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Friday, September 29, 2023

Momentum Is Strong For The Simply Good Foods Company (NASDAQ: SMPL)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for The Simply Good Foods Company (SMPL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.28, or 0.78%, to $36.36. The The Simply Good Foods Company has recorded 31,798 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Quest™ Awards $80,000 in Quest for Impact Grants to Help Drive Positive Change in Local Communities.

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Stocks Info

This NASDAQ-listed company operates within the Packaged Foods industry segment, falling under the Consumer Defensive sector. At the end of the last regular session, the stock closed at $36.08 and fluctuated between $36.43 as its day high and $35.87 as its day low. The current market capitalization of The Simply Good Foods Company is $3.52B. A total of 0.52 million shares were traded on the day, compared to an average of 585.35K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, SMPL has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 16,431 and the disposition of 305,410 shares. Over the last 12 months, there were 36 BUYs and 21 SELLs from insiders. Insiders purchased 239,420 shares during that period but sold 14,150,008.

In the most recent transaction, Ratzan Brian K. sold 300,000 shares of SMPL for 37.78 per share on Jul 24. After the transaction, the Director now owns 2,372,557 company shares. In a previous transaction on Jul 06, Short Jill M. sold 5,410 shares at 37.34 per share. SMPL shares that Chief Customer Officer owns now total 33,188.

Among the insiders who bought shares, Tanner Geoff E acquired of 6,850 shares on Jul 03 at a per-share price of $36.61. This resulted in the President and COO holding 33,762 shares of SMPL after the transaction. In another insider transaction, Ratzan Brian K. sold 15,133 shares at $40.00 per share on May 15. Company shares held by the Director now total 2,672,557.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. SMPL’s most recent ex-dividend date was 2/10/2015 when it declared a $0.09 quarterly dividend that was paid in cash on 2/20/2015. Previously, the company paid the dividend on 11/26/2014 with an ex-dividend date of 11/6/2014. The SMPL stock dividend was $0.09 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SMPL in the last 3 months, the mean price target is $42.82 with high estimates of $49.00 and low estimates of $37.00. In terms of 52-week highs and lows, SMPL has a high of $40.15 and a low of $29.21.

As of this writing, SMPL has an earnings estimate of $0.44 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.47 per share and a lower estimate of $0.38. The company reported an EPS of $0.32 in the last quarter, which was 10.30% higher than expectations of $0.29.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SMPL’s latest balance sheet shows that the firm has $75.34M in Cash & Short Term Investments as of fiscal 2021. There were $451.55M in debt and $113.66M in liabilities at the time. Its Book Value Per Share was $15.38, while its Total Shareholder’s Equity was $1.19B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SMPL is Buy with a score of 4.50.

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