How to Buy Simply Good Foods Co Stock
Simply Good Foods Co
The Simply Good Foods Company operates as a consumer packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements.
Simply Good Foods Co stock last closed at $34.34, up 1.57% from the previous day, and has decreased 4.66% in one year. It has overperformed other stocks in the Packaged Foods industry by 0.13 percentage points. Simply Good Foods Co stock is currently +14.47% from its 52-week low of $30.00, and -20.14% from its 52-week high of $43.00.
As of Apr 24, 2024, there are 99.99M shares of SMPL outstanding. The market capitalization of SMPL is $3.43B. In the last 24 hours, 1.1M SMPL shares were traded.
How to Buy Simply Good Foods Co Stock
Wondering how to invest in Simply Good Foods Co stock? Here's how.
- Figure out where to buy Simply Good Foods Co stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you decide where to buy Simply Good Foods Co stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Select your method of payment and add your details.
- Evaluate Simply Good Foods Co stock: The Simply Good Foods Co ticker symbol is SMPL. Is Simply Good Foods Co stock a good investment? Should you buy shares of SMPL? How do SMPL's underlying business fundamentals look? Do top analysts think Simply Good Foods Co is a good buy? Why has SMPL's stock price moved recently? (Hint: Our stock research website can help you understand if SMPL is a good stock to buy).
- Execute your SMPL purchase: Decide if you will purchase SMPL shares at the current market price or use a limit order to purchase SMPL shares at a particular price.
- Get key alerts regarding your SMPL position: Create a watchlist to keep tabs on your new investment in Simply Good Foods Co shares.
Step 1: Figure out where to buy Simply Good Foods Co stock
You will need an online brokerage account in order to access the NASDAQ market and buy SMPL shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the best brokerage, you need to fill out some personal info so you are able to buy SMPL stock today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to create a new brokerage account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've created your account on stock apps to use, your next step is to transfer the money for your investment:
Watch the video below to see the process of depositing money into your new brokerage account.
Step 4: Evaluate Simply Good Foods Co stock
Once you have decided on the best place to buy Simply Good Foods Co stock, it's crucial to evaluate their stock prior to investing, so you actually wrap your head around the risk as well as the opportunity.
Overview of key SMPL info
Simply Good Foods Co Fundamentals
WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis.
You can view all of the due diligence checks on SMPL's stock page.
What is the fair value of SMPL stock?
You can use many financial metrics, analyses, models, and charts to gauge SMPL's intrinsic value.
Using relative valuations ratios:
- SMPL could be overvalued based on its P/E ratio of 24.35x, relative to Packaged Foods industry P/E ratio of 8.34x
- SMPL may be undervalued based on its P/B ratio of 2.08x, relative to Packaged Foods industry P/B ratio of 2.18x
- SMPL could be overvalued based on its PEG ratio of 1.52x
You can access additional valuation research on SMPL's stock here.
Is SMPL a healthy company?
Signs that SMPL is financially healthy:
- SMPL has a low debt to equity ratio of 0.3.
- SMPL profit margin has gone up from 11% to 11.1% in the past year.
- There are more short-term assets than long-term liabilities on the SMPL balance sheet.
- There are more short-term assets than short-term liabilities on the SMPL balance sheet.
- SMPL's operating cash flow of $211.76M allows it to safely service it's debt of $237.67M.
- Total SMPL debt is lower than 5 years ago, relative to shareholder equity.
- SMPL earnings of $212.74M is not sufficient to cover its interest payments.
Do analysts think it's a good time to buy Simply Good Foods Co stock
Out of 7 Equities analysts who give forecasts on SMPL, the consensus analyst rating on SMPL is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent SMPL Analyst Recommendations
Matthew Smith, a top 19% analyst from Stifel Nicolaus maintains SMPL with a strong buy rating and lowers their SMPL price target from $48.00 to $38.00, on Mar 28, 2024.
Steve Powers, a top 14% analyst from Deutsche Bank downgrades SMPL to a hold rating and announces their SMPL price target of $42.00, on Jan 2, 2024.
You can dive deeper into what analysts are forecasting on the Simply Good Foods Co stock forecast page.
SMPL Trading Indicators
SMPL Performance Metrics
Last year, SMPL earnings were $140.76M. Over the past five year, SMPL's earnings have gone up by 54.53% per year. This was faster than the Packaged Foods industry average of 8.4%.
Last year, SMPL revenue was $1.27B. During the last five year, SMPL's revenue has grown by 22.09% per year. This was faster than the Packaged Foods industry average of 5.53%.
Learn more about SMPL's earnings and revenue performance here.
Are SMPL executives and large shareholders buying or selling the stock?
Over the past 12 months, insiders at SMPL have sold more shares than they have bought.
Geoff E. Tanner, President and CEO of SMPL, was the latest SMPL insider to sell. They sold $62,078.40 worth of SMPL shares on Apr 10, 2024.
Get more info about who owns SMPL stock here.
Does SMPL provide a stable income stream?
No, Simply Good Foods Co doesn't provide an income stream by paying out dividends.
SMPL Social Trading Data
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Step 5: Execute your SMPL purchase
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount limit, place a limit order.
Press the Open button and your broker will place your order.
If you require additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your SMPL position
Now that you own some SMPL stock, you'll want to keep up with your new company.
Create a watchlist to track your SMPL stock.
SMPL Feed
How to Buy Stock in Simply Good Foods Co
To summarize, here are the 6 steps to buy Simply Good Foods Co stock:
- Figure out where to buy Simply Good Foods Co stock
- Create a brokerage account
- Fund your brokerage account
- Evaluate Simply Good Foods Co stock
- Execute your SMPL purchase
- Get key alerts regarding your SMPL position
If you require a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest news on your investment in Simply Good Foods Co, create a watchlist today.
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