The Simply Goods Group (SMPL) PT Lowered to $13 at TD Cowen

TD Cowen analyst Robert Moskow lowered the price target on The Simply Goods Group (NASDAQ: SMPL) to $13.00 (from $20.00) while maintaining a Hold rating.

The analyst commented, "Simply Good Foods sharply reduced FY26 guidance and seemed to signal another decline in FY27 as part of their strategic reset. New/returning CEO Joe Scalzo attributed the poor results to loss of focus/discipline, poor execution, and cutbacks in investment as gross margin eroded. The turnaround plan sounds pragmatic, but timeline uncertain given distribution losses and inflation risk in FY27."

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