Simply Good Foods Likely To Report Lower Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

The Simply Good Foods Company SMPL is expected to report financial results for the 13 week fiscal second quarter ended Feb. 25, 2023, before the opening bell on April 5, 2023.

Analysts expect the company to post quarterly earnings at $0.29 per share, down from year-ago earnings of $0.36 per share. The company’s revenue might come in at $293.55 million.

Simply Good Foods shares fell 2% to close at $38.69 on Tuesday, but added 4% in today’s pre-market trading session.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Needham analyst Matt McGinley reiterated a Buy rating on the stock with a price target of $42 on March 23, 2023. This analyst sees over 8% upside in the company’s stock and has an accuracy rate of 71%.
• Deutsche Bank analyst Steve Powers maintained a Buy rating and raised the price target from $46 to $47 on Dec. 6, 2022. This analyst sees around 21% upside in the company’s stock and has an accuracy rate of 75%.
• Stifel analyst Christopher Growe maintained a Buy rating and slashed the price target from $44 to $40 on Oct. 14, 2022. This analyst sees around 3% upside in the company’s stock and has an accuracy rate of 71%.
• Mizuho analyst John Baumgartner maintained a Buy rating and cut the price target from $48 to $45 on Oct. 24, 2022. This analyst sees around 16% upside in the company’s stock and has an accuracy rate of 67%.

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