Where is Simply Good Foods Company (SMPL) Headed According to the Street?

Simply Good Foods Company (NASDAQ:SMPL) is 1 of the champion earthy and integrated nutrient stocks to bargain now. On January 20, Morgan Stanley reaffirmed a Hold standing connected Simply Good Foods Company (NASDAQ:SMPL) and acceptable a terms people of $24.00. The banal besides received a standing update from Stifel Nicolaus connected January 20, with the steadfast assigning a Buy standing and a $32 terms people to Simply Good Foods Company (NASDAQ:SMPL).

The steadfast told investors that it considers the instrumentality of Joe Scalzo arsenic CEO arsenic a strategically important move, adding that the absorption nether his enactment is anticipated to beryllium connected underperformance successful areas similar Quest bars extracurricular salty snacks, stabilization of the Atkins marque astatine a much durable scale, and sustaining maturation for the Quest and OWYN franchises.

Stifel besides cited Simply Good Foods Company’s (NASDAQ:SMPL) fiscal flexibility arsenic a important origin supporting the optimistic rating, adding that the equilibrium expanse carried humble leverage with country for strategical actions, including a disciplined M&A attack that bolsters the maturation profile. In addition, the steadfast expects profitability to marque a gradual recovery, with margins bouncing backmost toward the high‑30% range. According to the firm, this inclination tin enactment a healthier equilibrium betwixt net maturation and reinvestment, supporting the Buy rating.

Simply Good Foods Company (NASDAQ:SMPL) is simply a user packaged nutrient and beverage institution that develops, sells, and markets nutritional nutrient and snacking items. The company’s merchandise portfolio includes earthy offerings, snacks, frozen meals, macromolecule bars, ready-to-drink shakes, and frozen meals nether the Quest and Atkins brands.

While we admit the imaginable of SMPL arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.