Simply Good Foods (NASDAQ:SMPL) Hits New 12-Month Low – Time to Sell?

The Simply Good Foods Company (NASDAQ:SMPL) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $9.69 and last traded at $9.7850, with a volume of 106554 shares trading hands. The stock had previously closed at $10.01.

More Simply Good Foods News

Here are the key news stories impacting Simply Good Foods this week:

• Positive Sentiment: One recent investment analysis argues that SMPL may be undervalued despite its operational problems, potentially offering upside if management stabilizes the business and restores growth. Simply Good Foods: Too Tasty To Ignore, Even With Its Problems
• Neutral Sentiment: Analysts have a consensus rating of “Hold”, indicating limited conviction that the shares will outperform or materially underperform in the near term. Simply Good Foods Receives Consensus Hold Rating
• Negative Sentiment: Several law firms, including Levi & Korsinsky, Pomerantz, Rosen, Kaplan Fox and others, are soliciting investors who purchased SMPL shares between October 24, 2024, and April 8, 2026, to participate in or lead the class action. The repeated notices increase visibility around the company’s legal and reputational risks. Levi & Korsinsky Class Action Notice
• Negative Sentiment: The allegations center on projected fiscal 2025 OWYN sales of $135 million to $145 million, subsequent brand contraction of nearly 17%, and a reported $187 million impairment charge. Plaintiffs claim investors were not adequately informed about these risks, contributing to a substantial decline in SMPL shares and raising the possibility of litigation costs or settlement payments. SMPL Shareholder Alert

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. TD Cowen dropped their price target on shares of Simply Good Foods from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, August 26th. Truist Financial set a $11.00 price objective on Simply Good Foods in a report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $14.00 target price on shares of Simply Good Foods in a research note on Friday, July 10th. Sanford C. Bernstein lowered Simply Good Foods from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $17.00 to $12.00 in a report on Wednesday, June 3rd. Finally, UBS Group set a $15.00 target price on Simply Good Foods in a report on Friday, July 10th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Simply Good Foods has an average rating of “Hold” and a consensus target price of $14.45.

Simply Good Foods Price Performance

The business has a 50-day moving average price of $10.80 and a 200 day moving average price of $12.18. The company has a market cap of $863.81 million, a price-to-earnings ratio of -4.48 and a beta of 0.17. The company has a current ratio of 4.80, a quick ratio of 3.10 and a debt-to-equity ratio of 0.28.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings results on Thursday, July 9th. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.07. Simply Good Foods had a positive return on equity of 9.34% and a negative net margin of 14.28%.The firm had revenue of $356.98 million for the quarter, compared to analyst estimates of $332.99 million. During the same period in the previous year, the firm earned $0.51 earnings per share. Simply Good Foods’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, research analysts expect that The Simply Good Foods Company will post 1.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Simply Good Foods

Several institutional investors and hedge funds have recently bought and sold shares of SMPL. Sequoia Financial Advisors LLC bought a new stake in Simply Good Foods during the 2nd quarter worth approximately $167,000. Tidal Investments LLC acquired a new stake in shares of Simply Good Foods during the second quarter worth about $609,000. Integrated Wealth Concepts LLC bought a new position in Simply Good Foods during the 2nd quarter worth about $213,000. Allworth Financial LP boosted its holdings in Simply Good Foods by 358.8% during the second quarter. Allworth Financial LP now owns 5,437 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 4,252 shares during the last quarter. Finally, Corient Private Wealth LP acquired a new position in shares of Simply Good Foods during the 2nd quarter worth approximately $277,000. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Company Profile

Simply Good Foods Co (NASDAQ:SMPL) is a consumer packaged food company focused on nutrition-focused snacks and beverages. Its portfolio is built around products that support low-carbohydrate, high-protein and better-for-you eating preferences.

The company’s principal brands include Atkins, which offers nutrition bars, shakes, frozen meals, confectionery products and other low-carbohydrate foods, and Quest, which markets protein bars, cookies, chips, snacks, powders and ready-to-drink beverages.