B&G Foods 
BGS , owner of over 50 food brands including Green Giant, Ortega, Cream of Wheat, Mrs. Dash, and Crisco, has dropped nearly 92% in price since its high in 2021. Currently trading at $4.43 and with a book value of $6.43, BGS may have some running room in the next 1-2 years for a forward P/E of 10x (currently negative, so there is anticipated growth, though small). This is another company that would greatly benefit from lowered interest rates due to its high debt-to-equity (4x).
So, while debt and consumer spending declines may pose a threat toBGS , I believe it is currently undervalued. If the stock drops due to poor earnings (which could drop to under $2.00), I will be entering another position unless fundamental / outlook truly change.
Thus, at $4.45,BGS is in a personal buy zone.
Targets into 2027:
BGS , owner of over 50 food brands including Green Giant, Ortega, Cream of Wheat, Mrs. Dash, and Crisco, has dropped nearly 92% in price since its high in 2021. Currently trading at $4.43 and with a book value of $6.43, BGS may have some running room in the next 1-2 years for a forward P/E of 10x (currently negative, so there is anticipated growth, though small). This is another company that would greatly benefit from lowered interest rates due to its high debt-to-equity (4x).So, while debt and consumer spending declines may pose a threat to
BGS , I believe it is currently undervalued. If the stock drops due to poor earnings (which could drop to under $2.00), I will be entering another position unless fundamental / outlook truly change.Thus, at $4.45,
BGS is in a personal buy zone.Targets into 2027:
- $5.25
- $6.25
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.