSEPH had earlier sold 17,731 shares on Oct 08 for $35.66 a share. The transaction was completed for $632,272.

Valuation Metrics

The Simply Good Foods Company (SMPL) has a trailing price-to-earnings (P/E) ratio of 57.08. This level actually compares unfavorably with the industry at large, as the PE for the Packaged Foods industry stands at about 21.93. Further, its PE also compares unfavorably with the Consumer Defensive sector’s trailing 12 months PE ratio, which comes in at 25.23 right now. The PE ratio of The Simply Good Foods Company has varied between 269.93 and 16.67 in the last five years. Beta for the stock is 0.98. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.39, the price-to-book (PB) ratio of 3.05, and the price-to-cash flow ratio of 29.37.

Company paid $0.09 per share in dividends, remained unchanged from $0.09 last year.

For the three months ended May 30, The Simply Good Foods Company’s quick ratio was 2.40, while its current ratio was 3.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending May 30 is 0.43, and the total debt to equity ratio is 0.43. As far as profitability goes, gross margin for the trailing twelve months is 40.60% percent. The Simply Good Foods Company’s EBITDA margin for the year ended May 30 was 16.37%, whereas its operating margin stood at 13.30% for the same period. Based on annual data, it had gross profit of $324.33 million and revenue of $816.64 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SMPL’s return on assets (ROA) during the last 12 months has been -0.30%. There was a 3.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -0.50%. ROE has averaged 12.06 in the past year for the broader industry.

Earnings Surprise

According to The Simply Good Foods Company’s quarterly financial report for the quarter that ended May 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $284.0 million, while revenues rose by 24.26% to $230.61 million. It was predicted that The Simply Good Foods Company’s quarterly earnings would be $0.43, but it ended up being $0.29, beating the consensus by 48.30%. EBITDA was $67.28 million for the quarter. At the end of The Simply Good Foods Company’s most recent quarter ended May 30, its liabilities totaled 870.72 million, while its total debt was $574.28 million. Equity owned by shareholders amounts to $95.78 million.

Technical Picture

Here’s a quick look at The Simply Good Foods Company’s (SMPL) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 68.90%, suggesting the stock is Neutral, with a 47.38% historical volatility rate.

The stochastic %K and %D were 37.63% and 20.86% respectively, while the average true range (ATR) was 1.14. Based on the 14-day stochastic reading of 97.41%, the RSI (14) reading is 63.15%. On the 9-day MACD Oscillator, the stock is at 0.25, and the 14-day reading is at 0.02.

Analyst Ratings

Analysts have assigned The Simply Good Foods Company (SMPL) an Overweight rating. SMPL is a stock that is recommended for selling by 1 brokerage firm, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 4 others recommend it as a buy.

What is SMPL’s price target for the next 12 months?

The current consensus forecast for the stock is between $37.00 and $46.00, with a median target price of $40.00. In analyzing these forecasts, the average price target given by analysts for The Simply Good Foods Company (SMPL) is $40.00.


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