The trading activity of members of Congress is closely monitored and investors are looking to see which Magnificent Seven stocks are most loved and which large-cap names are being bought and sold. When it comes to a member of Congress buying up shares of small-cap stocks, investors may pay even closer attention. • Genprex stock is among today’s weakest performers. What’s behind GNPX decline?Congressman Buys Small-Cap Stocks AgainCongressman Tim Moore (R-N.C.) made multiple trades in 2025, including buying s ...

Core Viewpoint - BellRing Brands held its 2026 annual meeting of stockholders in a virtual format, discussing key proposals and leadership attendance [1] Meeting Setup and Attendance - The meeting was recorded, allowing stockholders to submit questions online, with rules of conduct posted for orderliness [2] - Key company leadership present included Chairman Rob Vitale, President and CEO Darcy Davenport, and CFO Paul Rode, along with representatives from PricewaterhouseCoopers [2] Proposals Presented to Stockholders - Stockholders voted on three proposals: election of five directors for one-year terms, ratification of PricewaterhouseCoopers as the independent auditor for the fiscal year ending September 30, 2026, and a non-binding advisory vote on executive compensation [4][5] - The director nominees included Davenport, David Finkelstein, Elliot Stein, Vitale, and Chonda Nwamu, with Stein's retirement date set for September 30, 2026 [4][5] - The board recommended ratifying PwC's appointment, emphasizing the appropriateness of stockholder approval despite it not being required [6]

Core Viewpoint - Simply Good Foods is facing challenges with declining sales, particularly in its Atkins brand, but the return of former CEO Joe Scalzo may provide a strategic shift to reignite growth and profitability across its brands [4][10][18]. Financial Performance - In the first quarter, Simply Good Foods reported a net income of $25.3 million, a decline of over 33% [1]. - For the year ending August, the company generated net sales of $1.45 billion, reflecting a 9% increase year-over-year, but net income fell to $103.6 million from $139.3 million due to a $60.9 million impairment on the Atkins brand [3]. Brand Performance - The first quarter saw a 0.3% decline in net sales, attributed to lower sales from Atkins and OWYN, with the latter facing a "product quality issue" [2]. - Quest accounted for 67% of net sales, OWYN at 9%, and Atkins down to 27% after several quarters of decline [11]. Leadership Changes - Joe Scalzo is returning as CEO to replace Geoff Tanner, which analysts view positively due to his familiarity with the company and its brands [6][10]. - Scalzo's previous tenure included significant growth for Atkins, and his return is seen as a potential boost for the brand [19]. Strategic Focus - Analysts expect Scalzo to focus on maintaining momentum for Quest and OWYN while right-sizing the Atkins business, which now represents less than 30% of total sales [12]. - The company is working to modernize the Atkins brand and shift shelf space to more productive products [9]. Market Context - The rise of GLP-1 medications presents an opportunity for Atkins, as the company is conducting studies on the benefits of its products for users of these drugs [13][15]. - There is a belief that Scalzo's leadership could help Atkins regain relevance in a market increasingly influenced by dietary changes associated with GLP-1 usage [18][19].

This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. Dive Brief: Simply Good Foods said Joe Scalzo will return as its president and CEO as the Atkins and Quest owner looks to improve profitability.  Scalzo, who formerly held the top executive role from 2017 to 2023, is assuming the position immediately. He succeeds Geoff Tanner, who joined Simply Good Foods after a nearly seven-year tenure at J.M. Smucker. The protein sh ...

Group 1 - The Simply Good Foods Company has re-appointed Joe Scalzo as CEO, effective immediately, to focus on growth and profitability [1][2] - In the fiscal year ending August, the company reported net sales of $1.45 billion, a 9% increase year-over-year, but net income decreased to $103.6 million from $139.3 million [2] - The company experienced a 0.3% decline in first-quarter net sales to $340.2 million, with net income falling over a third to $25.3 million [3] Group 2 - Chairman James Kilts praised Scalzo as a visionary and key architect of the business, expressing confidence in his leadership to drive growth and create value for shareholders [4] - The company forecasts a potential 2% increase in net sales for the current financial year, but also warns of a possible 2% decline [4] - Annual adjusted EBITDA is projected to increase by 1% at best or decrease by 4% at worst [5] Group 3 - Scalzo expressed enthusiasm about returning to Simply Good Foods, emphasizing a mission to secure leadership in innovation and product quality [6]

Core Viewpoint - The decline in Simply Good Foods' shares is primarily attributed to a below-consensus outlook for the upcoming year rather than ongoing challenges with the Atkins brand [1] Company Strategy - Simply Good Foods is in the process of revitalizing the Atkins brand by trimming underperforming SKUs while focusing on innovation in high-protein, low-sugar snack bars and shakes [1][2] - The company has not indicated any plans to dispose of the Atkins brand, with management reaffirming commitment despite recent impairment charges and lowered revenue expectations [3] Market Trends - The increasing use of GLP-1 weight-loss drugs in the US is expected to support Atkins, as users will require protein- and fiber-rich foods [4] - A broader trend towards protein consumption is also noted, with other companies like Supreme acquiring weight-loss brands to capitalize on this shift [4] Financial Outlook - The outlook for fiscal year 2026 reflects a balance between long-term ambitions, growth expectations for Quest and OWYN, and challenges such as reduced distribution for Atkins and inflation-related cost pressures [6] - Bernstein analyst Alexia Howard noted that the recent decline in Simply Good Foods' share price appears oversold, given the company's alignment with consumer interest in high-protein and low-sugar products [6] Brand Performance - Despite the challenges, 75% of Atkins brand sales, which now account for only 25% of total company sales, are reportedly growing healthily with solid margins [7]