Auriga Reiterates a 'Hold' on B&G Foods (BGS); Q4 Preview: Focus on Culver Integration and 2012 Growth Expectations
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Price: $10.67 +0.09%
Rating Summary:
4 Buy, 11 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 47
Rating Summary:
4 Buy, 11 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 47
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Auriga reiterates a 'Hold' on B&G Foods (NYSE: BGS) price target of $23.00.
Auriga analyst says, "B&G Foods is scheduled to report its 4Q11 and FY11 results on Thursday, and we expect much of the investor focus to revolve around its integration of Culver Specialty Brands (CSB), which was completed last month, organic growth opportunities, and margin enhancement related to the acquisition. We expect B&G to realize benefits from the CSB acquisition during the year, and consider the acquisition to be consistent with management's approach of assimilating smaller brands that have high cash flows as well as defensible market positions. We believe the acquired brands, which include Mrs. Dash seasoning, possess organic growth possibilities through brand expansion and an improved marketing effort. We also believe that the acquisition may benefit B&G's existing brands, as it represents an opportunity to improve penetration into retail accounts. While we believe management has provided cautious expectations from the acquisition, we believe there are incremental revenue and cost saving opportunities. Overall, we continue to favorably view B&G's operations and growth strategy, which focused on high margin brands, but view the shares as fairly valued."
For an analyst ratings summary and ratings history on B&G Foods click here. For more ratings news on B&G Foods click here.
Shares of B&G Foods closed at $22.81 yesterday.
Auriga analyst says, "B&G Foods is scheduled to report its 4Q11 and FY11 results on Thursday, and we expect much of the investor focus to revolve around its integration of Culver Specialty Brands (CSB), which was completed last month, organic growth opportunities, and margin enhancement related to the acquisition. We expect B&G to realize benefits from the CSB acquisition during the year, and consider the acquisition to be consistent with management's approach of assimilating smaller brands that have high cash flows as well as defensible market positions. We believe the acquired brands, which include Mrs. Dash seasoning, possess organic growth possibilities through brand expansion and an improved marketing effort. We also believe that the acquisition may benefit B&G's existing brands, as it represents an opportunity to improve penetration into retail accounts. While we believe management has provided cautious expectations from the acquisition, we believe there are incremental revenue and cost saving opportunities. Overall, we continue to favorably view B&G's operations and growth strategy, which focused on high margin brands, but view the shares as fairly valued."
For an analyst ratings summary and ratings history on B&G Foods click here. For more ratings news on B&G Foods click here.
Shares of B&G Foods closed at $22.81 yesterday.
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