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The Simply Good Foods CompanyTT

The Simply Good Foods Company

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SMPL trade ideas

SMPL: ABC correction completed, stock goes higherSMPL has completed an ABC correction in which C = 1.618 extension of the A wave. I am going to call the move off the March lows a Wave 1, with the low on 5/2 being the bottom of Wave 2. As long as that low of $15.91 holds, the stock will proceed higher in a Wave 3 to reach the minimum price objective just over $22, but can extend to at least $26 prior to a correction (these are the 1.0 and 1.618 targets respectively). Specifically I am eyeing a move to the $22.5 level which had acted as a key support level prior to the February selloff. The 5 day EMA just eclipsed the 20 EMA on Friday 6/4, which shows the short term momentum is strong enough for the stock to break the 50 day EMA and begin, what should be, a powerful move higher. Stock has also formed a double bottom / Inv . H&S pattern during this near 3 month consolidation. I am confident this stock will move higher
NLong
by ETrades1
4
Hitiing support with positive sentiment The Simply Good Foods Company hasn't moved too much today but is slightly up, only up 0.97% since yesterday. It looks like SMPL may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line SMPL is near a decent horizontal support line. It may find support at this level and bounce upward. Momentum wise The Simply Good Foods Company , hasn't been very high in either direction over the last 3 month. So hard to say what it will do here. If the price bounces off of the support and moves up it'll probably head up to the $36.4 level, at which point it may hit some selling pressure. If it fails to bounce off this level and breaks down lower, it will most likely find the nearest support a the $31.09 at which point, it may have a chance of recovering from there. Check out Neurlasys for free daily trade picks based on a confluence of technical and sentiment factors along with great market analysis.
NLong
by alexr451
SMPL (Simply Good Foods Company) - Bullish QuarterThe Simply Good Foods Company The Simply Good Foods Company product portfolio consists primarily of nutrition bars, ready-to-drink shakes, snacks and confectionery products marketed under the Atkins(R), SimplyProtein(R), Atkins Endulge(R) and Atkins Harvest Trail brand names. The Simply Good Foods Company is based in Denver, United States. Analysis/Commentary EPS and Sales Growth Y-on-Y Based on the study of the previous quarterly earnings reports and subsequent price moves: - A dip below the LOW point following earnings report may have given an entry opportunity - We have a second opportunity approaching, Slow Stochastic and price in a downward trend - Entry should be on the turn of Stochastic - Expectation for the price to move to MID or HIGH point - Trailing stop-loss on price above MID point GOOD LUCK. DO YOUR OWN RESEARCH!
NLong
by kennzo
$SMPL Simple food Simple price drift.Type a messageThe PEADrift model has so far been fairly accurate with price coming in right around the average. This model gives us a good idea of the possible range the stock might trade in over the next year - an extremely useful tool when trying to select entry points for investments. Even with storied brands such as Atkins, there is always a high risk with diet-based products. There’s certainly a lot of potential with the company. Revenues grew at double-digits before Quest. The question is can they regain that trajectory. Most diets fade as quickly as they started. Yet, Atkins remains as popular as ever. Paired with Quest nutritional items, Simply Foods appeals to the health-conscious trend that’s held for more than two decades. Even with a limited array of products, the company saw remarkable growth since it started trading in 2016. In their most recent quarter, they delivered stunning results led by the Quest acquisition. Some of the most notable items included: -Net sales increased 51.9% driven by the Quest acquisition -Net income of $22.5 million versus a net loss of $4.8 million -Adjusted Diluted EPS of $0.29 versus $0.22 -Adjusted EBITDA increased 53.2% to $48.7 million -Quest net sales increased from $78.7 million to $95.8 million -Legacy Atkins sales increased 0.2% including a 1.7% headwind due to the SimplyProtein divestiture Joseph E. Scalzo, President and Chief Executive Officer had this to say about the quarter. “We are pleased that our fiscal first quarter performance exceeded our expectations despite the ongoing challenges of operating in the COVID-19 environment. We delivered another quarter of sequential improvement in both net sales and earnings driven primarily by strong e-commerce growth, retail takeaway that exceeded our expectations and the timing of shipments related to the seasonal inventory build by certain retailers.” With the acquisition of Quest, Simply Foods grew their business from around $600 million to $1 billion annually. As the company completes the integration, they expect related costs to fall off over the next year. When we look at the stock’s performance over the last year, you can see how it only recently got back to levels it saw last year. With earnings roughly in line with what they were then, that makes the stock look to be a bit of a discount. Consider that a year ago it did not include the Quest brand. Although markets are forward-looking, there’s upside potential as margins increase as debt is paid off and synergies are released. That says nothing for potential revenue growth either. And that’s the biggest open question. Investors need to understand how and where the company plans to drive growth to justify their current valuation. It’s place our earnings cycle model in an awkward place, caught somewhere between a growth trap and actual earnings momentum. In effect, the model recognizes the contribution delivered by the Quest acquisition but also notes the underlying weakness in organic growth. It becomes strikingly apparent when you look at the earnings growth by quarter over the past several years.
NLong
by EPSMomentum
SIMPLY GOOD FOODS COMPANY Opportunity Hey my friends, SIMPLY GOOD FOODS COMPANY is in a bullish momentum with a leggy doji and an executed buy volume return. On the TIMEFRAME M1 we notice a doji with a large volume of sales made, it started to rebound on the VWAP to start again on the top of the range to test it there is a great chance of breaking out the price and then the zone and get to the last high point. With excess on TIMEFRAME H4 then on the last highest before TIMEFRAMEH4 seen on TIMEFRAME H1 and finally test after breakout of the range for a drastic aggressive rise on the top of the bullish channel. Please LIKE & FOLLOW, thank you!
NShort
by stephanelibatd
SMPL *May* experince a dump off and a nice long position entry Earnings not very favrouable. Share is down to 20.08 from 21.21. 2 earnings reports ago, there was a similar scenario and earnings went down an over all 22 percent. If it does that again, it would go down to the area of 16.50.... Unknown if it will reach that low. I am going to be watching closely waiting for a roll over to the upside. 18.75 and 17.70 are next for clusters of support followed by a really attractive entry at at mid to high 16$. Although it may not be realistic.
N
by tsx_trader