Simply Good Foods (NASDAQ:SMPL) Price Target Cut to $14.00 by Analysts at DA Davidson

Simply Good Foods (NASDAQ:SMPL) had its price target cut by DA Davidson from $39.00 to $14.00 in a research report report published on Friday, MarketBeat.com reports. They currently have a neutral rating on the financial services provider’s stock.

SMPL has been the subject of several other research reports. Jefferies Financial Group set a $17.00 price target on Simply Good Foods in a report on Tuesday, June 30th. Mizuho set a $19.00 price objective on shares of Simply Good Foods in a report on Monday, May 4th. UBS Group lowered their target price on shares of Simply Good Foods from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, June 2nd. Stephens restated an “equal weight” rating and set a $14.00 price target (down from $24.00) on shares of Simply Good Foods in a report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Simply Good Foods from $16.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.20.

Simply Good Foods Price Performance

Shares of NASDAQ SMPL opened at $12.77 on Friday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -10.73 and a beta of 0.13. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.87 and a current ratio of 4.80. Simply Good Foods has a fifty-two week low of $10.21 and a fifty-two week high of $34.19. The firm’s 50-day simple moving average is $12.28 and its 200 day simple moving average is $15.04.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Thursday, July 9th. The financial services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. The firm had revenue of $356.98 million during the quarter, compared to analyst estimates of $332.99 million. Simply Good Foods had a positive return on equity of 9.34% and a negative net margin of 14.28%.The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. As a group, research analysts anticipate that Simply Good Foods will post 1.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Simply Good Foods

In other news, Director James M. Kilts acquired 80,000 shares of Simply Good Foods stock in a transaction on Thursday, April 23rd. The stock was acquired at an average cost of $12.39 per share, with a total value of $991,200.00. Following the completion of the acquisition, the director owned 172,854 shares in the company, valued at approximately $2,141,661.06. This trade represents a 86.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Clayton C. Daley, Jr. bought 10,000 shares of the stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of $11.78 per share, for a total transaction of $117,800.00. Following the completion of the purchase, the director owned 111,743 shares of the company’s stock, valued at approximately $1,316,332.54. This trade represents a 9.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 8.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Simply Good Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Simply Good Foods by 125.4% during the second 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 last quarter. Leonteq Securities AG increased its stake in shares of Simply Good Foods by 96.2% in the first quarter. Leonteq Securities AG now owns 2,309 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,132 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Simply Good Foods by 82.3% in the fourth quarter. Hantz Financial Services Inc. now owns 1,787 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 807 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Simply Good Foods in the third quarter worth about $36,000. Finally, Parallel Advisors LLC raised its position in shares of Simply Good Foods by 167.4% in the fourth quarter. Parallel Advisors LLC now owns 2,126 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,331 shares during the period. 88.45% of the stock is currently owned by institutional investors.

Key Headlines Impacting Simply Good Foods

Here are the key news stories impacting Simply Good Foods this week:

• Positive Sentiment: SMPL reported fiscal third-quarter adjusted EPS of $0.42, ahead of the $0.35 consensus estimate, and revenue of $357 million, also above forecasts. The company also raised its FY2026 outlook, which helped support shares initially. Article Title
• Positive Sentiment: Trading activity and early post-earnings commentary suggest some investor interest in a turnaround, with the stock rising after the report and unusually heavy call-option volume. Article Title
• Positive Sentiment: SMPL’s revenue and earnings beat expectations despite a difficult category backdrop, which may reassure investors that results were better than feared. Article Title
• Neutral Sentiment: Brokerage sentiment remains cautious, with DA Davidson cutting its price target sharply to $14 from $39 while keeping a neutral rating, and the broader consensus still at Hold. Article Title
• Negative Sentiment: Underlying performance was weak: sales fell 6.3% year over year, adjusted EBITDA declined, and the company posted a net loss as Atkins weakness, higher input costs, and heavier marketing spending pressured margins. Article Title
• Negative Sentiment: The updated full-year outlook points to declining sales, lower gross margins, and a steep drop in adjusted EBITDA, signaling that the turnaround remains challenging. Article Title
• Negative Sentiment: Analysts highlighted brand and distribution issues, especially at Atkins and OWYN, suggesting investors remain concerned about market-share losses and the durability of the recovery. Article Title

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.