BGS - B&G Foods, Inc.
| Previous Close | 16.40 |
| Open | 16.31 |
| Bid | 16.29 x 1300 |
| Ask | 16.30 x 1400 |
| Day's Range | 16.23 - 16.42 |
| 52 Week Range | 16.21 - 31.60 |
| Volume | 1,351,823 |
| Avg. Volume | 1,436,650 |
| Market Cap | 1.047B |
| Beta (3Y Monthly) | 0.94 |
| PE Ratio (TTM) | 6.01 |
| EPS (TTM) | 2.71 |
| Earnings Date | Oct 28, 2019 - Nov 1, 2019 |
| Forward Dividend & Yield | 1.90 (11.52%) |
| Ex-Dividend Date | 2019-09-27 |
| 1y Target Est | 22.75 |
- Zacks
New Strong Sell Stocks for October 17th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- InvestorPlace
8 Stellar Small-Cap Stocks to Buy That Are in Major Industries
Following the news has been quite an endeavor for investors of large-capitalization publicly traded companies. Early last week, President Trump blacklisted several Chinese organizations, sending the broader indices downward. Later, a promising truce between U.S. and Chinese negotiators surprisingly emerged, boosting the markets. However, the roller-coaster ride probably has many folks thinking about lesser known small caps.But if the blue chips are risky in this unpredictable environment, why would anyone consider small-cap stocks? Although admittedly counterintuitive, the small caps may offer a better place to park your money. First and foremost, it just doesn't take much to move these names. Any positive developments, no matter how much of a reach, could swing shares massively.Of course, that goes for the opposite direction too. However, the beauty of small-cap stocks is that you don't need to invest as much money to see robust returns. This leads to another point about the tertiary players of the financial markets: you can potentially advantage their inefficiencies.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLarger organizations, especially those listed on the Dow Jones Industrial Average or the S&P 500, react to all available news. Because they attract the most eyeballs, investors collectively respond in more or less the most rational manner. Think of blue chips as the "phone a friend" option within popular quiz-style TV programs.But with small caps, there's no phoning friends because you might be the only one watching. Okay, that's an exaggeration, but because small caps don't generate as much interest, you can better exploit market irrationality. * 10 Buy-and-Hold Stocks to Own Forever With that introduction, let's have a look at eight small-cap stocks to put on your radar: Freshpet (FRPT)I've said this many times before, but Americans love their pets. And I can completely understand. Honestly, I'd rather hang out with animals than with most humans. Nevertheless, domesticated animals aren't going to take care of themselves. That's the core thesis behind Freshpet (NASDAQ:FRPT) and FRPT stock.Typically, pet food, especially for dogs, is heavily processed. Essentially, it's cereal for canines. But Freshpet has put an entirely new spin on this drab industry. Featuring 100% natural farm raised poultry, beef and fish, Freshpet products are both delectable and nutritious.According to the latest data, Americans spend $72 billion on their pets. Thus, a viable market exists for Freshpet, bolstering the longer-term case for FRPT stock. Petmed Express (PETS)Source: Shutterstock Earlier, I mentioned the greater upside potential of small caps. Because small-cap stocks don't have the name recognition of blue chips, a sudden burst of positive news could skyrocket shares. However, Petmed Express (NASDAQ:PETS) represents an example of what can go wrong when the news isn't so good.Throughout this year, PETS stock has been under fire for viability concerns. That sentiment came to a head in late July when the underlying company released its fiscal first-quarter earnings report. Both per-share profitability and revenue missed analysts' consensus estimates. As a result, PETS stock dropped 12% following the negative disclosure. * 7 Big Bank Stocks on the Move It's only recently that shares have started to pick back up. Ultimately, I think this is a case where the markets are irrationally pessimistic. In 2017, Americans spent over $17 billion in veterinary care. Put differently, PETS stock has a very believable pathway to recovery. Inspire Medical Systems (INSP)We all know how important a restful night's sleep is. Without it, we're usually cranky or slothful, operating far below our potential. But for the approximately 22 million Americans who suffer from sleep apnea, restful sleep is only a pipe dream. Fortunately, we have Inspire Medical Systems (NYSE:INSP), which offers a revolutionary approach to this health dilemma.Rather than prescribe a pill that may only last temporarily, Inspire Medical Systems installs a small device into your body. It's a same-day, outpatient procedure, minimizing inconvenience to the patient. Once you're ready to sleep, you simply activate the device via a remote controller. This opens your airways, allowing you (and your partner) to finally get that satisfying rest. Naturally, this exciting and effective technology underlines the case for INSP stock.Now, with a current market cap of $1.25 billion, INSP stock reaches into mid-cap territory. However, shares have witnessed sharp volatility recently, which may bring INSP down among the small caps. Given the massive potential for Inspire, I think this is a worthy discount to consider. B&G Foods (BGS)B&G Foods (NYSE:BGS) is another name among small-cap stocks that borderlines the unofficial threshold between small-cap and mid-cap companies. However, BGS stock has been under serious pressure ever since the year began. From the January opener, shares are down nearly 38%. Needless to say, the packaged foods company doesn't inspire confidence.Much of the problem resides with the fundamentals. In its most recent quarter ending June 30, B&G Foods delivered $371 million, which was down over 4% year-over-year. While this disappointment isn't uncommon in the packaged foods industry, B&G is noticeably lagging in terms of last year's sales. Thus, investors haven't given much thought to BGS stock. * The 7 Best Penny Stocks to Buy But based on the growing unease in our economy, that could change. If we do suffer a recession, discretionary spending is out but the necessities are in. That naturally benefits BGS stock, along with other food-related small caps. Northern Oil & Gas (NOG)Source: Shutterstock This year, crude oil prices have moved in a somewhat surprisingly negative direction. Despite the Federal Reserve's dovish attitude toward monetary policy, "black gold" values have been muted since May. Obviously, that doesn't really help small caps in the oil sector like Northern Oil & Gas (NYSEAMERICAN:NOG) and NOG stock.However, geopolitical catalysts may once again drive up energy prices. Particularly, I'm worried about an increasingly tense situation in the Middle East. Reports indicate that an Iranian tanker near Saudi Arabia's coastline was hit by missiles. This action threatens to spiral two bitter rivals into a hot conflict. To deter an Iranian response, President Trump has ordered 3,000 additional troops to Saudi Arabia.Of course, no one wants an armed conflict to erupt. That said, this region has been mired in violence over the decades. Thus, as a cynical hedge, you may want to consider energy-related small caps like NOG stock. Astronics (ATRO)Speaking of armed conflicts, another market segment that benefits from geopolitical flashpoints are defense companies. Although the big names like Lockheed Martin (NYSE:LMT) or Raytheon (NYSE:RTN) get the most attention, small-cap stocks like Astronics (NASDAQ:ATRO) offer much potential.That's especially true in this environment. Obviously, with the Trump administration bulking up our military presence in Saudi Arabia, this is a boon for defense spending. But other conflicts and potential flash points exist as well, including our failed diplomacy with North Korea, along with a brewing cold war with China and Russia. While no one wishes for a situation to turn hot, the necessity for deterrence boosts ATRO stock. * 10 Buy-and-Hold Stocks to Own Forever Another factor to consider is that defense projects don't occur in a vacuum. For instance, a single manufacturer may develop a fighter jet's airframe. However, companies like Astronics specialize in the less sexier but still critical components, such as communications or electrical power systems. Thus, a win for a defense blue chip may also be a win for ATRO stock. Elastic (ESTC)One of the many highly anticipated tech-related initial public offerings to come out in the last few years, Elastic (NYSE:ESTC) has fortunately avoided the curse of hyped IPOs. That said, ESTC has flatlined technically since early spring of this year. However, this slow down also represents why Elastic is among the small caps to watch closely.Primarily, this is because Elastic promises to change digital search functions for enterprises. As such, Elastic is in some ways the corporate version of Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). Today, searching isn't just about typing in text; instead, people swipe, point or talk within an app's architecture. Bringing these actions toward usable information is what makes Elastic, and by deduction, ESTC stock so compelling.Moreover, you've probably used Elastic without even knowing it. The company is behind the open source technology that drives ride-sharing outfits like Uber Technologies (NYSE:UBER) and Lyft (NASDAQ:LYFT).Now, with a market cap of nearly $7 billion, I wouldn't normally regard ESTC as belonging to small-cap stocks. Nonetheless, I believe its relatively lesser known profile justifies its inclusion. Wallbridge Mining (WLBMF)Source: Shutterstock More belonging to the micro caps as opposed to small-cap stocks, Wallbridge Mining (OTCMKTS:WLBMF) is an extremely risky play. With shares trading at only a quarter -- and I mean that literally -- WLBMF stock is the epitome of speculative. Please don't say I didn't warn you as I warned you twice in consecutive fashion!However, I believe the current environment for gold and silver prices is the best it has been in a long time. Just in this write up, we've discussed the trade war, tensions in the Middle East and rising global adversaries. People are very much scared, and when fear rises, they typically run to gold. * 7 Hot & Trendy Generation Z Stocks to Buy Therefore, I view WLBMF stock as an anticipated play on broader emotions. When more people get wind of the precious metals opportunity, this will naturally spike up prices. And when that happens, invariably, some folks will seek out cheaper, more accessible stocks.As of this writing, Josh Enomoto is long gold and silver. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post 8 Stellar Small-Cap Stocks to Buy That Are in Major Industries appeared first on InvestorPlace.
- Business Wire
B&G Foods Announces Closing of $450.0 Million Term Loan B Facility
B&G Foods used the proceeds of the new term loans, together with the net proceeds of B&G Foods’ recently completed offering of $550.0 million of 5.25% senior notes due 2027, to redeem all $700.0 million of B&G Foods’ 4.625% senior notes due 2021, repay a portion of B&G Foods’ borrowings under its revolving credit facility and pay related fees and expenses. B&G Foods expects to use the remaining proceeds for general corporate purposes. Barclays, Deutsche Bank Securities, RBC Capital Markets, BofA Securities, BMO Capital Markets, Goldman Sachs Bank USA and J.P. Morgan acted as joint lead arrangers and bookrunners, and Credit Suisse, Capital One, Citigroup, Citizens Bank, Rabobank and TD Securities acted as joint co-documentation agents.
- Zacks
Hershey (HSY) Benefiting From Acquisitions & Saving Efforts
Hershey (HSY) has been undertaking buyouts to augment portfolio and expand in the snacking category. Also, the company focuses on optimizing portfolio to increase profitability.
- Business Wire
B&G Foods Closes $550.0 Million Public Offering of Senior Notes
B&G Foods, Inc. announced today that it has completed its previously announced registered public offering of $550.0 million aggregate principal amount of 5.25% senior notes due 2027.
- Zacks
4 Major Reasons Why Hershey is Set to Sustain Strong Momentum
Hershey (HSY) regularly brings innovation to meet consumer demand. Further, the company is focusing on solidifying its footing in the growing snacking business.
- Simply Wall St.
Interested In B&G Foods, Inc. (NYSE:BGS)’s Upcoming 2.4% Dividend? You Have 4 Days Left
It looks like B&G Foods, Inc. (NYSE:BGS) is about to go ex-dividend in the next 4 days. You can purchase shares...
- Business Wire
B&G Foods Announces Pricing of Term Loan B Facility
As previously announced, B&G Foods intends to use the proceeds of the new term loans, together with the net proceeds of B&G Foods’ previously announced offering of $550.0 million of 5.25% senior notes due 2027, to redeem all of B&G Foods’ outstanding 4.625% senior notes due 2021, repay a portion of B&G Foods’ borrowings under its revolving credit facility, pay related fees and expenses and for general corporate purposes. Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico.
- Business Wire
B&G Foods Announces Pricing and Upsizing of Public Offering of Senior Notes
B&G Foods, Inc. announced today the pricing of a registered public offering of $550.0 million aggregate principal amount of 5.25% senior notes due 2027 at a price to the public of 100% of their face value.
- Business Wire
B&G Foods Announces Public Offering of Senior Notes
B&G Foods, Inc. announced today its intention to offer, subject to market and other conditions, $450.0 million aggregate principal amount of senior notes due 2027, pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.
- Moody's
B&G Foods, Inc. -- Moody's changes B&G Foods' outlook to negative, affirms B1 CFR; assigns ratings to new debt
Moody's Investors Service ("Moody's") changed B&G Foods, Inc. ("B&G") rating outlook to negative from stable, and affirmed the B1 Corporate Family Rating ("CFR"), B1-PD Probability of Default Rating, and B2 senior unsecured note ratings. Moody's also downgraded the senior secured first lien revolving credit facility to Ba2 from Ba1. The Speculative Grade Liquidity Rating of SGL-1 is unchanged.
- TheStreet.com
B&G Foods Could Bounce but We'll Sit This One Out
The 'Lightning Round' of Jim Cramer's Mad Money program is always exciting. In this daily bar chart of BGS, below, we can see that prices have been in a decline the past 12 months. The On-Balance-Volume (OBV) line shows a decline to a late August low and some improvement in September so far.
- Business Wire
B&G Foods Announces Proposed Refinancing
B&G Foods, Inc. (BGS), announced today that it intends to refinance its 4.625% senior notes due 2021 and existing indebtedness under its revolving credit facility with new tranche B term loans under B&G Foods’ existing credit facility and/or the issuance of new senior notes. The consummation of the refinancing is subject to completion of definitive agreements as well as customary closing conditions, and is subject to market and other conditions. There can be no assurance that the refinancing will occur, or, if it does, as to the terms of the refinancing.
- Simply Wall St.
Have Insiders Been Selling B&G Foods, Inc. (NYSE:BGS) Shares?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
- Zacks
Why Is B&G Foods (BGS) Down 5.4% Since Last Earnings Report?
B&G Foods (BGS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Zacks
B&G Foods Struggles With Input Costs, Pricing Likely to Aid
B&G Foods (BGS) is likely to witness input cost inflation in 2019. Nevertheless, efficient cost reduction and pricing strategies bode well.
- Zacks
Hershey Looks Alluring on Strong Brands and Savings Plans
Hershey (HSY) gains from saving efforts as well as buyouts and innovation. However, rising advertising expenses are a worry.
- Thomson Reuters StreetEvents
Edited Transcript of BGS earnings conference call or presentation 1-Aug-19 8:30pm GMT
Q2 2019 B&G Foods Inc Earnings Call
- Simply Wall St.
Here's What B&G Foods, Inc.'s (NYSE:BGS) P/E Ratio Is Telling Us
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
- Motley Fool
Why B&G Foods Stock Soared Today
A solid quarterly beat and raise left the branded foods leader rebounding on Friday.
Motley FoolB & G Foods (BGS) Q2 2019 Earnings Call Transcript
BGS earnings call for the period ending June 30, 2019.
- Zacks
B&G Foods (BGS) Gains on Q2 Earnings Beat, Sales Remain Soft
B&G Foods' (BGS) Q2 earnings crush its negative surprise record. However, sales decline owing to the divestiture of Pirates Brands, which is somewhat offset by the McCann and Clabber Girl buyouts.
- Zacks
B&G Foods (BGS) Surpasses Q2 Earnings Estimates
B&G Foods (BGS) delivered earnings and revenue surprises of 8.57% and -0.30%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
