SMPL - Simply Good Foods Consumption Trends Looks Grim For Q2 Says Analyst | Benzinga
Stifel analyst Matthew E. Smith reiterated a Buy rating on the shares of Simply Good Foods Co (NASDAQ:SMPL) and lowered the price target from $48 to $38.
The company is scheduled to report its second quarter result on Thursday, April 4.
The analyst has lowered FY24 revenue and EBITDA expectations based on weaker-than-anticipated consumption. The analyst estimates revenue growth to be 4.5% (previously 6%) and EBITDA of $258 million, down $6 million from the previous estimate.
The analyst has also lowered the second-quarter revenue growth estimate to 5% and EBITDA to ...