The Simply Good Foods Company (SMPL) – Long Run Forecast Pointing to Profits

KILTS JAMES M, Director, added 70,000 shares of The Simply Good Foods Company (SMPL) to its portfolio at the rate of $24.62 per share valuing $1,723,400 on Nov 13. The insider has now 737,217 shares of the company to its portfolio. Currently, the 1st Resistance Point for this stock is $28.44, with a 2nd Resistance Point sitting at $28.81. Meanwhile, this company’s stock has a 1st Support Level at $27.43 and a 2nd Support Level at $26.79. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of The Simply Good Foods Company (SMPL) was $28.08. The Simply Good Foods Company (SMPL) stock has gained $1.57, or 3.44%, in the past five days. In the last full month, these shares have gained $3.88, or 16.03%. In the past three months, this stock’s price has fallen by -$1.55, or -5.23%. This year-to-date, The Simply Good Foods Company (SMPL) shares have gained $9.18, or 48.57%.

Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For The Simply Good Foods Company (SMPL) stock, Hold % of short-term indicators suggest that these shares are a “ Buy .” Meanwhile, 50% of medium-term indicators point to this stock being a “ Buy .” Looking further ahead, 100% of long-term indicators suggest that this stock is a “ Buy .”

With 95,417 K shares outstanding, this company currently has a market capitalization of $2,636,372K. The Simply Good Foods Company (SMPL) generates $523,380 K in annual sales, amounting to annual net income of $47,540 K. This stock has generated a 1-Year Total Return of 38.19%, a 3-Year Total Return of 0.00%, and a 5-year Total Return of 0.00%. This stock’s 5-Year Dividend Growth is 0.00%. Its Annual Dividend Yield is 0.00%, and its Annual Dividend Rate is 0.00.

In the most recently-reported fiscal quarter, which ended in 08/19, The Simply Good Foods Company (SMPL) reported earnings of $0.07 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.16 per share, representing a -0.09 difference and -56.25% surprise. In the previous quarter ending in 05/19, the reported earnings of $0.16 represented a 0.02 difference from the consensus estimate calling for $0.14 per share, which was a 14.29% surprise.

For the current fiscal quarter, which is set to end in 11/2019, the average earnings estimate is $0.20 per share. This estimate came from a total of 1 Wall Street Analysts. Of those market experts, the high estimate was $0.20 and the low estimate was $0.20. In the year-ago quarter, The Simply Good Foods Company (SMPL) generated per-share earnings of $0.18. If the analysts are correct about the current quarter’s earnings, the growth will be +11.11%.

Turning our focus now to insider trading activity, there have been 22 purchases (173,912 shares in total) and 2 sale (551,830 shares in total) in the last 3 months. In the last 6 months, there have been 25 insider buys amounting to 198,696 shares and 6 insider sales amounting to 583,180 shares. In the past full year, 27 insider purchases were made (involving 224,765 shares) and 8 insider sell-offs equivalent to 602,459 shares.

Moving onto liquidity, The Simply Good Foods Company (SMPL) has a Current Ratio of 7.45, a Quick Ratio of 6.65 and a Cash Ratio of 5.55. Looking at this company’s capital structure, its Total Debt to Total Equity is 22.80, its Total Debt to Total Capital is 18.57, and its Total Debt to Total Assets is now 16.56. Looking even further ahead into the future, its Long-Term Debt to Equity is 5.90 and its Long-Term Debt to Total Capital is 22.72.