Simply Good Foods (NASDAQ:SMPL) Shares Cross Above 50 Day Moving Average - Here's What Happened

Key Points

• SMPL shares moved above their 50-day moving average, reaching $10.88 and last trading at $10.84 on volume of nearly 4 million shares.
• Fiscal fourth-quarter results exceeded expectations, with adjusted EPS of $0.44 and revenue of $333.3 million; however, revenue fell 9.7% year over year and adjusted EBITDA declined to $57.5 million.
• Fiscal 2027 guidance points to continued pressure, with net sales projected to decline 13%–17% and adjusted EBITDA to fall 9%–14%, prompting analyst downgrades and a consensus “Hold” rating with a $13.36 price target.

The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $10.43 and traded as high as $10.88. Simply Good Foods shares last traded at $10.84, with a volume of 3,956,445 shares traded.

More Simply Good Foods News

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

• Positive Sentiment: Fiscal fourth-quarter adjusted EPS was $0.44, above the $0.40 consensus estimate, while revenue of $333.3 million also exceeded expectations of approximately $327 million. Net income returned to $30.5 million, compared with a $12.4 million loss a year earlier. Simply Good Foods Shares Rise 7% As Company Returns To Profit
• Positive Sentiment: The company expects gross margin to expand by 250–300 basis points in fiscal 2027, supported by pricing actions and a marketing reset. Management expects these initiatives to improve performance during the second half of the year. Simply Good Foods fiscal 2027 outlook
• Neutral Sentiment: Adjusted EPS declined from $0.46 in the prior-year quarter to $0.44, and adjusted EBITDA fell to $57.5 million from $66.2 million, indicating that cost and margin improvements have not yet offset weaker operating performance. Simply Good Foods fiscal 2026 results
• Negative Sentiment: Management forecasts fiscal 2027 net sales to decline 13%–17% year over year and adjusted EBITDA to fall 9%–14%. The outlook reflects continuing topline pressure and contributed to investor concerns about a broader growth reset. Simply Good Foods Reports Q4 Earnings Above Estimates
• Negative Sentiment: Jefferies downgraded SMPL because of concerns about weak topline growth, while other analysis characterized the company’s sales issues as escalating and highlighted the risk that the fiscal 2027 reset could take time to reverse. Jefferies downgrades Simply Good Foods

Analysts Set New Price Targets

Several research firms have recently commented on SMPL. Weiss Ratings lowered shares of Simply Good Foods from a "sell (d)" rating to a "sell (d-)" rating in a research note on Monday, October 12th. DA Davidson set a $12.00 target price on shares of Simply Good Foods in a research note on Monday. Jefferies Financial Group lowered shares of Simply Good Foods from a "buy" rating to a "hold" rating and reduced their target price for the stock from $15.00 to $11.00 in a report on Wednesday. Stifel Nicolaus reduced their target price on shares of Simply Good Foods from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, UBS Group decreased their price target on shares of Simply Good Foods from $12.00 to $11.00 and set a "neutral" rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $13.36.

Simply Good Foods Stock Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 4.80 and a quick ratio of 3.10. The company has a market capitalization of $958.91 million, a price-to-earnings ratio of -5.00 and a beta of 0.19. The stock has a 50 day simple moving average of $10.43 and a two-hundred day simple moving average of $13.03.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. Simply Good Foods had a positive return on equity of 9.34% and a negative net margin of 14.28%. The company had revenue of $333.31 million during the quarter, compared to the consensus estimate of $327.03 million. During the same period in the previous year, the business earned $0.46 EPS. Simply Good Foods's revenue for the quarter was down 9.7% on a year-over-year basis. As a group, analysts anticipate that The Simply Good Foods Company will post 1.53 earnings per share for the current year.

Institutional Investors Weigh In On Simply Good Foods

Several institutional investors have recently added to or reduced their stakes in SMPL. State of Wyoming grew its position in shares of Simply Good Foods by 111.5% in the 3rd quarter. State of Wyoming now owns 33,377 shares of the financial services provider's stock valued at $317,000 after buying an additional 17,598 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in Simply Good Foods by 91.0% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 6,256 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 2,981 shares during the last quarter. Counterpoint Mutual Funds LLC boosted its stake in Simply Good Foods by 3,594.3% in the third quarter. Counterpoint Mutual Funds LLC now owns 978,657 shares of the financial services provider's stock valued at $9,287,000 after acquiring an additional 952,166 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Simply Good Foods by 1,195.2% in the third quarter. Assenagon Asset Management S.A. now owns 1,112,684 shares of the financial services provider's stock valued at $10,559,000 after acquiring an additional 1,026,775 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Simply Good Foods in the second quarter valued at $167,000. Hedge funds and other institutional investors own 88.45% of the company's stock.

About Simply Good Foods

The Simply Good Foods Company NASDAQ: SMPL is a consumer packaged food company focused on convenient, nutrition-focused products. Its portfolio is built around the Atkins and Quest brands, which serve consumers seeking lower-carbohydrate, higher-protein and better-for-you food options.

The company offers a variety of products, including protein bars, snack bars, shakes, cookies, chips, confectionery items, protein powders and frozen foods. Its products are sold through grocery stores, mass merchants, club stores, drugstores, convenience stores, e-commerce platforms and other retail channels.

Simply Good Foods was established in 2017 through the combination of Conyers Park Acquisition Corp.

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