Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Simply Good Foods Company reported its fiscal third quarter 2024 results, demonstrating a performance that slightly exceeded company estimates.</li><li>The positive outcomes were led by the continued growth of the Quest brand and significant gross margin improvements.</li><li>Retail takeaway growth outpaced the net sales growth with a recorded 5% in combined measured and unmeasured channels against a 3.1% increase in net sales.</li></ul>

Simply Good Foods Company reported its fiscal third quarter 2024 results, demonstrating a performance that slightly exceeded company estimates.The positive outcomes were led by the continued growth of the Quest brand and significant gross margin improvements.Retail takeaway growth outpaced the net sales growth with a recorded 5% in combined measured and unmeasured channels against a 3.1% increase in net sales.

The Simply Good Foods Company: Expanding Distribution of OWYN Products & Strategic Product Innovations in Quest Nutrition Can Drive Growth! - Major Drivers

<ul><li>The Simply Good Foods Company reported its fiscal third-quarter results for 2024, reflecting a combination of growth and investment strategies aimed at harnessing both immediate gains and longer-term opportunities.</li><li>The company’s results were favorable, with a reported net sales increase of 3.1% to $334.8 million, driven primarily by Quest's volume growth.</li><li>Notably, retail takeaway across measured and unmeasured channels outpaced net sales growth, reaching approximately 5%.</li></ul>

The Simply Good Foods Company reported its fiscal third-quarter results for 2024, reflecting a combination of growth and investment strategies aimed at harnessing both immediate gains and longer-term opportunities.The company’s results were favorable, with a reported net sales increase of 3.1% to $334.8 million, driven primarily by Quest's volume growth.Notably, retail takeaway across measured and unmeasured channels outpaced net sales growth, reaching approximately 5%.

The Simply Good Foods Company: Acquisition of OWYN to Strengthen RTD Protein Shake Market Position & Other Major Drivers

<ul><li>The Simply Good Foods Company achieved financial results that were in line with their estimates for the fiscal first quarter that ended on November 25, 2023.</li><li>The company reported an increase in its net sales by 2.6% to $308.7 million, propelled by the continuous momentum from its Quest range.</li><li>The 40-basis point increase in the gross margin, which improved to 37.3%, was attributed mainly to lower ingredient and packaging costs.</li></ul>

The Simply Good Foods Company achieved financial results that were in line with their estimates for the fiscal first quarter that ended on November 25, 2023.The company reported an increase in its net sales by 2.6% to $308.7 million, propelled by the continuous momentum from its Quest range.The 40-basis point increase in the gross margin, which improved to 37.3%, was attributed mainly to lower ingredient and packaging costs.

The Simply Good Foods Company: Initiation Of Coverage - Atkins Revitalization Plan

President, Vision Research

Robert C Prather Jr

President

Vision Research

Vision Research was formed in 2004 with the vision of generating the best possible fundamental analysis and investment research for smid cap US equities. In 2008, we broadened our coverage to include mid/large cap US stocks.  After researching a  few ideas outside the US each year for a number of years, we launched a dedicated non-US equity product at the end of 2015.  This was followed by the introduction of a product focused on IPOs in mid-2017.

Fundamental Insight

<p>Simply Good Foods was formed in March 2017 with the acquisition of Atkins. Had IPO'd as a SPAC in 2016 under the name Conyers Park. It now operates under 2 brands with the 2019 Quest acquisition. Bars are half of the portfolio, with snacks and RTD shakes equally dividing up the remaining 50%.  Web trends, increasing competition, bullish analysts, weak revenues and margins, and lofty valuations created downside risk.</p>

Simply Good Foods was formed in March 2017 with the acquisition of Atkins. Had IPO'd as a SPAC in 2016 under the name Conyers Park. It now operates under 2 brands with the 2019 Quest acquisition. Bars are half of the portfolio, with snacks and RTD shakes equally dividing up the remaining 50%.  Web trends, increasing competition, bullish analysts, weak revenues and margins, and lofty valuations created downside risk.

Simply Good Foods (SMPL): Facing Weakness Across Product Lines That's Unaccounted For In Estimates

United States

The Simply Good Foods Company operates as an investment company. The Company invests in and expands snacks and food products businesses. Simply Good Foods serves customers in the States of Colorado and Connecticut.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Simply Good Foods Co (SMPL US)

The Simply Good Foods Company: Expanding Distribution of OWYN Products & Strategic Product Innovations in Quest Nutrition Can Drive Growth! - Major Drivers

Simply Good Foods Company reported its fiscal third quarter 2024 results, demonstrating a performance that slightly exceeded company...

Baptista Research

The Simply Good Foods Company: Acquisition of OWYN to Strengthen RTD Protein Shake Market Position & Other Major Drivers

The Simply Good Foods Company reported its fiscal third-quarter results for 2024, reflecting a combination of growth and investment strategies...

Baptista Research

The Simply Good Foods Company: Initiation Of Coverage - Atkins Revitalization Plan

The Simply Good Foods Company achieved financial results that were in line with their estimates for the fiscal first quarter that ended on...

Baptista Research

Simply Good Foods (SMPL): Facing Weakness Across Product Lines That's Unaccounted For In Estimates

Increasing competition, weak web trends, optimistic estimates, a lofty valuation, and other items create downside opportunity in shares of SMPL.

Robert C Prather Jr

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)