Morgan Stanley raised the firm’s price target on Simply Good Foods (SMPL) to $37 from $36 and keeps an Equal Weight rating on the shares. The stock closed up 9% on a strong EBITDA beat, driven primarily by gross margin upside, the analyst tells investors in a post-earnings note. The firm has “a favorable bias with valuation still somewhat compelling” even after yesterday’s strong stock move relative to strong Quest and OWYN momentum, though it adds that visibility to Atkins stabilization remains low.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMPL:
- Balanced Outlook for Simply Good Foods: Strong EBITDA Beat and Growth in Quest and OWYN Amid Caution on Atkins and Macroeconomic Risks
- Simply Good Foods: Balancing Growth and Challenges Amidst Tariffs and Brand Performance
- Simply Good Foods Reports Strong Q2 2025 Results
- Morning Movers: Pharmaceuticals sink as impending tariffs seen coming
- Simply Good Foods reports Q2 adjusted EPS 46c, consensus 40c