The IBD SmartSelect Composite Rating for Simply Good Foods increased from 91 to 96 Tuesday.
Looking For The Best Stocks To Buy And Watch? Start Here
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Simply Good Foods is currently forming a consolidation, with a 40.52 entry. See if the stock can break out in volume at least 40% above average.
The stock has a 92 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 92% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 15% EPS gain for Q2. That marks two straight quarters of rising EPS performance. Sales growth rose 15%, up from 11% in the prior quarter. That marks one quarter of accelerating revenue gains.
Simply Good Foods earns the No. 1 rank among its peers in the Food-Confectionery industry group. Tootsie Roll Indus and Mondelez Intl Cl A are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
