Simply Good Foods (NASDAQ:SMPL) Sets New 1-Year Low – Here’s Why

by · The Cerbat Gem

The Simply Good Foods Company (NASDAQ:SMPL – Get Free Report)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as $9.69 and last traded at $9.7850, with a volume of 106554 shares changing hands. The stock had previously closed at $10.01.

Key Headlines Impacting Simply Good Foods

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

  • Neutral Sentiment: Reported short-interest data showed zero shares sold short as of September 24, implying no measurable short-selling pressure. However, the reported figure conflicts with the description of a “significant increase” in short interest and may reflect a data anomaly.
  • Neutral Sentiment: An analyst summary identified a consensus “Hold” rating, suggesting limited near-term conviction among analysts rather than a clear bullish catalyst. Simply Good Foods receives consensus Hold rating
  • Negative Sentiment: Multiple law firms announced or promoted a securities class action against Simply Good Foods and certain former and current officers. The allegations reportedly include concealing an oversized organizational structure, rising general and administrative expenses, and extensive discounting that masked margin deterioration. These are allegations and have not been proven in court. Rosen class-action deadline notice
  • Negative Sentiment: Investors who purchased SMPL shares between October 24, 2024, and April 8, 2026, have until October 13, 2026, to seek appointment as lead plaintiff. The unusually large number of law-firm notices increases visibility around the litigation and may weigh on investor sentiment, potentially creating financial, management and reputational risks for the company. Robbins Geller class-action investor alert

Analyst Ratings Changes

SMPL has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $15.00 target price on Simply Good Foods in a research report on Wednesday, August 26th. UBS Group set a $15.00 price target on shares of Simply Good Foods in a report on Friday, July 10th. Zacks Research upgraded shares of Simply Good Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Simply Good Foods in a report on Monday, September 14th. Finally, Sanford C. Bernstein lowered shares of Simply Good Foods from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $17.00 to $12.00 in a research report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Simply Good Foods presently has a consensus rating of “Hold” and an average price target of $14.45.

Check Out Our Latest Stock Analysis on SMPL

Simply Good Foods Stock Down 1.7%

The firm has a market cap of $834.18 million, a price-to-earnings ratio of -4.35 and a beta of 0.17. The business has a fifty day simple moving average of $10.70 and a 200 day simple moving average of $12.08. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.80 and a quick ratio of 3.10.

Simply Good Foods (NASDAQ:SMPL – Get Free Report) last issued its quarterly earnings results on Thursday, July 9th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company posted $0.51 earnings per share. The business’s revenue was down 6.3% on a year-over-year basis. As a group, equities analysts forecast that The Simply Good Foods Company will post 1.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Simply Good Foods

A number of large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC acquired a new stake in shares of Simply Good Foods in the second quarter valued at about $167,000. Tidal Investments LLC purchased a new stake in Simply Good Foods during the 2nd quarter valued at about $609,000. Integrated Wealth Concepts LLC purchased a new stake in Simply Good Foods during the 2nd quarter valued at about $213,000. Allworth Financial LP grew its stake in Simply Good Foods by 358.8% during the 2nd quarter. Allworth Financial LP now owns 5,437 shares of the financial services provider’s stock valued at $72,000 after acquiring an additional 4,252 shares in the last quarter. Finally, Corient Private Wealth LP acquired a new stake in Simply Good Foods in the 2nd quarter valued at about $277,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Simply Good Foods Company Profile

(Get Free Report)

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.

Further Reading