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Stock impact report

Bernstein SocGen Raised Price Target for Simply Good Foods (SMPL) to $31 [Yahoo! Finance]

The Simply Good Foods Company (SMPL) 
Last the simply good foods company earnings: 4/6 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
On December 19, Alexia Burland Howard from Bernstein SocGen reaffirmed her Buy rating on Simply Good Foods (NASDAQ:SMPL). She also revised her target price from $29 to $31, which now results in an upside of almost 45%. Pixabay/Public Domain Howard pointed out the consensus topline growth forecasts, which do not align with U.S. scanner sales data. Despite some weakness in Atkins products, she observed promising signs across brands accounting for about 75% of the remaining sales mix. This includes Quest and OWYN products, which exhibit growth in high-teens during the prior 12 months. It is to be noted that these two brands account for approximately 50% of the product portfolio sales. On December 15, Deutsche Bank analyst Stephen Powers reiterated his neutral stance on Simply Good Foods (NASDAQ:SMPL). He assigned a Hold rating to the stock and revised the target price downwards from $26 to $22. His estimates now lead to a flat growth potential in share price, precisely around 3%. Show less Read more
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