BGS Stock Summary and Trading Ideas (B&G Foods | NYSE:BGS)

B&G Foods Inc is an American packaged-food manufacturer. It operate in a single industry segment and manufacture, sell and distribute a diverse portfolio of high-quality shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Its products include frozen and canned vegetables, vegetable, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, The company's main brands are Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Cary's, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Durkee, Emeril's, Grandma's Molasses, MacDonald's.

B&G Foods trades on the NYSE stock market under the symbol BGS.

As of April 18, 2024, BGS stock price climbed to $10.66 with 210,388 million shares trading.

BGS has a beta of 0.68, meaning it tends to be less sensitive to market movements. BGS has a correlation of 0.02 to the broad based SPY ETF.

BGS has a market cap of $838.14 million. This is considered a Small Cap stock.

Last quarter B&G Foods reported $578 million in Revenue and $.30 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.01.

In the last 3 years, BGS stock traded as high as $36.52 and as low as $7.20.

The top ETF exchange traded funds that BGS belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

BGS has underperformed the market in the last year with a price return of -24.6% while the SPY ETF gained +22.6%. However, in the short term, BGS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.2% vs +6.4% return in SPY. But in the last 2 weeks, BGS shares have been beat by the market, returning -3.8% compared to an SPY return of -3.6%.

BGS support price is $10.41 and resistance is $10.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BGS stock will trade within this expected range on the day.