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B&G Foods, Inc. (BGS)

NYSE - NYSE Delayed Price. Currency in USD
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28.18+0.07 (+0.25%)
At close: 4:00PM EDT

28.18 0.00 (0.00%)
After hours: 4:27PM EDT

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  • F
    F Thomas
    Students of this stock recognize this pre-earnings light volume churn. Very similar basing pattern occurred last quarter. With 76% of shares owned by Institutions, none of the 300+ Institutional Money Managers who hold shares dares to be on the bleeding edge by taking their basis higher, especially with so many short sellers, and the outcome of the impending election casting a pall over entire market. This LONG added even more shares today. Why? Each time I venture to Kroger or Food Lion, the Back to Nature plant based Chocolate Cream cookies are rarely on the shelf, the Melba Toast and Ortega products are always picked over, and the Mama Mary’s pizza dough, sauces and pepperoni slices are similarly depleted. The Leseur peas display is always thin, and the Green Giant frozen veggies move, move, move. This stock will take the SHORTS carrying costs higher, not lower. BUY, BUY, BUY BGS!
    Bullish
  • L
    Looking Good
    Online grocery shopping will surge again as we go through another round of severe pandemic for the next several months. This should be plainly obvious. Expect strong sales at BGS for the rest of the year, both in-store and online. Don't forget that BGS's biggest customer is WALMART. Walmart reported 41% growth in e-commerce groceries for Q3. Walmart U.S. ended the quarter with more than 3,000 grocery pickup locations and more than 1,400 same-day grocery delivery locations. Online grocery shopping is destined to stay regardless of the pandemic.

    BGS will continue to reduce debt very quickly with the EXPLOSIVE free cash flow since March and what will happen in Q4 and at least Q1 2021. The notion that the dividend is in jeopardy is an old short story that doesn't fit the current fundamentals. Old myths just die hard. The greater question is how will management deploy the cash flow going forward to create more value for shareholders. Management has already expressed on their last quarter conference call they are already in a position to look at reasonably priced acquisitions. Whether they increase the dividend or make smart acquisitions are fine with me.
  • 4
    44island
    Short covering will start as soon as TTM EPS exceeds the annual dividend of $1.90. Should be once Q3 is announced.
  • S
    Supersailor
    This is still one of the best PE and dividend food stock around when compared to a half a dozen higher priced stocks.
  • b
    barry
    TD Ameritrade shows the short interest at 29% at 9/30. Its up a little in the quarter. I'm a big BGS fan and I just don't see the massive downside that these folks see. Sales and income are historic, partly because of the pandemic, but they will not collapse. The dividend is as safe as gold. Management is doing all the right things. Brand recognition is terrific. Debt is being paid down is very manageable. I'd like to hear the current short strategy from one of the naysayers. I understand that the upside is becoming limited. Past 35 will be tough, but down to 20 or 15? Why?
  • L
    Looking Good
    Analysts have an average of $457 mil in est. revenues for Q3 which seems very low considering when the company generated $512 mil in Q2. Not much has changed in my opinion since Q2 so I suspect their numbers will easily beat the analysts. It is a little harder to tell if they will exceed $512 or fall a little under. On one hand the initial rush happened at the end of Q1 and beginning of Q2. On the other hand, commercial sales should have kicked in with lifting of restrictions. Also, the pandemic is clearly still going on, new products on the shelf and consumer behavior has shifted to stay-at-home. If BGS shows anywhere close to matching $512 mil in sales the analysts will move their target up from the current average of $29.33 to mid-30's. They will extrapolate the last three quarters and not treat Q2 as an outlier.

    It will also be interesting to see what margin improvements are. Despite some additional costs dealing with COVID the significant increase in sale coupled with economies of scale should result in better overall margins.
  • M
    Mark
    Interesting news. More sales channels.

    The company expects solid e-commerce trends to continue and is also making investments to enhance its e-commerce capacity. The company expects to be fully e-commerce capable by fourth-quarter beginning.
    Bullish
  • L
    Looking Good
    BGS earnings are going to be great again! When are people going to recognize that the course of this company has permanently changed? The pandemic has changed the way food is being consumed, which is more at home eating. BGS has a wonderful smorgasbord of brand names, and we are seeing huge gains in new customers. These new customers will be sticky not fleeting.

    We have about two weeks until the company reports 3rd quarter earnings. There have been no COVID outbreaks at any of their facilities so kudos to management and employees for keeping things safe.
  • T
    Travis
    I think BGS management deserves a little applause and recognition... Those share buybacks at $17-18-19-20 range last winter look pretty smart now, huh?
  • b
    barry
    I saw Green Giant commercials yesterday. First time in years. Happy to see the Giant on tv again.
  • L
    Leon
    Doing it again every stock in my Portfolio up BGS down .74%. This stock is a contrarian! Probably those big banks of Computers the experts have figured it out and are making Money again.
  • M
    MichaelM
    value line just came out with their quarterly report. Their 2022 to 24 outlook is BG Foods at 40 to 60!
    Also, today in Shoprite.......Ortega products are flying off the shelves.
  • T
    T
    Shorty squeezing each other?
    October is now running low on days,,,,will all know soon . Just hold and enjoy.
  • S
    San
    I was waiting for BGS to close above the 50 DMA and 50 MMA and today, it achieved both. we are heading higher into the earnings at the end of Oct. go BGS.
  • w
    whiskeytangofox
    I tried BGS' Weber seasoning this week (a free sample) called Kick'n Chicken. Put some chicken thighs on the charcoal with this seasoning and it was good. I always have my "go to" seasonings and this is one I had not tried and probably would not have tried except for the sample they sent out. Going to include this in my regulars. Good idea getting the samples out. I'll buy more.
  • 4
    44island
    It's going to take a hell of an earnings report to get this over $30. Fingers crossed.
  • M
    Mark
    So what's up today. News we haven't heard? Short squeeze?
  • D
    Dustin
    Starting to see "Cinnadust", ads. BGS, is really starting to ramp their marketing.
  • F
    F Thomas
    CAG up in pre-market. Beats on revs and earnings and increases dividend by 29%. Bodes very well for BGS!
    Bullish
  • D
    Danno
    Maybe a special dividend could be used to flush out the shorts...