- Citi analyst Wendy Nicholson raised the price target on Simply Good Foods Co (NASDAQ:SMPL) to $48 from $46 (15% upside) and kept a Buy rating on the shares.
- Since Simply Good is 90% covered on ingredients, the likelihood of further downside of the already pressurized gross margin is limited, Nicholson noted.
- Morgan Stanley raised the price target to $41 from $39 (1.7% downside) and maintained an Equal-Weight rating on the shares.
- Mizuho analyst John Baumgartner raised the price target to $48 from $46 and maintained a Buy rating on the shares.
- Stephens & Co analyst Ben Bienvenu increased the price target to $44 from $41 (5.5% upside) and maintained an Equal-Weight rating on the shares.
- Simply Good Foods reported $296.72 million in revenue in Q2, beating the consensus of $274.90 million.
- Price Action: SMPL shares traded higher by 3.41% at $41.58 on the last check Thursday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Read How Analysts Reacted To Simply Good Foods' Q2 Results
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks