The Simply Good Foods Company operates as a consumer packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers primarily nutrition bars, ready-to-drink (RTD) shakes, sweet and salty snacks, protein bars, cookies, pizza, protein chips, recipes, and confectionery products, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names. The company distributes its products to various retail channels, such as mass merchandise, grocery and drug channels, club stores, convenience stores, gas stations, and other channels. It also sells its products through e-commerce channels, including atkins.com, questnutrition.com, and amazon.com. The Simply Good Foods Company is headquartered in Denver, Colorado.
IPO Year:
Exchange: NASDAQ
Website: thesimplygoodfoodscompany.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/22/2024 | $34.00 | Hold | TD Cowen |
| 1/2/2024 | $41.00 → $42.00 | Buy → Hold | Deutsche Bank |
| 12/8/2023 | $42.00 | Neutral | DA Davidson |
| 9/18/2023 | $37.00 → $40.00 | Equal-Weight → Overweight | Morgan Stanley |
| 4/14/2023 | $41.00 | Buy | Stifel |
| 12/14/2022 | $42.00 | Buy | Needham |
| 6/27/2022 | $44.00 → $45.00 | Equal-Weight → Overweight | Stephens |
| 3/30/2022 | $44.00 | Buy | UBS |
| 1/27/2022 | $46.00 | Buy | Mizuho |
| 1/6/2022 | $37.00 → $39.00 | Equal-Weight | Morgan Stanley |
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DA Davidson analyst Brian Holland maintains Simply Good Foods (NASDAQ:SMPL) with a Neutral and raises the price target from $35 to $38.
Needham analyst Matt McGinley reiterates Simply Good Foods (NASDAQ:SMPL) with a Buy and maintains $41 price target.
Wall Street experienced a subdued trading day on Thursday, as traders likely chose to remain on the sidelines in anticipation of Friday’s release of the Federal Reserve’s preferred inflation gauge. In regulatory news, U.S. banks successfully passed the Federal Reserve’s 2024 stress tests. The results demonstrated that all analyzed institutions could maintain minimum capital requirements even in the face of a severe economic shock. Notably, regional banks, as tracked by the SPDR S&P Regional Banking ETF (NYSE:KRE), performed relatively better overall compared to their larger counterparts. As of midday trading in New York, major indices showed marginal gains, with small caps outperformi
The Simply Good Foods Company (NASDAQ:SMPL) reported fiscal third-quarter 2024 adjusted earnings per share of 50 cents, which beat the analyst consensus of 48 cents. It registered third-quarter revenues of $334.76 million, missing the street view of $336.749 million. North America net sales increased by 3.2%, and International net sales declined by 2.4% versus the year-ago period. Quarterly adjusted EBITDA stood at $71.9 million versus $66.6 million in the year-ago period. Gross profit was $133.6 million for the third quarter of fiscal 2024, an increase of $14.4 million from the year ago period. Gross margin was 39.9% in the third quarter of fiscal 2024 versus 36.7% last year,
Simply Good Foods (NASDAQ:SMPL) reported quarterly earnings of $0.50 per share which beat the analyst consensus estimate of $0.48 by 4.17 percent. This is a 13.64 percent increase over earnings of $0.44 per share from the same period last year. The company reported quarterly sales of $334.76 million which missed the analyst consensus estimate of $337.66 million by 0.86 percent. This is a 3.07 percent increase over sales of $324.79 million the same period last year.
Deutsche Bank analyst Steve Powers maintains Simply Good Foods (NASDAQ:SMPL) with a Hold and raises the price target from $36 to $37.
Stifel analyst Matthew Smith maintains Simply Good Foods (NASDAQ:SMPL) with a Buy and raises the price target from $38 to $40.
TD Cowen initiated coverage of Simply Good Foods with a rating of Hold and set a new price target of $34.00
Deutsche Bank downgraded Simply Good Foods from Buy to Hold and set a new price target of $42.00 from $41.00 previously
DA Davidson initiated coverage of Simply Good Foods with a rating of Neutral and set a new price target of $42.00
Morgan Stanley upgraded Simply Good Foods from Equal-Weight to Overweight and set a new price target of $40.00 from $37.00 previously
Stifel resumed coverage of Simply Good Foods with a rating of Buy and set a new price target of $41.00
Needham initiated coverage of Simply Good Foods with a rating of Buy and set a new price target of $42.00
Stephens upgraded Simply Good Foods from Equal-Weight to Overweight and set a new price target of $45.00 from $44.00 previously
UBS initiated coverage of Simply Good Foods with a rating of Buy and set a new price target of $44.00
Mizuho initiated coverage of Simply Good Foods with a rating of Buy and set a new price target of $46.00
Morgan Stanley reiterated coverage of Simply Good Foods with a rating of Equal-Weight and set a new price target of $39.00 from $37.00 previously
DENVER, Oct. 24, 2024 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ:SMPL) ("Simply Good Foods," or the "Company"), a developer, marketer and seller of branded nutritional foods and snacking products, today reported financial results for the fourteen and fifty-three weeks ended August 31, 2024. The acquisition of Only What You Need, Inc. ("OWYN") was completed on June 13, 2024; therefore, the Company's fourth quarter and full fiscal year 2024 results include approximately eleven weeks of OWYN performance. The reference to "legacy" Simply Good Foods in this press release encompasses Simply Good Foods' business excluding OWYN. Fourth Quarter Summary:(1) Net sales of $375
DENVER, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ:SMPL) ("Simply Good Foods" or the "Company"), a developer, marketer and seller of branded nutritional foods and snacking products, today announced it will report financial results for the 14 week fiscal fourth quarter and full fiscal year ended August 31, 2024, on Thursday, October 24, 2024, before market open. The Company will host a conference call to discuss these results with additional comments and details provided at that time. Participating on the call will be Geoff Tanner, President and Chief Executive Officer, and Shaun Mara, Chief Financial Officer. The conference call is scheduled to begin at 6:30 a
DENVER, June 27, 2024 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ:SMPL) ("Simply Good Foods," or the "Company"), a developer, marketer and seller of branded nutritional foods and snacking products, today reported financial results for the thirteen and thirty-nine weeks ended May 25, 2024. The Company completed the acquisition of Only What You Need, Inc. ("OWYN") on June 13, 2024, therefore, fiscal third quarter 2024 results exclude the performance of this brand. The reference to "legacy" Simply Good Foods in this press release encompasses Simply Good Foods' business excluding OWYN. Third Quarter Summary:(1) Net sales of $334.8 million versus $324.8 milli
GroundForce Capital, an investment management firm that backs high-potential B2B and B2C companies seeking to improve the health and longevity of people and the planet, is pleased to announce the sale of Only What You Need (OWYN) to The Simply Good Foods Company (NASDAQ:SMPL) for $280 million. OWYN is the fastest-growing ready-to-drink (RTD)(1) protein shake brand in the market that unites great taste and ingredient transparency. GroundForce Capital is the second-largest shareholder in OWYN. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240613763644/en/ GroundForce Capital first invested in OWYN in 2019, driven by an ongoing th
DENVER, June 13, 2024 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ:SMPL) ("Simply Good Foods," or the "Company"), a developer, marketer and seller of branded nutritional foods and snacking products, today announced it has completed the acquisition of Only What You Need ("OWYN"), a leading plant-based ready-to-drink ("RTD") protein shake brand, which was previously announced on April 29, 2024. OWYN is the fastest growing1 RTD protein shake brand in the market and enhances Simply Good Foods' portfolio with further diversification and provides the Company with a greater presence within the RTD protein shake portion of the nutritious snacking category. The addition of OWYN builds
DENVER, June 11, 2024 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ:SMPL) ("Simply Good Foods" or the "Company"), a developer, marketer and seller of branded nutritional foods and snacking products, today announced it will report financial results for the 13 week fiscal third quarter ended May 25, 2024, on Thursday, June 27, 2024, before market open. The Company will host a conference call to discuss these results with additional comments and details provided at that time. Participating on the call will be Geoff Tanner, President and Chief Executive Officer, and Shaun Mara, Chief Financial Officer. The conference call is scheduled to begin at 7:00 a.m. Mountain time (9:00 a.m.
Adds a fast-growing, on trend, ready-to-drink protein shake brand to Simply Good Foods' portfolioA scalable, growth-oriented complementary brand with a large and growing addressable marketOWYN is the leading plant-based, allergen-free RTD protein shake in the marketplaceManagement will host a conference call and webcast today at 5:00 p.m. ET DENVER and NEW YORK, April 29, 2024 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ:SMPL) ("Simply Good Foods," or the "Company"), a developer, marketer and seller of branded nutritional foods and snacking products, and Only What You Need ("OWYN"), a leading plant-based ready-to-drink ("RTD") protein shake brand, today announced that
DENVER, April 04, 2024 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ:SMPL) ("Simply Good Foods," or the "Company"), a developer, marketer and seller of branded nutritional foods and snacking products, today reported financial results for the thirteen weeks ended February 24, 2024. Second Quarter Summary:(1) Net sales of $312.2 million versus $296.6 millionNet income of $33.1 million versus $25.6 millionEarnings per diluted share ("EPS") of $0.33 versus $0.25Adjusted Diluted EPS(2) of $0.40 versus $0.32Adjusted EBITDA(4) $57.8 million versus $50.9 million Full fiscal year 2024 Net Sales and Adjusted EBITDA(3) outlook
DENVER, March 18, 2024 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ:SMPL) ("Simply Good Foods" or the "Company"), a developer, marketer and seller of branded nutritional foods and snacking products, today announced it will report financial results for the 13 week fiscal second quarter ended February 24, 2024, on Thursday, April 4, 2024, before market open. The Company will host a conference call to discuss these results with additional comments and details provided at that time. Participating on the call will be Geoff Tanner, President and Chief Executive Officer, and Shaun Mara, Chief Financial Officer. The conference call is scheduled to begin at 6:30 a.m. Mountain time (8:
DENVER, Jan. 04, 2024 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ:SMPL) ("Simply Good Foods," or the "Company"), a developer, marketer and seller of branded nutritional foods and snacking products, today reported financial results for the thirteen weeks ended November 25, 2023. First Quarter Summary:(1) Net sales of $308.7 million versus $300.9 millionNet income of $35.6 million versus $35.9 millionEarnings per diluted share ("EPS") of $0.35 versus $0.36Adjusted Diluted EPS(2) of $0.43 versus $0.42Adjusted EBITDA(4) $62.0 million versus $60.8 million Reaffirm fiscal
"Sweet on Protein" introduces Quest's latest creative campaign, showcasing the brand's new protein-packed baked goods lineup. DENVER, Oct. 29, 2024 /PRNewswire/ -- Quest, a leading brand under Simply Good Foods and innovator in the active nutrition category, announced the launch of its new "Sweet on Protein" campaign, an extension of the successful "It's Basically Cheating" campaign. This new initiative introduces Quest's Bake Shop line of protein-rich baked goods, designed to satisfy sweet cravings without compromising on flavor. The "Sweet on Protein" campaign is rolling out
DENVER, Oct. 24, 2024 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ:SMPL) ("Simply Good Foods," or the "Company"), a developer, marketer and seller of branded nutritional foods and snacking products, today reported financial results for the fourteen and fifty-three weeks ended August 31, 2024. The acquisition of Only What You Need, Inc. ("OWYN") was completed on June 13, 2024; therefore, the Company's fourth quarter and full fiscal year 2024 results include approximately eleven weeks of OWYN performance. The reference to "legacy" Simply Good Foods in this press release encompasses Simply Good Foods' business excluding OWYN. Fourth Quarter Summary:(1) Net sales of $375
DENVER, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ:SMPL) ("Simply Good Foods" or the "Company"), a developer, marketer and seller of branded nutritional foods and snacking products, today announced it will report financial results for the 14 week fiscal fourth quarter and full fiscal year ended August 31, 2024, on Thursday, October 24, 2024, before market open. The Company will host a conference call to discuss these results with additional comments and details provided at that time. Participating on the call will be Geoff Tanner, President and Chief Executive Officer, and Shaun Mara, Chief Financial Officer. The conference call is scheduled to begin at 6:30 a
DENVER, Sept. 09, 2024 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ:SMPL) ("Simply Good Foods," or the "Company"), a developer, marketer and seller of branded nutritional foods and snacking products, today announced Mike Clawson as Chief Customer Officer ("CCO"), effective October 14, 2024. As the Company embarks on its next chapter of growth, a cornerstone of its strategic growth plan is an enhanced selling model and approach. This new sales playbook is centered on building multi-year growth plans with key customers with a focus on increasing shelf space, leveraging strategic consumer and category insights, driving innovation in key growth spaces, leveraging advanced analy
DENVER, Sept. 4, 2024 /PRNewswire/ -- Atkins, the industry pioneer of the low-carb lifestyle movement, today introduced a new creative campaign, "Atkins Way," a bold embodiment of the brand's new emotional brand positioning along with a series of new product offerings. By implicitly and insightfully acknowledging the feelings of isolation and frustrations that many experience, Atkins Way offers a better way, providing freedom from a lifetime of dieting through a delicious and joyful approach to eating. In this new campaign, Rob Lowe, who has been an Atkins advocate for more th
DENVER, Aug. 26, 2024 /PRNewswire/ -- Quest Nutrition announced today the launch of its new Quest™ Bake Shop line, featuring deliciously soft Chocolate Brownies, Blueberry Muffins, and Chocolate Chip Muffins. These baked treats deliver satisfying protein while keeping sugar and net carbs low. This exciting new line marks the brand's first venture into the bakery category. Made for those who want all the flavor with the benefits of a nutritional boost, Quest™ Bake Shop brings a new level of snacking to the table. Each Chocolate Brownie, Blueberry Muffin, and Chocolate Chip Muff
DENVER, June 27, 2024 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ:SMPL) ("Simply Good Foods," or the "Company"), a developer, marketer and seller of branded nutritional foods and snacking products, today reported financial results for the thirteen and thirty-nine weeks ended May 25, 2024. The Company completed the acquisition of Only What You Need, Inc. ("OWYN") on June 13, 2024, therefore, fiscal third quarter 2024 results exclude the performance of this brand. The reference to "legacy" Simply Good Foods in this press release encompasses Simply Good Foods' business excluding OWYN. Third Quarter Summary:(1) Net sales of $334.8 million versus $324.8 milli
GroundForce Capital, an investment management firm that backs high-potential B2B and B2C companies seeking to improve the health and longevity of people and the planet, is pleased to announce the sale of Only What You Need (OWYN) to The Simply Good Foods Company (NASDAQ:SMPL) for $280 million. OWYN is the fastest-growing ready-to-drink (RTD)(1) protein shake brand in the market that unites great taste and ingredient transparency. GroundForce Capital is the second-largest shareholder in OWYN. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240613763644/en/ GroundForce Capital first invested in OWYN in 2019, driven by an ongoing th
Purchase Capital LLC, an investment firm that provides patient capital for private and public companies that have significant potential for long-term value creation, today announced the completion of the sale of Only What You Need ("OWYN"), a leading plant-based ready-to-drink (RTD) protein shake brand, to The Simply Good Foods Company (NASDAQ:SMPL). "We are grateful for the support of our investors that helped build OWYN into the fastest growing RTD protein shake brand in the market1," said Mark Olivieri, Senior Vice President and General Manager OWYN. "The team drove national expansion, built a thriving eCommerce business, and created mainstream appeal. I am excited to continue our grow
DENVER, June 13, 2024 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ:SMPL) ("Simply Good Foods," or the "Company"), a developer, marketer and seller of branded nutritional foods and snacking products, today announced it has completed the acquisition of Only What You Need ("OWYN"), a leading plant-based ready-to-drink ("RTD") protein shake brand, which was previously announced on April 29, 2024. OWYN is the fastest growing1 RTD protein shake brand in the market and enhances Simply Good Foods' portfolio with further diversification and provides the Company with a greater presence within the RTD protein shake portion of the nutritious snacking category. The addition of OWYN builds
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