Major Move Is Coming For B&G Foods, Inc. After Bearish Options Activity

 Major Move Is Coming For B&G Foods, Inc. After Bearish Options Activity

In today’s session B&G Foods, Inc. (BGS) recorded an unusually high (55) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the February, 2017 put, expecting serious BGS decrease. With 55 contracts traded and 2964 open interest for the Feb, 17 contract, it seems this is a quite bearish bet. The option with symbol: BGS170217P00040000 closed last at: $1.15 or 17.9% down. About 93,582 shares traded hands. B&G Foods, Inc. (NYSE:BGS) has risen 27.60% since April 26, 2016 and is uptrending. It has outperformed by 22.34% the S&P500.

Analysts await B&G Foods, Inc. (NYSE:BGS) to report earnings on February, 23. They expect $0.39 earnings per share, down 9.30% or $0.04 from last year’s $0.43 per share. BGS’s profit will be $25.42 million for 27.34 P/E if the $0.39 EPS becomes a reality. After $0.56 actual earnings per share reported by B&G Foods, Inc. for the previous quarter, Wall Street now forecasts -30.36% negative EPS growth.

B&G Foods, Inc. (NYSE:BGS) Ratings Coverage

Out of 8 analysts covering B&G Foods (NYSE:BGS), 1 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 13% are positive. B&G Foods has been the topic of 20 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by DA Davidson on Tuesday, August 9. On Thursday, September 3 the stock rating was maintained by Piper Jaffray with “Neutral”. The stock of B&G Foods, Inc. (NYSE:BGS) earned “Outperform” rating by William Blair on Friday, September 4. The rating was upgraded by DA Davidson to “Buy” on Friday, April 29. The firm has “Sell” rating given on Thursday, August 27 by Zacks. The company was initiated on Tuesday, October 20 by Barclays Capital. The stock of B&G Foods, Inc. (NYSE:BGS) has “Neutral” rating given on Friday, May 13 by DA Davidson. DA Davidson initiated the shares of BGS in a report on Friday, December 11 with “Neutral” rating. Zacks downgraded the shares of BGS in a report on Wednesday, September 2 to “Sell” rating. The firm has “Outperform” rating by William Blair given on Monday, July 27.

According to Zacks Investment Research, “B&G FOODS and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, shelf-stable foods across the United States, Canada and Puerto Rico. B&G Foods’ products include hot cereals, fruit spreads, canned meats and beans, spices, seasonings, marinades, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, Mexican-style sauces, taco shells and kits, salsas, pickles, peppers and other specialty food products. B&G Foods competes in the retail grocery, food service, specialty, private label, club and mass merchandiser channels of distribution. Based in Parsippany, New Jersey, B&G Foods’ products are marketed under many recognized brands, including Ac’cent, B&G, B&M, Brer Rabbit, Cream of Rice, Cream of Wheat, Emeril’s, Grandma’s Molasses, Joan of Arc, Las Palmas, Maple Grove Farms of Vermont, Ortega, Polaner, Red Devil, Regina, Sa-són, Trappey’s, Underwood, Vermont Maid and Wright’s.”

B&G Foods, Inc. is a holding company. The company has a market cap of $2.78 billion. The Firm makes, sells and distributes a diverse portfolio of shelf-stable and frozen food, and household products across the United States, Canada and Puerto Rico. It has a 24.66 P/E ratio. The Company’s products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato products, puffed corn and rice snacks, nut clusters and other specialty products.

BGS Company Profile

B&G Foods, Inc. (B&G Foods), incorporated on November 25, 1996, is a holding company. The Firm makes, sells and distributes a diverse portfolio of shelf-stable and frozen food, and household products across the United States, Canada and Puerto Rico. The Company’s products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato products, puffed corn and rice snacks, nut clusters and other specialty products. The Company’s products are marketed under various brands, including Ac’cent, B&G, B&M, Baker’s Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary’s, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Emeril’s, Grandma’s Molasses, Green Giant, JJ Flats, Joan of Arc, Las Palmas, Le Sueur, MacDonald’s, Mama Mary’s, Maple Grove Farms of Vermont, Molly McButter, Mrs. Dash, New York Flatbreads, New York Style, Old London, Original Tings, Ortega, Pirate’s Booty, Polaner, Red Devil, Regina, Rickland Orchards, Sa-son, Sclafani, Smart Puffs, Spring Tree, Sugar Twin, Trappey’s, TrueNorth, Underwood, Vermont Maid and Wright’s. It also sells and distributes Static Guard, a household product brand. It sells and distributes its products directly and through a network of brokers and distributors to supermarket chains, food service outlets, mass merchants, warehouse clubs, non-food outlets and specialty distributors.

More notable recent B&G Foods, Inc. (NYSE:BGS) news were published by: Fool.com which released: “Why B&G Foods Inc. Gained 12% Last Month” on July 10, 2016, also Fool.com with their article: “Why B&G Foods, Inc. Stock Soared Today” published on April 29, 2016, Seekingalpha.com published: “B&G Foods Increases Dividend 10.7%” on November 29, 2016. More interesting news about B&G Foods, Inc. (NYSE:BGS) were released by: Foodbusinessnews.net and their article: “B&G Foods to acquire ACH Food Companies spices business” published on September 21, 2016 as well as Businesswire.com‘s news article titled: “B&G Foods Completes Acquisition of Spices Business from ACH Food Companies” with publication date: November 21, 2016.

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