TD Cowen Cuts Simply Good Foods (NASDAQ:SMPL) Price Target to $11.00

Simply Good Foods (NASDAQ:SMPL) had its price target cut by research analysts at TD Cowen from $13.00 to $11.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price target would indicate a potential upside of 2.75% from the stock’s current price.

Other equities analysts have also issued reports about the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Simply Good Foods in a research report on Thursday, June 18th. UBS Group set a $15.00 price target on shares of Simply Good Foods in a research report on Friday, July 10th. Zacks Research raised shares of Simply Good Foods from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $14.00 price objective on shares of Simply Good Foods in a research note on Friday, July 10th. Finally, Jefferies Financial Group set a $17.00 target price on shares of Simply Good Foods in a research note on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.00.

Simply Good Foods Stock Down 2.2%

Shares of NASDAQ SMPL opened at $10.71 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.10 and a current ratio of 4.80. Simply Good Foods has a 1 year low of $9.88 and a 1 year high of $29.32. The stock’s 50-day simple moving average is $11.71 and its 200-day simple moving average is $13.02. The firm has a market cap of $947.05 million, a price-to-earnings ratio of -4.94 and a beta of 0.15.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SMPL. EverSource Wealth Advisors LLC raised its stake 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 worth $31,000 after acquiring an additional 538 shares during the period. Johnson Financial Group Inc. acquired a new position in Simply Good Foods in the third quarter valued at approximately $36,000. Hantz Financial Services Inc. boosted its stake in 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 valued at $36,000 after acquiring an additional 807 shares during the period. Parallel Advisors LLC grew its holdings in shares of Simply Good Foods by 167.4% during 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 last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Simply Good Foods during the second quarter valued at approximately $30,000. 88.45% of the stock is currently owned by institutional investors.

More Simply Good Foods News

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

• Neutral Sentiment: Investors who purchased SMPL shares during the alleged class period—October 24, 2024, through April 8, 2026—have until October 13, 2026, to seek appointment as lead plaintiff. The deadline is procedural and does not determine the merits of the allegations. Kaplan Fox class-action deadline announcement
• Negative Sentiment: The lawsuit alleges that Simply Good Foods and certain former executives made misleading statements about the progress and prospects of integrating OWYN, a roughly $280 million acquisition. The allegations concern potential violations of federal securities laws; the company’s liability has not been established. Levi and Korsinsky lawsuit announcement
• Negative Sentiment: According to the law-firm notices, shareholders experienced a decline of more than 70% during the broader period, while Simply Good Foods recorded a $200 million write-down tied to the acquisition. These claims highlight concerns about acquisition execution, asset values, management disclosures and possible litigation costs. Kahn Swick and Foti securities-fraud announcement
• Negative Sentiment: The large number of investor-rights firms promoting the same case keeps the allegations in focus and may weigh on sentiment by increasing perceived regulatory, reputational and financial risks. The announcements themselves do not represent new operating results or a new company filing.

About Simply Good Foods

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.