SoFi CEO enters prepaid forward contract on 1.5 million shares
Investing.com - DA Davidson has reiterated its Neutral rating and $39.00 price target on The Simply Goods Group (NASDAQ:SMPL), representing a 19% upside from the current price of $32.76, following two days of meetings with company management. According to InvestingPro data, analyst targets range from $34 to $43, with the stock currently showing signs of being undervalued.
The research firm highlighted three key takeaways from the meetings, including a greater appreciation for CEO Tanner’s focus on innovation, supported by his previous success working with CFO Bealer.
DA Davidson noted that Simply Goods management believes it can sustain double-digit growth excluding its Atkins brand, supported by a fuller innovation pipeline and additional capacity for Quest protein chips coming in the fourth quarter of 2026.
The firm reported that management expects Atkins to stabilize with mid-single-digit to high-single-digit declines, potentially setting the stage for a return to algorithm growth in fiscal year 2027.
Despite these positive developments, DA Davidson maintained its Neutral stance on the stock, keeping its price target unchanged at $39.
In other recent news, The Simply Goods Group reported its third-quarter 2025 earnings, which slightly exceeded expectations for adjusted EBITDA. Despite these positive results, the company adjusted its fiscal year 2025 outlook to the lower end of its previous guidance, citing weaker consumer demand, elevated inflation, and tariff challenges. Analysts from UBS maintained a Neutral rating for the company, with a price target of $36.00. Meanwhile, DA Davidson also reiterated a Neutral rating, setting their price target at $38.00, while noting a slight miss in net sales for the OWYN brand.
Mizuho (NYSE:MFG) adjusted its price target for Simply Goods to $43.00 from $47.00 but maintained an Outperform rating, citing continued momentum for the Quest brand and stable Atkins sales. Bernstein SocGen Group reiterated an Outperform rating with a $45.00 price target, highlighting that Simply Goods’ organic sales growth of 3.8% surpassed consensus expectations. In the broader food products sector, DA Davidson analyst Brian Holland identified potential challenges related to trade, policy, and consumer behavior, impacting companies across the industry. These developments reflect the ongoing dynamics within the food products sector, emphasizing the importance of innovation and strategic adjustments for companies like Simply Goods.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.