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Saturday, December 9, 2023

This Is Too Hot For Simply Good Foods Co (NASDAQ: SMPL), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Simply Good Foods Co (SMPL) shows that investor sentiment remained same, with the stock’s consolidated last price to $36.42. The Simply Good Foods Co has recorded 24,123 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that The Simply Good Foods Company Reports Fiscal Fourth Quarter and Full Fiscal Year 2023 Financial Results and Provides Full Fiscal Year 2024 Outlook.

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Stocks Info

As a NASDAQ listed company, SMPL falls under the Consumer Defensive sector while operating within the Packaged Foods industry segment. At the end of the last regular session, the stock closed at $36.42 and fluctuated between $37.37 as its day high and $36.20 as its day low. The current market capitalization of Simply Good Foods Co is $3.63B. A total of 0.55 million shares were traded on the day, compared to an average of 579.86K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SMPL has seen 10 BUY and 0 SELL insider trades, representing the acquisition of 37,710 and the disposition of 0 shares. Over the last 12 months, there were 36 BUYs and 20 SELLs from insiders. Insiders purchased 238,240 shares during that period but sold 383,230.

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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SMPL in the last 3 months, the mean price target is $42.20 with high estimates of $49.00 and low estimates of $36.00. In terms of 52-week highs and lows, SMPL has a high of $40.15 and a low of $31.06.

As of this writing, SMPL has an earnings estimate of $0.45 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.47 per share and a lower estimate of $0.43. 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $15.78, 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 4.60.

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