Goldman Sachs analyst Jason English keeps a Buy rating and $45 price target on Simply Good Foods (SMPL) after its Q2 earnings beat, though the company also posted its "fourth consecutive quarter of gross profit and EBITDA declines and lowered its bottom line outlook for the first time since becoming a public company". Goldman continues to believe that softer demand for its Atkins brand deserves the primary blame for the company’s slow-down, though it also expects this headwind to last only one more quarter as it is now beginning to cycle the weakness and should benefit from a reinvigorated innovation slate beginning with the Walmart (WMT) resets this August, the analyst tells investors in a research note.
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Published first on TheFly
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