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Simply Good Foods ( (SMPL) ) has issued an announcement.
On January 20, 2026, The Simply Good Foods Company announced that longtime former chief executive Joe Scalzo returned as president and CEO, effective January 19, 2026, succeeding Geoff Tanner, who stepped down from the role and from the board on January 18, 2026. Scalzo, a key architect of the company’s strategy and public-market debut and the acquisition of Quest Nutrition, has signed a two-year employment agreement based in Denver that includes a significant inducement stock option for 2 million shares vesting over three years, signaling the board’s commitment to leveraging his experience to reignite growth and improve profitability while leaving existing equity plan pools intact. The company detailed a change-in-control and severance framework for Scalzo and confirmed that he will rejoin the board after the January 28, 2026 annual meeting, while Tanner will receive cash severance, a prorated fiscal 2026 bonus and accelerated vesting of most time-based equity, with his performance stock units forfeited. Separately, the company disclosed that principal accounting officer Timothy Matthews resigned on January 20, 2026, effective February 6, 2026, to pursue an external CFO role, after which CFO Christopher Bealer will assume the additional duties of principal accounting officer without a change in compensation, consolidating financial leadership as Simply Good Foods moves into its next phase with its fiscal 2026 outlook unchanged.
The most recent analyst rating on (SMPL) stock is a Buy with a $31.00 price target. To see the full list of analyst forecasts on Simply Good Foods stock, see the SMPL Stock Forecast page.
Spark’s Take on SMPL Stock
According to Spark, TipRanks’ AI Analyst, SMPL is a Neutral.
The score is anchored by strong cash flow and a generally sound balance sheet, which support resilience despite weakening TTM revenue and margin compression. The latest earnings call reinforced a cautious near-term setup (Q2 weakness and margin pressure) but with a second-half recovery thesis supported by Quest strength, productivity initiatives, and buybacks. Technically, the stock shows improved short-term positioning above 20D/50D averages but remains below longer-term trend levels, while valuation (P/E ~23) looks only moderate given current growth and margin headwinds.
To see Spark’s full report on SMPL stock, click here.
More about Simply Good Foods
The Simply Good Foods Company (Nasdaq: SMPL), headquartered in Denver, Colorado, operates in the consumer-packaged food and beverage industry, focusing on the fast-growing nutritional snacking segment. Through brands including Quest, Atkins and OWYN, it offers high-protein chips, bars, ready-to-drink shakes and powders, as well as low-sugar, low-carb sweets and baked goods, targeting health- and wellness-oriented consumers seeking convenient, better-for-you snacks and beverages.
Average Trading Volume: 2,075,316
Technical Sentiment Signal: Sell
Current Market Cap: $1.94B
Find detailed analytics on SMPL stock on TipRanks’ Stock Analysis page.