The Simply Good Foods Company Reports Fiscal Second Quarter 2024 Financial Results and Updates Full Fiscal Year 2024 Net Sales and Adjusted EBITDA Outlook

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The Simply Goods Group (SMPL) PT Lowered to $40 at Mizuho

April 8, 2024 6:37 AM EDT

Mizuho analyst John Baumgartner lowered the price target on The Simply Goods Group (NASDAQ: SMPL) to $40.00 (from $50.00) while maintaining a Buy rating.

The analyst comments "Our Take: As Expected, Atkins Softness Drives Guidance Reduction but Priced in. YTD weakness in SMPL shares (-18%... More

The Simply Goods Group (SMPL) PT Lowered to $36 at Deutsche Bank

April 5, 2024 4:56 AM EDT

Deutsche Bank analyst Steve Powers lowered the price target on The Simply Goods Group (NASDAQ: SMPL) to $36.00 (from $39.00) while maintaining a Hold rating.

The analyst comments "As mentioned this morning, SMPL's FY2Q24 results and lowered FY24 sales outlook (owing to weaker-than-orginally-anticipated Atkins performance) were broadly in line with market expectations that had reset lower intraquarter. As such, the stock movement on the day was relatively muted (+0.4% vs. S&P -1.2%). Although Quest's momentum remains strong (noting that management still... More