TD Cowen Cuts Simply Good Foods (NASDAQ:SMPL) Price Target to $11.00

Simply Good Foods (NASDAQ:SMPL) had its price target decreased by stock analysts at TD Cowen from $13.00 to $11.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. TD Cowen’s target price would indicate a potential upside of 2.75% from the stock’s previous close.

SMPL has been the subject of several other reports. Mizuho set a $19.00 price objective on Simply Good Foods in a research report on Monday, May 4th. Jefferies Financial Group set a $17.00 target price on Simply Good Foods in a research note on Tuesday, June 30th. UBS Group set a $15.00 price target on shares of Simply Good Foods in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $14.00 price objective on shares of Simply Good Foods in a report on Friday, July 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Simply Good Foods in a research report on Thursday, June 18th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.00.

Simply Good Foods Stock Performance

NASDAQ:SMPL opened at $10.71 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.10 and a current ratio of 4.80. The stock has a market capitalization of $947.05 million, a P/E ratio of -4.94 and a beta of 0.15. The company has a 50 day moving average price of $11.71 and a 200 day moving average price of $13.02. Simply Good Foods has a fifty-two week low of $9.88 and a fifty-two week high of $29.32.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Thursday, July 9th. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.07. 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 $356.98 million during the quarter, compared to the consensus estimate of $332.99 million. During the same period in the previous year, the company posted $0.51 EPS. Simply Good Foods’s revenue was down 6.3% compared to the same quarter last year. Equities research analysts forecast that Simply Good Foods will post 1.54 EPS for the current year.

Institutional Investors Weigh In On Simply Good Foods

Several large investors have recently modified their holdings of SMPL. California State Teachers Retirement System raised its stake in shares of Simply Good Foods by 0.4% during the second quarter. California State Teachers Retirement System now owns 88,477 shares of the financial services provider’s stock valued at $2,795,000 after purchasing an additional 383 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Simply Good Foods by 125.4% in the second quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 538 shares during the period. AQR Capital Management LLC boosted its stake in shares of Simply Good Foods by 3.4% in the first quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock valued at $656,000 after purchasing an additional 617 shares during the period. Cerity Partners LLC grew its holdings in Simply Good Foods by 4.1% during the 4th quarter. Cerity Partners LLC now owns 18,000 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 701 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in Simply Good Foods by 3.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 23,120 shares of the financial services provider’s stock valued at $730,000 after purchasing an additional 750 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Key Simply Good Foods News

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

• Neutral Sentiment: Investors who purchased SMPL shares during the alleged class period—October 24, 2024, through April 8, 2026—have until October 13, 2026, to seek appointment as lead plaintiff. The deadline is procedural and does not determine the merits of the allegations. Kaplan Fox class-action deadline announcement
• Negative Sentiment: The lawsuit alleges that Simply Good Foods and certain former executives made misleading statements about the progress and prospects of integrating OWYN, a roughly $280 million acquisition. The allegations concern potential violations of federal securities laws; the company’s liability has not been established. Levi and Korsinsky lawsuit announcement
• Negative Sentiment: According to the law-firm notices, shareholders experienced a decline of more than 70% during the broader period, while Simply Good Foods recorded a $200 million write-down tied to the acquisition. These claims highlight concerns about acquisition execution, asset values, management disclosures and possible litigation costs. Kahn Swick and Foti securities-fraud announcement
• Negative Sentiment: The large number of investor-rights firms promoting the same case keeps the allegations in focus and may weigh on sentiment by increasing perceived regulatory, reputational and financial risks. The announcements themselves do not represent new operating results or a new company filing.

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.