(SMPL) Simply Good Foods - Ratings and Ratios

The Simply Good Foods Company (NASDAQ:SMPL) is a leading consumer-packaged food and beverage enterprise specializing in the development, marketing, and distribution of a diverse range of snacks and meal replacements. Under its prominent brands Quest, Atkins, and OWYN, the company offers an extensive portfolio including protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, muffins, protein chips, crackers, and powders. Additionally, it provides confectionery products such as peanut butter cups, brownies, and caramel candies. The companys strategic expansion into health and wellness sectors and continuous product innovation have solidified its market position.

Headquartered in Denver, Colorado, and incorporated in 2017, Simply Good Foods distributes its products through various retail channels including mass merchandise, grocery, drug, and convenience stores. Its robust e-commerce presence spans platforms like questnutrition.com, atkins.com, liveowyn.com, and amazon.com, reflecting its adaptability to the growing online shopping trend. This multi-channel approach underscores its commitment to accessibility and customer convenience.

3-Month Forecast: Based on the provided technical and fundamental data: - Price Range Prediction: The stock is expected to trade between $33.05 and $37.41 over the next three months. This forecast considers the current price of $35.23, the moving averages (SMA 20: $35.64, SMA 50: $35.67, SMA 200: $35.56), and the Average True Range (ATR: 1.18), indicating moderate volatility and potential sideways movement. - Technical Outlook: The proximity of the short-term and long-term moving averages suggests a neutral trend. The ATR indicates that price fluctuations will likely remain within a moderate range, supporting the sideways movement expectation. - Fundamental Outlook: With a forward P/E of 19.08, indicating anticipated earnings growth, and a decent Return on Equity (RoE) of 8.00%, the company is positioned for stable performance. The P/S ratio of 2.69 reflects reasonable valuation relative to its revenue, supporting potential modest growth. This forecast is based on technical indicators pointing to stability and fundamental data suggesting controlled growth, positioning SMPL for a steady performance in the upcoming quarter.