DA Davidson analyst Brian Holland initiated coverage of Simply Good Foods with a Neutral rating and $42 price target. The analyst believes Simply shares continue to be most correlated with its legacy brand’s performance given the market’s long held skepticism. After a period of strong growth following the strategic pivot from programmatic to self-directed dieters, Atkins has stalled, adds the firm.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SMPL:
- Simply Good Foods price target raised to $37 from $36 at Jefferies
- Simply Good Foods see FY24 net sales increase at high end of 4%-6%
- Simply Good Foods reports Q4 adjusted EPS 45c, consensus 45c
- The Simply Good Foods Company Reports Fiscal Fourth Quarter and Full Fiscal Year 2023 Financial Results and Provides Full Fiscal Year 2024 Outlook
- The Simply Good Foods Company (SMPL) Q4 Earnings Cheat Sheet