Simply Goods Group (SMPL) Reiterated at Buy by Stifel: Quest, OWYN Growth Engines

Stifel analyst Matthew Smith reiterated a Buy rating and $32.00 price target on The Simply Goods Group (NASDAQ: SMPL).

The analyst commented, "Simply Good Food’s first quarter results were slightly ahead of our expectations supported by a stronger profit margin performance and revenues that were modestly above our estimate. EBITDA of $55.6 million and organic sales of -0.3% were roughly $3 million and 1ppt. above our estimates respectively. Quest and OWYN are the growth engines for Simply Good Foods; consumption on a combined basis was up double-digits and we estimate these brands will maintain their momentum with consumption up approximately 10% for the year. The company reiterated its FY26 revenue, gross margin, and EBITDA guidance and our estimates for FY26 and FY27 are mostly unchanged. We believe Simply is well positioned for EBITDA growth outpacing revenue in FY27. We continue with our Buy rating and $32 target price."

For an analyst ratings summary and ratings history on The Simply Goods Group click here. For more ratings news on The Simply Goods Group click here.

Shares of The Simply Goods Group closed at $20.65 yesterday.

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