Simply Good Foods (NASDAQ:SMPL) Earns “Neutral” Rating from DA Davidson

Simply Good Foods (NASDAQ:SMPL)‘s stock had its “neutral” rating reissued by equities research analysts at DA Davidson in a note issued to investors on Friday,Benzinga reports. They presently have a $39.00 price target on the financial services provider’s stock. DA Davidson’s price objective indicates a potential upside of 273.56% from the stock’s current price.

Several other research firms also recently weighed in on SMPL. Stephens reissued an “equal weight” rating and issued a $14.00 price target (down from $24.00) on shares of Simply Good Foods in a research note on Friday. Mizuho set a $30.00 price target on shares of Simply Good Foods in a research note on Thursday, January 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Simply Good Foods in a research note on Monday, December 29th. UBS Group lowered their price target on shares of Simply Good Foods from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Jefferies Financial Group raised shares of Simply Good Foods from a “hold” rating to a “buy” rating and lowered their price target for the stock from $23.00 to $22.00 in a research note on Monday, March 16th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $22.64.

Simply Good Foods Price Performance

Shares of NASDAQ:SMPL opened at $10.44 on Friday. The stock has a market cap of $966.43 million, a PE ratio of -8.77 and a beta of 0.33. The company’s fifty day moving average is $15.45 and its 200 day moving average is $18.97. Simply Good Foods has a 52 week low of $10.21 and a 52 week high of $38.15. The company has a quick ratio of 3.24, a current ratio of 5.06 and a debt-to-equity ratio of 0.27.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings results on Thursday, April 9th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. The business had revenue of $326.01 million during the quarter, compared to the consensus estimate of $345.08 million. Simply Good Foods had a negative net margin of 7.46% and a positive return on equity of 9.72%. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. Research analysts anticipate that Simply Good Foods will post 1.78 earnings per share for the current year.

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. California State Teachers Retirement System raised 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 valued at $2,795,000 after buying an additional 383 shares during the last quarter. NorthCrest Asset Manangement LLC raised its holdings in Simply Good Foods by 6.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 8,843 shares of the financial services provider’s stock valued at $215,000 after buying an additional 510 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 538 shares during the last quarter. AQR Capital Management LLC raised its holdings in Simply Good Foods by 3.4% during the 1st quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock valued at $656,000 after buying an additional 617 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in Simply Good Foods by 4.1% during the 4th quarter. Cerity Partners LLC now owns 18,000 shares of the financial services provider’s stock valued at $361,000 after buying an additional 701 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods News Summary

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

• Positive Sentiment: Q2 EPS beat estimates (reported $0.45 vs. $0.40 expected), demonstrating some earnings resilience despite revenue weakness. Zacks: Q2 Earnings Beat
• Neutral Sentiment: The company lowered FY26 revenue guidance and gave weaker Q3 revenue targets, signaling a material slowdown in top‑line growth — this explains the stock’s sell‑off but also sets a clearer baseline for future expectations. MarketBeat: Worst Day in Years
• Neutral Sentiment: Some sell‑side firms reaffirmed coverage with varied targets (DA Davidson reaffirmed “neutral” with a $39 PT), showing divergent analyst views—this can cause volatility as investors digest conflicting signals. Benzinga: DA Davidson
• Negative Sentiment: Several firms cut price targets or lowered ratings (Morgan Stanley to $14, TD Cowen to $13, Stephens to $14; Stifel lowered its PT from $32 to $20), which amplifies downside pressure as sell‑side expectations reset lower. Benzinga: Analyst PT Changes
• Negative Sentiment: Structural demand issues: Quest bars face intensifying competition while Atkins is losing share amid GLP‑1 drug adoption, reducing growth levers and requiring multi‑quarter fixes. MarketBeat: Brand Pressure
• Negative Sentiment: Multiple law firms have launched securities‑fraud investigations (BFA Law, Bragar Eagel & Squire, Kirby McInerney), citing the sharp stock drop and guidance/expansion issues — legal scrutiny raises headline risk and could be a drag while unresolved. GlobeNewswire: BFA Law Investigation

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.