|Bid||0.00 x 2900|
|Ask||0.00 x 800|
|Day's Range||29.46 - 30.30|
|52 Week Range||22.00 - 39.75|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||10.52|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||1.90 (6.54%)|
|1y Target Est||31.25|
Moody's Investors Service ("Moody's") affirmed B&G Foods, Inc. ("B&G") B1 Corporate Family Rating ("CFR") and B1-PD Probability of Default Rating ("PDR"), as well as B2 rating of the senior unsecured notes. The action follows the announcement that B&G used $420 million of proceeds from the sale of its Pirate Brands asset and borrowings under its revolving credit facility to fully repay the remaining $500 million of first lien term loan. The upgrade of the senior secured first lien revolving credit facility rating to Ba1 reflects the reduction in the first lien facility in the capital structure, following prepayment of $500 million of first lien term loan in its entirety.
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NEW YORK, Nov. 02, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
B&G Foods, Inc. announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.475 per share of common stock. The dividend is payable on January 30, 2019 to shareholders of record as of December 31, 2018.
B&G Foods' (BGS) top and bottom lines missed the respective Zacks Consensus Estimate in the third quarter of 2018, owing to the challenging food environment. Management also lowered its outlook for 2018.
B&G Foods (BGS) delivered earnings and revenue surprises of -3.39% and -2.36%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Parsippany, New Jersey-based company said it had net income of 48 cents. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to 57 cents ...
B&G Foods' (BGS) high freight costs remain a threat to margins in Q3. However, the company's top line has been gaining from strength in its Green Giant business, which is a positive.
B&G Foods (BGS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
B&G Foods, Inc. (BGS) announced that effective today it has completed the sale of its Pirate Brands business, including the Pirate’s Booty, Smart Puffs and Original Tings brands, to Amplify Snack Brands, Inc., a subsidiary of The Hershey Company, for approximately $420.0 million in cash, subject to customary closing and post-closing adjustments. B&G Foods intends to use the proceeds from the sale together with additional borrowings under its revolving credit facility to repay the entire $500.1 million principal amount of tranche B term loans outstanding under its credit facility and to pay taxes, fees and expenses related to the sale.
B&G Foods, Inc. announced today that it has scheduled a conference call to discuss the Company’s third quarter 2018 financial results on Tuesday, October 30, 2018 at 4:30 p.m.
This analysis is intended to introduce important early concepts to people who are starting to invest and want to learn about the link between company’s fundamentals and stock market performance. Read More...
NEW YORK, Sept. 27, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
The Campbell Soup Company’s (CPB) worries are likely here to stay—at least for the next couple of quarters. The company’s top line is expected to gain from incremental sales from its Snyder’s-Lance acquisition. Meanwhile, Conagra Brands (CAG) announced its acquisition of Pinnacle Foods.
This means that investors who seek to profit from falling equity prices are currently targeting BGS. Index (PMI) data, output in the Consumer Goods sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
B1 stable) September 12th announcement that it had entered into an agreement to sell its Pirate Brands business -- including the Pirate's Booty, Smart Puffs and Original Tings brands -- to The Hershey Company (A1 stable) for approximately $420 million in cash is credit positive but does not impact the company's current ratings or outlook. The company is selling the asset at a favorable valuation, according to Moody's, and management has stipulated that it will use a material amount of the proceeds realized therefrom to reduce debt. For additional information, subscribers to Moody's research are directed to the associated Issuer Comment and Credit Opinion for B&G, which can be found on the rating agency's website at www.moodys.com.
On September 12, Hershey (HSY) announced that it is acquiring Pirate Brands from B&G Foods (BGS) for $420 million. The acquisition of Pirate Brands is a strategic fit for Hershey, as it is expected to strengthen its Amplify Snack Brands portfolio, which is growing at a healthy rate. Hershey’s top line is gaining significantly from its recent acquisition of Amplify Snack Brands, which added 5.9% to its net sales growth rate during the last reported quarter.