Simply Good Foods
SMPL

$32.66

2.91%

Market Cap: $3.27B

About: The Simply Good Foods Co is a consumer packaged food and beverage company. It provides low-carbohydrate, high protein bars, shakes, and other products such as confections, chips, and cookies under the Atkins and Quest brands. The company distributes its products in retail channels, predominantly in North America, including grocery, club, and mass merchandise, as well as through e-commerce, convenience, and other channels.

Employees: 271

Consumer Staples Food & Kindred Products

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

69% more call options, than puts

Call options by funds: $12.4M | Put options by funds: $7.3M

8% more capital invested

Capital invested by funds: $2.98B [Q1] → $3.22B (+$234M) [Q2]

1.25% more ownership

Funds ownership: 87.83% [Q1] → 89.08% (+1.25%) [Q2]

5% less funds holding

Funds holding: 284 [Q1] → 271 (-13) [Q2]

13% less repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 107

23% less first-time investments, than exits

New positions opened: 43 | Existing positions closed: 56

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Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$37

13%

upside

Avg. target

$39

19%

upside

High target

$41

26%

upside

4 analyst ratings

2 positive

50%

2 neutral

50%

0 negative

0%

DA Davidson Brian Holland 81% 1-year accuracy 13 / 16 met price target	16%upside $38	Neutral Maintained	1 Jul 2024
Needham Matt McGinley 28% 1-year accuracy 8 / 29 met price target	26%upside $41	Buy Reiterated	28 Jun 2024
Deutsche Bank Steve Powers 93% 1-year accuracy 13 / 14 met price target	13%upside $37	Hold Maintained	14 Jun 2024
Stifel Matthew Smith 61% 1-year accuracy 20 / 33 met price target	22%upside $40	Buy Maintained	14 Jun 2024

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Financial journalist opinion

Introducing Quest™ Bake Shop: Cheat-Worthy Brownies and Muffins That are Big on Protein and Even Bigger on Flavor

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.

Introducing Quest™ Bake Shop: Cheat-Worthy Brownies and Muffins That are Big on Protein and Even Bigger on Flavor

The Simply Good Foods Company (SMPL) Q3 2024 Earnings Call Transcript

The Simply Good Foods Company (NASDAQ:SMPL ) Q3 2024 Earnings Conference Call June 27, 2024 9:00 AM ET Company Participants Mark Pogharian - Vice President of Investor Relations Geoff Tanner - President, Chief Executive Officer and Director Shaun Mara - Chief Financial Officer Conference Call Participants Matthew Smith - Stifel Alexia Howard - AllianceBernstein John Baumgartner - Mizuho Securities Jon Andersen - William Blair Stephen Powers - Deutsche Bank Brian Holland - D.A. Davidson Kaumil Gajrawala - Jefferies Operator Greetings and welcome to The Simply Good Foods Company Fiscal Third Quarter 2024 Conference Call.

The Simply Good Foods Company (SMPL) Q3 2024 Earnings Call Transcript

Zacks Investment Research

Simply Good Foods (SMPL) Surpasses Q3 Earnings Estimates

Simply Good Foods (SMPL) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.44 per share a year ago.

Simply Good Foods (SMPL) Surpasses Q3 Earnings Estimates

The Simply Good Foods Company Reports Fiscal Third Quarter 2024 Financial Results and Updates Full Fiscal Year 2024 Outlook

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.

The Simply Good Foods Company Reports Fiscal Third Quarter 2024 Financial Results and Updates Full Fiscal Year 2024 Outlook

Simply Good Foods: Staying The Course

The Simply Good Foods Company is a consumer packaged food and beverage business focused on nutritious snacking. Despite recent growth in revenue and earnings, shares have declined and remain pricey relative to similar firms. The recent acquisition of OWYN may impact cash flow, but the company is on a positive trajectory in a competitive market.

Simply Good Foods: Staying The Course

6 Small-Cap Stocks About to Rally

Some high-growth, small-market-capitalization stocks have been shut out of the market rally for long enough. Being choosy should pay off, though.

6 Small-Cap Stocks About to Rally

Zacks Investment Research

Simply Good Foods (SMPL) Reports Next Week: Wall Street Expects Earnings Growth

Simply Good Foods (SMPL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Simply Good Foods (SMPL) Reports Next Week: Wall Street Expects Earnings Growth

GroundForce Capital Announces the Acquisition of OWYN by The Simply Good Foods Company

SAN FRANCISCO & LOS ANGELES--(BUSINESS WIRE)--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 Capita.

GroundForce Capital Announces the Acquisition of OWYN by The Simply Good Foods Company

Purchase Capital Completes Sale of OWYN to Simply Good Foods

MIAMI--(BUSINESS WIRE)--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.

Purchase Capital Completes Sale of OWYN to Simply Good Foods

The Simply Good Foods Company Completes Acquisition of Only What You Need (OWYN)

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.

The Simply Good Foods Company Completes Acquisition of Only What You Need (OWYN)

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