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Stock impact report

Simply Good Foods upgraded by Jefferies on Quest brand's momentum amid 'protein megatrend' [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
Jefferies has upgraded shares of The Simply Good Foods Company (NASDAQ:SMPL) , arguing that the company's valuation does not fully reflect the strength of its Quest brand and broader exposure to growing demand for protein-focused products. The analysts see the company as well-positioned within the “protein megatrend,” with more than 85% of its sales tied to “Easy Protein” categories such as bars, shakes and snacks. Although overall growth has been modest, analysts said the headline figure of roughly 3% over the past 52 weeks understates stronger gains in the Performance and Salty Snacks segment, which grew about 12%, while declines of around 15% in Weight Management continued to weigh on results. Jefferies upgraded the stock to ‘Buy' with a $22 price target. “We upgraded shares yesterday, as valuation has overlooked the fact that Quest is a category leader growing mid-single digit percentage and the portfolio has solid exposure to the protein megatrend,' they wrote. The firm Show less Read more
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