The Simply Goods Group (SMPL) Reiterated at Buy by Stifel After Strong Q3 Results

Stifel analyst Matthew Smith reiterated a Buy rating and $20.00 price target on The Simply Goods Group (NASDAQ: SMPL).

The analyst commented, "Simply Good Foods reported a stronger than expected third quarter and raised its FY26 outlook for sales and profit; the company’s turnaround is in early days but the recently announced high-single digit pricing and early restructuring work is an encouraging start to improve the shape of the P&L and ultimately provide fuel for reinvestment to inflect household penetration and buyrate across the brands. We are raising our sales estimate to -7%, up 1.4% from our previous estimate, and estimate EBITDA of $223.5, up $1.8 million reflecting the strong third quarter. Looking ahead to FY27, we estimate a mid-single digit sales decline, mostly due to elasticity as pricing takes hold, and EBITDA of $226 million, up over 1% supported by pricing and productivity savings. We see attractive upside to Simply shares as margin improvement and improved marketing take hold, we continue with our Buy rating and $20 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 $13.01 yesterday.

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