Weiss Ratings Downgrades Simply Good Foods (NASDAQ:SMPL) to Sell (D+)

Key Points

• Weiss Ratings has downgraded Simply Good Foods from a "hold (C-)" to a "sell (D+)" rating, signaling negative sentiment from analysts.
• Simply Good Foods reported a missed earnings estimate for the quarter, with earnings per share of $0.46 compared to the consensus estimate of $0.48.
• The stock is trading at $20.26, down 1.8%, with a fifty-two week range between $18.47 and $40.53, indicating significant volatility in its value.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) was downgraded by analysts at Weiss Ratings from a "hold (c-)" rating to a "sell (d+)" rating in a research report issued on Saturday,Weiss Ratings reports.

A number of other research firms have also weighed in on SMPL. Morgan Stanley set a $28.00 price objective on shares of Simply Good Foods in a research report on Thursday, October 16th. Jefferies Financial Group decreased their price objective on shares of Simply Good Foods from $32.00 to $27.00 and set a "hold" rating for the company in a research note on Wednesday. Sanford C. Bernstein set a $45.00 price objective on Simply Good Foods and gave the company an "outperform" rating in a research report on Friday, July 11th. Deutsche Bank Aktiengesellschaft set a $26.00 target price on shares of Simply Good Foods and gave the company a "hold" rating in a research note on Friday. Finally, UBS Group cut their price target on shares of Simply Good Foods from $27.00 to $23.00 and set a "neutral" rating on the stock in a report on Friday. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $33.56.

Simply Good Foods Stock Down 1.8%

NASDAQ:SMPL traded down $0.37 during midday trading on Friday, hitting $20.26. 3,276,079 shares of the company were exchanged, compared to its average volume of 1,584,724. Simply Good Foods has a fifty-two week low of $18.47 and a fifty-two week high of $40.53. The company has a current ratio of 3.64, a quick ratio of 2.46 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $2.04 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 2.22 and a beta of 0.53. The company has a fifty day simple moving average of $26.24 and a 200 day simple moving average of $31.09.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its earnings results 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). The firm had revenue of $369.04 million during the quarter, compared to analysts' expectations of $369.07 million. Simply Good Foods had a net margin of 7.14% and a return on equity of 10.06%. The firm's revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. Simply Good Foods has set its FY 2026 guidance at EPS. As a group, equities analysts anticipate that Simply Good Foods will post 1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Simply Good Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Yousif Capital Management LLC grew its stake in shares of Simply Good Foods by 1.0% in the second quarter. Yousif Capital Management LLC now owns 34,173 shares of the financial services provider's stock worth $1,080,000 after acquiring an additional 341 shares during the last quarter. 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 worth $2,795,000 after purchasing an additional 383 shares during the last quarter. Xponance Inc. raised its holdings in Simply Good Foods by 5.8% during the 1st quarter. Xponance Inc. now owns 7,325 shares of the financial services provider's stock worth $253,000 after purchasing an additional 402 shares during the last quarter. Alliance Wealth Advisors LLC UT raised its holdings in Simply Good Foods by 3.1% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 16,212 shares of the financial services provider's stock worth $559,000 after purchasing an additional 484 shares during the last quarter. Finally, Van Hulzen Asset Management LLC grew its position in shares of Simply Good Foods by 1.4% during the 1st quarter. Van Hulzen Asset Management LLC now owns 36,886 shares of the financial services provider's stock worth $1,272,000 after buying an additional 522 shares during the period. Institutional investors own 88.45% of the company's stock.

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.

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