Simply Good Foods Co is a consumer-packaged food and beverage company specializing in the development, marketing, and sale of snacks and meal replacements under renowned brands like Quest, Atkins, and OWYN. The company’s offerings include protein bars, shakes, chips, and a variety of confectionery products, sold through retail and e-commerce platforms.
Notably, Simply Good Foods has a Beta of 0.64, indicating lower volatility relative to the market. Upcoming quarterly earnings on January 9, 2025, are expected to provide further insight into the company’s performance.
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Recent Performance and Market Conditions:
Simply Good Foods Co’s stock closed at USD 39.50, marking a +0.71% gain over the past week and +0.48% over the past month. However, the stock has seen a -3.87% dip over the past year, reflecting broader macroeconomic challenges in the packaged foods sector.
Stock Target Advisor’s Analysis on SMPL:
Stock Target Advisor has a Slightly Bullish outlook on Simply Good Foods Co, citing seven positive signals such as superior earnings growth, positive cash flow, and strong returns on assets.
However, the analysis also highlights four negative signals, including high valuations compared to peers on price-to-earnings and price-to-cash-flow bases. The platform estimates a target price of USD 64, projecting a 62.03% price change over the next 12 months.
Investor Sentiment and Analyst Ratings:
Simply Good Foods Co enjoys strong support from analysts, with five analysts offering an average target price of USD 60. The ratings include:
- Mizuho Securities: Buy (Target: USD 48)
- Deutsche Bank: Hold (Target: USD 38)
- Bank of America Merrill Lynch: Buy (Target: USD 155)
- Mizuho Securities: Outperform (Target: USD 40-45)
- Stifel Nicolaus: Buy (Target: USD 40)
The consensus demonstrates a robust investor sentiment with four buy ratings and two hold ratings.
Conclusion:
Simply Good Foods Co (NASDAQ: SMPL) is a prominent player in the packaged foods industry, recognized for its steady market presence and growth potential. With upcoming earnings and sector trends favoring consumer-packaged goods, SMPL remains a stock to watch in 2025.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
