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BGS

B&G Foods

$29.65

-0.04 (-0.13%)

08:44
01/10/19
01/10
08:44
01/10/19
08:44

B&G Foods cut to Market Perform at BMO Capital on valuation, portfolio mix

As previously reported, BMO Capital analyst Kenneth Zaslow downgraded B&G Foods to Market Perform from Outperform and lowered his price target to $33 from $37. The analyst says that the rating change does not reflect a "negative or unfavorable change in our current view or outlook of the company", but sees the case for the stock as "less persuasive" at current valuation. Zaslow adds that once the uncertainty regarding the company's dividend policy has dissipated, the stock has recovered its valuation gap relative to the packaged group average, trading at 12-times enterprise value to EBITDA multiple vs. peer group's 10-times.

BGS B&G Foods
$29.65

-0.04 (-0.13%)

06/19/18
06/19/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Ollie's Bargain Outlet (OLLI) initiated with a Hold at Loop Capital. 2. B&G Foods (BGS) assumed with a Neutral at Piper Jaffray. 3. Iterum Therapeutics (ITRM) initiated with an Outperform at RBC Capital and Leerink while being initiated with a Buy at Needham and Guggenheim. 4. Ingersoll-Rand (IR) initiated with an Outperform at Cowen. 5. Ally Financial (ALLY) initiated with a Neutral at Nomura Instinet. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/13/18
SPHN
09/13/18
NO CHANGE
Target $35
SPHN
Overweight
Stephens sees B&G Foods trading up after deal to sell Pirate Brands to Hershey
Stephens analyst Farha Aslam said she expects shares of B&G Foods (BGS) to trade up following the announcement of a deal to sell Pirate Brands to Hershey (HSY) for $420M, given the multiple it received and its increased balance sheet flexibility. Pirate Brands is "on-trend," but was not a strong strategic fit for B&G, said Aslam, who reiterated her Overweight rating and $35 price target on the shares. In pre-market trading, B&G Foods shares are up about 2% to $32.60.
12/12/18
KING
12/12/18
INITIATION
Target $37.5
KING
Buy
B&G Foods initiated with a Buy at CL King
CL King analyst Michael Gallo initiated B&G Foods with a Buy and $37.50 price target.
01/10/19
BMOC
01/10/19
DOWNGRADE
BMOC
Market Perform
B&G Foods downgraded to Market Perform from Outperform at BMO Capital

TODAY'S FREE FLY STORIES

RTN

Raytheon

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GOOG

Alphabet

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JPM

JPMorgan

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0.06 (0.06%)

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PHG

Philips

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LMFA

LM Funding

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0.765 (53.87%)

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NWSA

News Corp.

$12.42

0.03 (0.24%)

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Upgrade
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FDC

First Data

$22.17

0.9 (4.23%)

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Options
First Data call volume above normal and directionally bullish »

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BLK

BlackRock

$410.20

-2.65 (-0.64%)

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MS

Morgan Stanley

$42.66

-1.82 (-4.09%)

, AAPL

Apple

$154.13

-0.75 (-0.48%)

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MS

Morgan Stanley

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AAPL

Apple

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JNJ

Johnson & Johnson

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SHLD

Sears

$0.00

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SBNY

Signature Bank

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7.98 (7.10%)

MTB

M&T Bank

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7.32 (4.74%)

SIG

Signet Jewelers

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WDC

Western Digital

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-1.83 (-4.84%)

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LPCN

Lipocine

$2.24

0.65 (40.88%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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Technical Analysis
NASDAQ market internals summary »

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LMB

Limbach Holding

$5.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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LPCN

Lipocine

$2.27

0.68 (42.77%)

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CVE

Cenovus Energy

$7.79

-0.19 (-2.38%)

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Options
Second day of call buying in Cenovus Energy continues as shares slump »

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SQ

Square

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ALBO

Albireo Pharma

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0.08 (0.33%)

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GPOR

Gulfport Energy

$8.67

-0.23 (-2.58%)

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UNFI

United Natural Foods

$13.09

-2.32 (-15.06%)

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ESTE

Earthstone Energy

$5.28

-1.49 (-22.01%)

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SIG

Signet Jewelers

$25.49

-7.885 (-23.63%)

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SKX

Skechers

$27.64

2.27 (8.95%)

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CSV

Carriage Services

$18.60

1.61 (9.48%)

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SNH

Senior Housing

$12.82

-0.07 (-0.54%)

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Put buyers in Senior Housing Properties »

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SHLD

Sears

$0.00

(0.00%)

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