27.35 0.00 (0.00%)
After hours: 5:02PM EDT
|Bid||27.34 x 800|
|Ask||28.00 x 900|
|Day's Range||26.67 - 27.47|
|52 Week Range||16.55 - 28.16|
|Beta (3Y Monthly)||0.77|
|PE Ratio (TTM)||42.47|
|Earnings Date||Jul 2, 2019 - Jul 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||28.63|
The Simply Good Food Co. , a company known for its Atkins-branded low-carb foods, has agreed to purchased protein-bar company Quest Nutrition LLC for $1 billion in cash. Quest is known for its protein bars, but also offers chips, cookies, pizzas and other foods with added protein, as well as protein powder. Simply Good Chief Executive Joseph Scalzo said in the announcement that the deal "delivers on our strategy to become a broader nutritional snacking company." Simply Good said that Quest expects annual revenue of $345 million and adjusted Ebitda of $50 million this year, and is expected to be accretive to cash earnings per share this year. Simply Good's board has approved the acquisition, which will be funded with $225 million in cash on its balance sheet and financing from Barclays, Credit Suisse and Goldman Sachs. Simply Good hopes the deal will close by the end of the year, and expects $20 million in "synergies" over the next three years.
The Simply Good Foods Company (SMPL) (“Simply Good Foods”), a developer, marketer and seller of branded nutritional foods and snacking products, and Quest Nutrition, LLC (“Quest”), a healthy lifestyle food company, today announced that the companies have entered into a definitive agreement under which Simply Good Foods will acquire Quest for $1.0 billion in cash, or approximately $870 million net of tax benefits, on a cash-free and debt-free basis. The transaction is structured as the purchase by a subsidiary of Simply Good Foods of 100% of the equity of each of Voyage Holdings, LLC and VMG Quest Blocker, Inc. (together, the “Target”) from the founders of Quest and other equity holders of the Target. This combination positions Simply Good Foods to continue to benefit from consumer mega trends related to healthy eating and better nutrition as the great-tasting Atkins and Quest products offer consumers a smart and convenient approach to healthier snacking.
DENVER, Aug. 21, 2019 -- The Simply Good Foods Company (NASDAQ: SMPL) (“Simply Good Foods” or the “Company”), a developer, marketer and seller of branded nutritional foods and.
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The Simply Good Foods Company (SMPL) (“Simply Good Foods”), a developer, marketer and seller of branded nutritional foods and snacking products, today announced the appointment of James D. White to its Board of Directors, effective immediately. James will also join the Company’s Nominating and Corporate Governance Committee. “James is a seasoned leader with a wealth of consumer-packaged goods and retail experience who brings over 30 years of industry knowledge to his new role as a member of the Board of Directors of Simply Good Foods,” said James M. Kilts, Chairman of the Board of Directors. Mr. White served for eight years, from 2008 to 2016, as the Chairman, President and CEO of Jamba Inc. During his tenure Mr. White led the successful turnaround and transformation of the company from a made-to-order smoothie shop to a global, healthy active lifestyle brand.
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Simply Good Foods (SMPL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
DENVER, July 9, 2019 /PRNewswire/ -- More than 50 doctors across the U.S. signed an open letter to the USDA calling on the organization to overhaul the U.S. Dietary Guidelines and ensure that recommendations are for all Americans. The letter ran in both the New York Times and Washington Post today. Currently, the Advisory Committee is reviewing the 2020-2025 Dietary Guidelines to begin shaping their recommendations for the USDA and Health and Human Services to consider. The open letter was spearheaded by Atkins Nutritionals, Inc., a mission-based organization focused on improving global health, and has actively advocated for the Dietary Guidelines to reflect current, quality science.
Simply Good Foods (NASDAQ: SMPL ) reported third-quarter earnings of 16 cents per share, which beat the analyst consensus estimate of 14 cents. This is a 60% increase over earnings of 1 cent per share ...
Simply Good Foods (SMPL) delivered earnings and revenue surprises of 14.29% and 15.61%, respectively, for the quarter ended May 2019. Do the numbers hold clues to what lies ahead for the stock?
DENVER, July 02, 2019 -- The Simply Good Foods Company (NASDAQ: SMPL) (“Simply Good Foods,” or the “Company”), a developer, marketer and seller of branded nutritional snacking.
NEW YORK, NY / ACCESSWIRE / July 2, 2019 / The Simply Good Foods Co. (NASDAQ: SMPL ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on July 2, 2019 at 8:30 AM ...