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Simply Good Foods (SMPL) Stock Forecast & Price Target

$33.45
-0.10 (-0.30%)
(As of 04:28 PM ET)

Simply Good Foods - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 7 Wall Street analysts who have issued ratings for Simply Good Foods in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 3 have given a hold rating, and 4 have given a buy rating for SMPL.

Consensus Price Target

$40.29
20.44% Upside
High Forecast$50.00
Average Forecast$40.29
Low Forecast$34.00

According to the 7 analysts' twelve-month price targets for Simply Good Foods, the average price target is $40.29. The highest price target for SMPL is $50.00, while the lowest price target for SMPL is $34.00. The average price target represents a forecasted upside of 20.44% from the current price of $33.45.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
8 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$40.29$39.86$40.14$41.83
Forecasted Upside20.44% Upside14.48% Upside18.52% Upside14.91% Upside
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SMPL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SMPL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Simply Good Foods Stock vs. The Competition

TypeSimply Good FoodsConsumer Staples CompaniesS&P 500
Consensus Rating Score
2.57
2.44
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside19.90% Upside713.10% Upside10.06% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/1/2024DA Davidson
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$35.00 ➝ $38.00+4.68%
6/28/2024Needham & Company LLC
3 of 5 stars
 Reiterated RatingBuy ➝ Buy$41.00 ➝ $41.00+14.88%
6/14/2024Deutsche Bank Aktiengesellschaft
2 of 5 stars
 Boost TargetHold ➝ Hold$36.00 ➝ $37.00+0.54%
6/14/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$38.00 ➝ $40.00+9.29%
4/22/2024TD Cowen
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 Initiated CoverageHold$34.00+2.50%
4/11/2024Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$42.00+30.39%
4/5/2024Mizuho
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 Reiterated RatingBuy ➝ Buy$50.00+52.77%
4/6/2023UBS Group
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 Lower TargetBuy$45.00 ➝ $43.00+18.16%
3/29/2023Stephens
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 Boost TargetOverweight$40.00 ➝ $43.00+11.46%
1/8/2023Citigroup
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 Lower Target$50.00 ➝ $46.00+29.72%
1/6/2023Credit Suisse Group
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 Lower TargetOutperform$42.00 ➝ $40.00+14.74%
12/14/2022Cowen
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 Initiated CoverageMarket Perform$42.00+11.14%
8/16/2022The Goldman Sachs Group
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 Lower TargetBuy$49.00 ➝ $44.00+30.14%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:27 PM ET.

SMPL Forecast - Frequently Asked Questions

What is Simply Good Foods' forecast for 2024?

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Simply Good Foods is $40.29, with a high forecast of $50.00 and a low forecast of $34.00.

Should I buy or sell Simply Good Foods stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Simply Good Foods in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SMPL shares.

Does Simply Good Foods's stock price have much upside?

According to analysts, Simply Good Foods's stock has a predicted upside of 15.81% based on their 12-month stock forecasts.

What analysts cover Simply Good Foods?

Simply Good Foods has been rated by research analysts at DA Davidson, Deutsche Bank Aktiengesellschaft, Needham & Company LLC, and Stifel Nicolaus in the past 90 days.

Do Wall Street analysts like Simply Good Foods more than its competitors?

Analysts like Simply Good Foods more than other "consumer staples" companies. The consensus rating for Simply Good Foods is Moderate Buy while the average consensus rating for "consumer staples" companies is Hold. Learn more on how SMPL compares to other companies.


This page (NASDAQ:SMPL) was last updated on 7/24/2024 by MarketBeat.com Staff

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