B&G Foods Inc B&G Foods Inc (NYSE:BGS) Shorted Shares Increased By 11.75%

May 17, 2018 - By Ann Prendergast

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

The stock of B&G Foods Inc B&G Foods Inc (NYSE:BGS) registered an increase of 11.75% in short interest. BGS’s total short interest was 19.39 million shares in May as published by FINRA. Its up 11.75% from 17.35 million shares, reported previously. With 1.01 million shares average volume, it will take short sellers 19 days to cover their BGS’s short positions. The short interest to B&G Foods Inc B&G Foods Inc’s float is 29.78%.

The stock increased 1.84% or $0.5 during the last trading session, reaching $27.7. About 1.46 million shares traded or 5.98% up from the average. B&G Foods, Inc. (NYSE:BGS) has declined 37.88% since May 17, 2017 and is downtrending. It has underperformed by 49.43% the S&P500.

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. The company has market cap of $1.85 billion. 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. It has a 8.5 P/E ratio. The firm markets its products under various brands, including AcÂ’cent, B&G, B&M, BakerÂ’s Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, CaryÂ’s, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Durkee, EmerilÂ’s, GrandmaÂ’s Molasses, Green Giant, JJ Flats, Joan of Arc, Las Palmas, Le Sueur, MacDonaldÂ’s, Mama MaryÂ’s, Maple Grove Farms of Vermont, Molly McButter, Mrs.

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

Among 6 analysts covering B\u0026G Foods (NYSE:BGS), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. B\u0026G Foods had 8 analyst reports since February 28, 2018 according to SRatingsIntel. The rating was maintained by Stephens on Wednesday, February 28 with “Buy”. The rating was downgraded by Berenberg to “Hold” on Thursday, March 1. BMO Capital Markets maintained B&G Foods, Inc. (NYSE:BGS) on Thursday, March 1 with “Outperform” rating. As per Tuesday, April 3, the company rating was upgraded by Credit Suisse. On Tuesday, April 3 the stock rating was maintained by RBC Capital Markets with “Buy”. Berenberg upgraded the shares of BGS in report on Friday, May 4 to “Buy” rating. On Wednesday, March 7 the stock rating was downgraded by Credit Suisse to “Underperform”. As per Wednesday, February 28, the company rating was maintained by Buckingham Research.

More notable recent B&G Foods, Inc. (NYSE:BGS) news were published by: Seekingalpha.com which released: “Buy Ecolab If It Goes Down – Cramer’s Lightning Round (4/17/18)” on April 18, 2018, also Seekingalpha.com with their article: “B&G Foods: Conservative Shoppers Shop Elsewhere” published on May 01, 2018, Investorplace.com published: “3 Small Stocks to Buy That Offer High Yields” on May 11, 2018. More interesting news about B&G Foods, Inc. (NYSE:BGS) were released by: Seekingalpha.com and their article: “B&G Foods: Pick Up This Dividend Stock Yielding 7%” published on May 11, 2018 as well as Streetinsider.com‘s news article titled: “Cream of Wheat maker to hike prices by end of May: CEO” with publication date: May 17, 2018.

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

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