Geometry Dash APK Hill Climb Racing APK
71.8 F
New York
Monday, May 16, 2022

Investor Confidence is Rising for B&G Foods Inc. (NYSE:BGS)

Must read

Healthier Choices Management (OTCMKTS:HCMC) Falls Following WallStreetBets Hype

Investing in stocks that are gaining momentum is often regarded as a sound investment and more often than not it works out...

Enzolytics Inc (OTCMKTS:ENZC) In Focus: Regains It’s Momentum

One of the most notable gainers over the course of the past months has been the Enzolytics Inc stock. While it is...

Medmen Enterprises Inc (OTCMKTS:MMNFF) Pulls Back From Highs as Buzz Cools Off

Among the sectors which have bounced back in 2021, the cannabis sector is one of considerable interest since it had been in...

VirtualArmour International Inc (OTCMKTS:VTLR) Jumps Another 250% This Week

Not every move in the stock market can always be explained and hence, investors are often rightly confused when a stock records...

B&G Foods Inc. (BGS) shares are trading at higher $28.74 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $29.33.

To add more color to this target, the company’s high over the last year is $31.93 and the low is $10.39. Over the last 52 weeks, BGS is up 86.62% while the S&P 500 is up 11.51%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BGS reported a profit of $134.1 million. B&G Foods Inc. also saw revenues increase to $512.54 million. In addition, BGS has free cash flow of $236.35 million as of 06-2020. The company’s EBITDA came in at $104.29 million which compares well with its peers.

BGS booked profit margins of 6.20%, its Return on Equity (ROE) is 14.00%, and its Return on Assets is 3.40%. All told, it is clear that, BGS needs to be on your watchlist.

Find out when BGS reaches critical levels. Subscribe to Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BGS has a short ratio of 18.90 and outstanding shares of 64.13M.

Company Outlook

BGS has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 1.79. B&G Foods Inc. BGS also noted assets of $3.25 billion at the end of the last quarter. Investors should also keep an eye on sector updates as BGS has historically followed its peers on positive news.

All told, B&G Foods Inc. BGS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BGS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

B&G Foods Inc. BGS is now commanding a market cap of 1.84B and a float of 62.64M. BGS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BGS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BGS, either long or short, and we have not been compensated for this article.

Latest article

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan

88 Energy Ltd (OTCMKTS:EEENF) Stock In Focus After Recent News

Every day plenty of investors look for stocks to invest in from the oil and gas sector. It is a vast industry...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service