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Stifel Turns Bullish On This Food Company

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  • Stifel analyst Christopher Growe upgraded Simply Good Foods Co (NASDAQ: SMPL) to Buy from Hold with a price target of $42, up from $38, implying an 8.5% upside.

  • The analyst sees potential for an acceleration in the company's long-term growth driven by the growth in new users and increased household penetration.

  • Growe added that a recovery in mobility and buy-rate for Simply's products is not embedded in estimates and could enhance its growth through the year.

  • Growe believes acquisition activity could occur as well sees opportunity from Simply using its balance sheet "to buy a business or being a takeover candidate itself."

  • Credit Suisse analyst Kaumil Gajrawala Maintained a Neutral rating on the company and raised the price target to $38 from $37.

  • Price Action: SMPL shares are trading higher by 3.92% at $38.7 on the last check Monday.

Latest Ratings for SMPL

Oct 2021

Stifel

Upgrades

Hold

Buy

Oct 2021

Credit Suisse

Maintains

Neutral

Jul 2021

Morgan Stanley

Maintains

Equal-Weight

View More Analyst Ratings for SMPL
View the Latest Analyst Ratings

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