B&G Foods stock: buy or sell?

BGS stock price: $18.09 7.30% At close on March 31st, 2020

Updated on:
March 31st, 2020

3

After breaking up the SMA line of 200d yesterday, B&G Foods shares closed at $18.09, rocketed a 7.30%. Counting Tuesday, it's been 4 climbing sessions in a row, adding $2.06 or 12.33%. On Mar 23rd BGS plummed a chilling -6.34%.

B&G Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable, and frozen food and household products in the United States, Canada, and Puerto Rico.

Should I buy B&G Foods stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to define your own trading strategy that matches with your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with B&G Foods stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is B&G Foods stock a buy?

Financial institutions and banks publish stock ratings everyday. Unfortunately, we couldn't detect any rating for BGS stock for the last 30 days.

B&G Foods stock analysis

Daily outlook

After breaking up the simple moving average line of 200d yesterday, B&G Foods shares closed today at $18.09, rocketed a 7.30%.

After breaking up the simple moving average line of 200d yesterday, B&G Foods shares closed at $18.09. BGS shows a sign of strength in the short-term after finally breaking out above $18.07 on March 23rd and marking a new rising bottom.

BGS stock chart (daily)

Weekly outlook

B&G Foods shares broke up the SMA line of 200d, closing at $18.09. Early March BGS plummed a spooky -21.01% in just one week.

BGS stock chart (weekly)

B&G Foods stock price history

B&G Foods stock went public on May 23rd, 2007 with a price of $6.131. Since then, BGS stock surged a 195.10%, with a yearly average of 16.30%. If you had invested $1,000 in B&G Foods stock in 2007, it would worth $1,951.00 today.

1: Adjusted price after possible price splits or reverse-splits.

B&G Foods stock historical price chart

BGS stock reached 52-week highs on May at $23.59, and all-time highs 2016-07-29 with a price of 40.82.

B&G Foods stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not detected any price prediction for B&G Foods stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, B&G Foods didn't meet the expectations of the analysts and reported a dreadful EPS of $0.34 per share when experts were expecting $0.52.
BGS earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.41n/a
2017-Q32017-10-310.460.5519.6%
2017-Q42018-02-270.590.57-3.4%
2018-Q12018-05-030.510.557.8%
2018-Q22018-08-020.420.38-9.5%
2018-Q32018-10-300.590.57-3.4%
2018-Q42019-02-260.520.34-34.6%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, B&G Foods annual revenues stepped up a good 3.30% to $1,700.76 M dollars from $1,646.39 marked in 2017. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) slightly fell a -3.07% to 10.14%.

BGS annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$725 M-$52 M7.2%-
2014$848 M16.97%$41 M4.8%-21.75%
2015$966 M13.96%$69 M7.1%68.69%
2016$1,391 M43.97%$109 M7.9%58.38%
2017$1,646 M18.34%$217 M13.2%98.73%
2018$1,701 M3.30%$172 M10.1%-20.71%

Quarterly financial results

B&G Foods reported $458.06 M in sales for 2018-Q4, a 8.39% up compared to previous quarter. Reported quarter earnings marked $111.92 million with a profit margin of 24.43%. Profit margin climbed a 16.87% compared to previous quarter when profit margin was 7.57%. When comparing revenues to same quarter last year, B&G Foods sales marked an awful drop down and eased a -6.14%. Looking back to recent quarterly results, B&G Foods posted 2 positive quarters in a row.
BGS quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$368 M-$22 M6.0%-
2017-Q3$408 M10.93%$33 M8.0%48.37%
2017-Q4$488 M19.51%$130 M26.6%296.91%
2018-Q1$432 M-11.53%$21 M4.8%-84.18%
2018-Q2$388 M-10.04%$8 M2.1%-61.18%
2018-Q3$423 M8.81%$32 M7.6%301.05%
2018-Q4$458 M8.39%$112 M24.4%249.89%
2019-Q1$413 M-9.89%$17 M4.1%-85.00%

B&G Foods ownership

When you are planning to buy shares of a stock, it's always worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For B&G Foods, 2.44% of all outstanding shares are owned by its staff.

Bearish positions for BGS stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to B&G Foods:

BGS
Market cap$1.2 B
Total shares64.0 M
Float shares62.5 M
  - Institutional holdings (%)91.4%
  - Insider holdings (%)2.4%
Shares in short selling0.0%

B&G Foods summary

Tuesday, March 31st, 2020
Open$16.88
Close$18.09
Day range$16.79 - $18.25
Previous close$16.86
Session gain7.30%
Average true range$2.05
50d mov avg$15.04
100d mov avg$15.54
200d mov avg$16.48
Daily patternlb02c
Weekly pattern lb06c

B&G Foods performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For B&G Foods, the benchmark is made against .
Stock3m6m12m
BGSB&G Foods5.67%4.87%-16.13%

B&G Foods competitors

Unfortunately, we could not find any public company that could be defined as B&G Foods competitor. This doesn't mean B&G Foods does not have any competitor in the market, it's just we could not detected it.