Mizuho Issues Pessimistic Forecast for Simply Good Foods (NASDAQ:SMPL) Stock Price

Simply Good Foods (NASDAQ:SMPL) had its price target reduced by Mizuho from $43.00 to $35.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Mizuho’s price objective would suggest a potential upside of 83.82% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Stifel Nicolaus set a $32.00 target price on Simply Good Foods in a research report on Friday, October 24th. Zacks Research lowered shares of Simply Good Foods from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft set a $26.00 price objective on shares of Simply Good Foods and gave the stock a “hold” rating in a research report on Friday, October 24th. Morgan Stanley set a $24.00 price objective on Simply Good Foods in a report on Monday, October 27th. Finally, Weiss Ratings cut Simply Good Foods from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Simply Good Foods presently has a consensus rating of “Hold” and an average target price of $32.22.

Simply Good Foods Stock Performance

Shares of NASDAQ:SMPL opened at $19.04 on Wednesday. Simply Good Foods has a fifty-two week low of $18.47 and a fifty-two week high of $40.53. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 3.32 and a beta of 0.47. The business’s fifty day moving average price is $24.05 and its two-hundred day moving average price is $29.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.64 and a quick ratio of 2.30.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). Simply Good Foods had a return on equity of 10.06% and a net margin of 7.14%.The firm had revenue of $369.04 million for the quarter, compared to analyst estimates of $369.07 million. During the same period in the previous year, the business posted $0.50 EPS. The business’s quarterly revenue was down 1.8% on a year-over-year basis. Simply Good Foods has set its FY 2026 guidance at EPS. As a group, analysts predict that Simply Good Foods will post 1.78 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Christopher J. Bealer bought 9,946 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was bought at an average cost of $20.01 per share, for a total transaction of $199,019.46. Following the transaction, the chief financial officer owned 32,966 shares of the company’s stock, valued at $659,649.66. This represents a 43.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Simply Good Foods

A number of institutional investors have recently added to or reduced their stakes in SMPL. William Blair Investment Management LLC bought a new position in Simply Good Foods in the second quarter valued at about $48,841,000. Norges Bank bought a new stake in Simply Good Foods in the 2nd quarter valued at about $36,419,000. Wellington Management Group LLP grew its position in Simply Good Foods by 18.3% in the 1st quarter. Wellington Management Group LLP now owns 4,195,497 shares of the financial services provider’s stock valued at $144,703,000 after purchasing an additional 649,258 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Simply Good Foods by 52.1% in the first quarter. Victory Capital Management Inc. now owns 1,539,208 shares of the financial services provider’s stock valued at $53,087,000 after purchasing an additional 527,089 shares in the last quarter. Finally, Benchstone Capital Management LP purchased a new stake in Simply Good Foods in the 2nd quarter valued at about $16,373,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Simply Good Foods Company Profile

The Simply Good Foods Company operates as a consumer-packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, protein chips, and recipes under the Atkins and Quest brand names.