SMPL Should I Buy
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Simply Good Foods Co (SMPL) is not a strong buy for a beginner, long-term investor at this moment. The technical indicators show a bearish trend, the financial performance is declining, and there are no significant positive catalysts or trading signals to suggest immediate upside potential. A hold position is recommended until clearer signs of recovery or growth emerge.
The stock is in a bearish trend with the MACD histogram at -0.313, RSI at 13.939 indicating oversold conditions, and bearish moving averages (SMA_200 > SMA_20 > SMA_5). The stock is trading near its support level of 16.15, with resistance at 17.313.
Analyst Alexia Howard from Bernstein raised the price target to $31 and reiterated SMPL as a top pick ahead of Q1 2026 results due to positive U.S. scanner sales data.
Deutsche Bank lowered the price target to $22, citing a hold rating. The company's financial performance in Q1 2026 showed declines in revenue (-0.31% YoY), net income (-33.72% YoY), EPS (-31.58% YoY), and gross margin (-16.42% YoY). No recent news or significant trading trends from hedge funds or insiders. No recent congress trading data available.
In Q1 2026, revenue dropped to $340.2M (-0.31% YoY), net income dropped to $25.27M (-33.72% YoY), EPS dropped to $0.26 (-31.58% YoY), and gross margin dropped to 30.94% (-16.42% YoY).
Analyst sentiment is mixed. Bernstein is optimistic with a price target of $31 and an Outperform rating, while Deutsche Bank is cautious with a price target of $22 and a Hold rating.
