Revival Of Atkins Brand To Propel Simply Good Foods' Growth: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Mizuho analyst John J. Baumgartner reiterated a Buy rating on The Simply Good Foods Company (NASDAQ:SMPL), but lowered the price target from $45 to $42. The company's Q3 FY23 sales increased 2.6% YoY to $324.79 million, beating the consensus. Adjusted EPS of $0.44 surpassed the consensus of $0.41. The analyst sees limited risk of growth breaking down in the short term as marketing spending increases. CEO-elect Geoff Tanner is aggressively focused on growth.
June 30, 2023 | 5:19 pm
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Mizuho analyst reiterates Buy rating on The Simply Good Foods Company, but lowers price target. The company's Q3 FY23 sales and EPS beat consensus. The analyst sees limited risk of growth breaking down in the short term.
The news is directly about The Simply Good Foods Company and its financial performance. The analyst's positive outlook and the company's strong Q3 results are likely to have a positive impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100