Simply Good Foods (NASDAQ:SMPL) Price Target Cut to $13.00 by Analysts at TD Cowen

Key Points

• TD Cowen cut its price target on Simply Good Foods from $20 to $13 and kept a "hold" rating, with the $13 target implying roughly a 21% upside from the current share price.
• The company posted a quarter where EPS beat ($0.45 vs. $0.40) but revenue missed ($326M, down 9.4% Y/Y) and management cut FY26 guidance, triggering a steep share sell‑off to about $10.76.
• At least two law firms have launched securities‑fraud probes related to the earnings and outlook revision, adding legal risk and investor uncertainty.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) had its price objective lowered by stock analysts at TD Cowen from $20.00 to $13.00 in a report released on Friday,Benzinga reports. The brokerage currently has a "hold" rating on the financial services provider's stock. TD Cowen's target price would suggest a potential upside of 20.87% from the stock's current price.

A number of other brokerages have also issued reports on SMPL. Jefferies Financial Group raised Simply Good Foods from a "hold" rating to a "buy" rating and dropped their target price for the stock from $23.00 to $22.00 in a research report on Monday, March 16th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Simply Good Foods in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $22.00 price target on shares of Simply Good Foods in a research report on Monday, December 15th. Mizuho set a $30.00 price target on shares of Simply Good Foods in a research report on Thursday, January 15th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Simply Good Foods in a research report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $24.55.

Simply Good Foods Trading Down 8.9%

Shares of Simply Good Foods stock traded down $1.05 during trading hours on Friday, reaching $10.76. 3,329,779 shares of the company's stock were exchanged, compared to its average volume of 2,444,213. Simply Good Foods has a 52-week low of $10.21 and a 52-week high of $38.15. The firm has a market capitalization of $995.59 million, a price-to-earnings ratio of 11.94 and a beta of 0.33. The company has a fifty day moving average of $15.61 and a 200-day moving average of $19.13. The company has a current ratio of 5.01, a quick ratio of 3.24 and a debt-to-equity ratio of 0.23.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its 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 for the quarter, compared to analyst estimates of $345.08 million. Simply Good Foods had a return on equity of 9.56% and a net margin of 6.26%.The business's quarterly revenue was down 9.4% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. Sell-side analysts forecast that Simply Good Foods will post 1.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SMPL. Hsbc Holdings PLC acquired a new stake in shares of Simply Good Foods during the 4th quarter valued at $599,000. Corient Private Wealth LLC acquired a new stake in shares of Simply Good Foods during the 4th quarter valued at $302,000. Villanova Investment Management Co LLC acquired a new stake in shares of Simply Good Foods during the 4th quarter valued at $1,794,000. River Road Asset Management LLC acquired a new stake in shares of Simply Good Foods during the 4th quarter valued at $31,857,000. Finally, Pacer Advisors Inc. acquired a new stake in shares of Simply Good Foods during the 4th quarter valued at $6,499,000. Institutional investors and hedge funds own 88.45% of the company's stock.

Trending Headlines about Simply Good Foods

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

• Positive Sentiment: Q2 EPS beat: Adjusted EPS of $0.45 topped expectations (~$0.40), showing underlying profitability resilience despite top‑line pressure. Article Title
• Positive Sentiment: Stifel reduced its price target but kept a Buy rating (PT cut from $32 to $20), signaling some analysts still see upside vs. current levels. Benzinga
• Neutral Sentiment: Stephens reaffirmed an Equal Weight rating but cut its PT to $14, reflecting more guarded near‑term expectations—mixed analyst tone that limits clarity for investors. Benzinga
• Neutral Sentiment: Management’s earnings call and supplemental materials provided limited incremental detail on a clear turnaround plan, according to call writeups — leaving questions about timing of a recovery. TipRanks
• Negative Sentiment: Revenue miss and lowered guidance: Q2 revenue of $326.0M fell ~9.4% Y/Y and below estimates; FY26 revenue outlook was cut (now down ~7–10% vs prior –2% to 2%), driving the sharp sell‑off. GlobeNewswire
• Negative Sentiment: Brand pressure: Quest growth slowed (bars down, chips up but competitive pressure rising) and Atkins faces secular headwinds from GLP‑1 weight‑loss drugs; lost retailer distribution after cutting unprofitable promotions. These are structural issues that may take multiple quarters to fix. MarketBeat analysis
• Negative Sentiment: Securities‑fraud investigations: At least two law firms (BFA Law, Kirby McInerney) announced probes into potential securities claims following the earnings and outlook revision — adds litigation/legal risk and investor uncertainty. BFA Law (Business Wire) Kirby McInerney (Business Wire)

Simply Good Foods Company Profile

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.

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