Simply Good Foods (NASDAQ:SMPL – Get Free Report) had its price target cut by stock analysts at DA Davidson from $39.00 to $14.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. DA Davidson’s target price points to a potential upside of 7.61% from the company’s current price.
A number of other brokerages have also issued reports on SMPL. Mizuho set a $19.00 price target on Simply Good Foods in a research note on Monday, May 4th. Zacks Research raised Simply Good Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Simply Good Foods in a research note on Thursday, June 18th. Stifel Nicolaus decreased their target price on Simply Good Foods from $32.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Finally, BTIG Research assumed coverage on shares of Simply Good Foods in a research note on Monday, April 13th. They set a “neutral” rating for the company. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $14.80.
Check Out Our Latest Stock Report on SMPL
Simply Good Foods Price Performance
Simply Good Foods (NASDAQ:SMPL – Get Free Report) last announced its quarterly earnings data on Thursday, July 9th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.07. Simply Good Foods had a negative net margin of 7.46% and a positive return on equity of 9.72%. The business had revenue of $356.98 million during the quarter, compared to the consensus estimate of $332.99 million. During the same quarter last year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts forecast that Simply Good Foods will post 1.54 EPS for the current year.
Insider Buying and Selling at Simply Good Foods
In other news, Director Clayton C. Daley, Jr. bought 10,000 shares of the stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $11.78 per share, for a total transaction of $117,800.00. Following the acquisition, the director owned 111,743 shares of the company’s stock, valued at $1,316,332.54. This represents a 9.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James M. Kilts purchased 80,000 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were purchased at an average cost of $12.39 per share, for a total transaction of $991,200.00. Following the transaction, the director directly owned 172,854 shares in the company, valued at approximately $2,141,661.06. This represents a 86.16% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 8.76% of the company’s stock.
Institutional Trading of Simply Good Foods
A number of hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its holdings in Simply Good Foods by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 88,477 shares of the financial services provider’s stock worth $2,795,000 after acquiring an additional 383 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in 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 valued at $31,000 after purchasing an additional 538 shares during the period. AQR Capital Management LLC raised its holdings in shares of Simply Good Foods by 3.4% in the 1st quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock valued at $656,000 after purchasing an additional 617 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Simply Good Foods by 4.1% in the 4th quarter. Cerity Partners LLC now owns 18,000 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 701 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of Simply Good Foods by 3.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 23,120 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 750 shares during the period. 88.45% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting Simply Good Foods
Here are the key news stories impacting Simply Good Foods this week:
- Positive Sentiment: SMPL beat quarterly earnings and revenue estimates, which helped drive buying interest after the report. Simply Good Foods shares rise as quarterly earnings, revenue top estimates
- Positive Sentiment: The company raised its fiscal 2026 revenue guidance, signaling management sees some improvement ahead even though the full-year outlook still implies a decline. The Simply Good Foods Company Reports Fiscal Third Quarter 2026 Financial Results and Updates Fiscal Year 2026 Outlook
- Neutral Sentiment: Brokerages continue to rate Simply Good Foods as a “Hold,” suggesting analysts are cautious and see limited near-term upside until fundamentals improve. The Simply Good Foods Company (NASDAQ:SMPL) Receives Consensus Rating of “Hold” from Brokerages
- Neutral Sentiment: Traders also showed unusual options activity in SMPL, which may reflect speculation around the earnings reaction rather than a clear fundamental shift. Options trading activity referenced in market news
- Negative Sentiment: Despite the earnings beat, quarterly sales and profitability still declined year over year, and the company’s updated outlook points to lower full-year sales and EBITDA, highlighting ongoing turnaround challenges. The Simply Good Foods Company Reports Fiscal Third Quarter 2026 Financial Results and Updates Fiscal Year 2026 Outlook
- Negative Sentiment: Commentary from analysts and earnings-call coverage points to brand, distribution, and competition issues that could limit the stock’s upside if the turnaround stalls. Simply Good Foods: Q3 Better Than Feared, But No Need To Chase
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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