Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
B&G Foods (BGS) has been benefiting from increased demand due to coronavirus-led stock hoarding. Also, pricing strategies and buyouts have been yielding results.
Bull of the Day: B&G; Foods (BGS)
B&G Foods, Inc. (NYSE: BGS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.475 per share of common stock. The dividend is payable on July 30, 2020 to shareholders of record as of June 30, 2020.
B&G Foods, Boot Barn, Royal Dutch Shell, TOTAL and BP highlighted as Zacks Bull and Bear of the Day
Top Ranked Momentum Stocks to Buy for May 11th
The COVID-19 pandemic has had a huge impact on the health and well-being of millions of people. Roughly two months ago, when gyms across the nation were closing their doors, savvy investors knew a door had opened for Peloton's business. Peloton, the largest interactive fitness platform in the world, is trying to become a household name, and it's made substantial progress during COVID-19 as consumers have looked for ways to exercise from home.
U.S. online grocery sales stand to surge around 40% in 2020. This indicates that consumers are willing to spend on products that will help them tide over the COVID-19 crisis.
The Zacks Analyst Blog Highlights: The J. M. Smucker Company, MGP Ingredients, SunOpta, The Hain Celestial Group and B&G Foods
Zacks.com featured highlights include: BGS, VST, HTH, GPK and SWM
A recent survey released by Piper Sandler, which assessed consumer behavior changes amidst COVID-19, concluded that most respondents were generally optimistic about the economy, more than half are spending less since mid-March, and 55% of consumers don’t expect to return to normal spending behavior for >6 months after COVID-19 concerns fade. The Final Round panel breaks down the survey and discusses what the survey means for retailers in a post-coronavirus world.
B&G Foods (BGS) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.
B&G Foods, Inc. (BGS) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
Cook-at-home plays are cooling off after a pandemic-driven buying spike lifted many of these issues to 52-week highs, but American cooking habits may have changed permanently, especially among millennials who grew up on fast food diets rather than learning the intricacies of baking, broiling, or frying. B&G Foods, Inc. (BGS) came public at $13.50 in May 2007, entering an immediate downtrend that posted an all-time low at $2.54 in October 2008.
Q1 2020 B&G Foods Inc Earnings Call
First B&G Foods (BGS) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
B&G Foods (BGS) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Cook-at-home could be more of a trend moving forward, so here are a few picks catering to that segment.
As of late, it has definitely been a great time to be an investor in B&G Foods.
Consumer behavior has changed drastically since stringent social-distancing measures are in place. This opens up opportunities for some businesses.