- 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.
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