Stifel Nicolaus analyst Matthew Smith, CFA maintained a Buy rating on Simply Good Foods (SMPL – Research Report) yesterday and set a price target of $40.00. The company’s shares closed yesterday at $36.25.
Smith, CFA covers the Consumer Defensive sector, focusing on stocks such as JM Smucker, Hain Celestial, and TreeHouse Foods. According to TipRanks, Smith, CFA has an average return of -6.4% and a 18.18% success rate on recommended stocks.
In addition to Stifel Nicolaus, Simply Good Foods also received a Buy from Morgan Stanley’s Pamela Kaufman in a report issued yesterday. However, on October 24, Jefferies maintained a Hold rating on Simply Good Foods (NASDAQ: SMPL).
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SMPL market cap is currently $3.46B and has a P/E ratio of 26.28.
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Simply Good Foods (SMPL) Company Description:
The Simply Good Foods Co. engages in the development, marketing, and sale of nutritional food and snacking products. Its products include nutrition bars, ready-to-drink shakes, snacks, confectionery, and frozen meals under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brands. The company was founded on March 30, 2017 and is headquartered in Denver, CO.
Read More on SMPL:
- Simply Good Foods see FY24 net sales increase at high end of 4%-6%
- Simply Good Foods reports Q4 adjusted EPS 45c, consensus 45c
- The Simply Good Foods Company Reports Fiscal Fourth Quarter and Full Fiscal Year 2023 Financial Results and Provides Full Fiscal Year 2024 Outlook
- The Simply Good Foods Company (SMPL) Q4 Earnings Cheat Sheet
- Simply Good Foods to Report Fourth Quarter and Full Fiscal Year 2023 Financial Results on Tuesday, October 24, 2023
