Simply Good Foods (NASDAQ:SMPL – Get Free Report) had its target price dropped by stock analysts at TD Cowen from $20.00 to $13.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price target suggests a potential upside of 20.87% from the company’s current price.
SMPL has been the topic of a number of other research reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Simply Good Foods in a research note on Friday, January 9th. UBS Group lowered their target price on shares of Simply Good Foods from $23.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Jefferies Financial Group raised shares of Simply Good Foods from a “hold” rating to a “buy” rating and lowered their target price for the company from $23.00 to $22.00 in a research note on Monday, March 16th. Zacks Research cut shares of Simply Good Foods from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Mizuho set a $30.00 price target on shares of Simply Good Foods in a research report on Thursday, January 15th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Simply Good Foods presently has an average rating of “Hold” and a consensus price target of $24.55.
Check Out Our Latest Analysis on SMPL
Simply Good Foods Stock Down 8.9%
Simply Good Foods (NASDAQ:SMPL – Get Free Report) last released its earnings results on Thursday, April 9th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. Simply Good Foods had a net margin of 6.26% and a return on equity of 9.56%. The firm had revenue of $326.01 million during the quarter, compared to analyst estimates of $345.08 million. During the same quarter in the previous year, the business earned $0.46 EPS. The business’s revenue was down 9.4% on a year-over-year basis. Research analysts anticipate that Simply Good Foods will post 1.78 EPS for the current year.
Institutional Investors Weigh In On Simply Good Foods
Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Simply Good Foods by 125.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock worth $31,000 after buying an additional 538 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Simply Good Foods by 82.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,787 shares of the financial services provider’s stock worth $36,000 after buying an additional 807 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Simply Good Foods during the 3rd quarter worth about $36,000. Parallel Advisors LLC lifted its stake in shares of Simply Good Foods by 167.4% during the 4th quarter. Parallel Advisors LLC now owns 2,126 shares of the financial services provider’s stock worth $43,000 after buying an additional 1,331 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Simply Good Foods during the 4th quarter worth about $59,000. Institutional investors own 88.45% of the company’s stock.
Simply Good Foods News Summary
Here are the key news stories impacting Simply Good Foods this week:
- Positive Sentiment: Q2 EPS beat: Adjusted EPS of $0.45 topped expectations (~$0.40), showing underlying profitability resilience despite top‑line pressure. Article Title
- Positive Sentiment: Stifel reduced its price target but kept a Buy rating (PT cut from $32 to $20), signaling some analysts still see upside vs. current levels. Benzinga
- Neutral Sentiment: Stephens reaffirmed an Equal Weight rating but cut its PT to $14, reflecting more guarded near‑term expectations—mixed analyst tone that limits clarity for investors. Benzinga
- Neutral Sentiment: Management’s earnings call and supplemental materials provided limited incremental detail on a clear turnaround plan, according to call writeups — leaving questions about timing of a recovery. TipRanks
- Negative Sentiment: Revenue miss and lowered guidance: Q2 revenue of $326.0M fell ~9.4% Y/Y and below estimates; FY26 revenue outlook was cut (now down ~7–10% vs prior –2% to 2%), driving the sharp sell‑off. GlobeNewswire
- Negative Sentiment: Brand pressure: Quest growth slowed (bars down, chips up but competitive pressure rising) and Atkins faces secular headwinds from GLP‑1 weight‑loss drugs; lost retailer distribution after cutting unprofitable promotions. These are structural issues that may take multiple quarters to fix. MarketBeat analysis
- Negative Sentiment: Securities‑fraud investigations: At least two law firms (BFA Law, Kirby McInerney) announced probes into potential securities claims following the earnings and outlook revision — adds litigation/legal risk and investor uncertainty. BFA Law (Business Wire) Kirby McInerney (Business Wire)
Simply Good Foods Company Profile
Simply Good Foods Co (NASDAQ: SMPL) is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.
Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.
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