Viacom, Inc. (VIAB) Forms $30.28 Double Top; B&G Foods B&G Foods (BGS) Shorts Up By 8.75%

June 25, 2018 - By Shannon Black

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

B&G Foods Inc B&G Foods Inc (NYSE:BGS) had an increase of 8.75% in short interest. BGS’s SI was 17.85M shares in June as released by FINRA. Its up 8.75% from 16.42 million shares previously. With 1.27 million avg volume, 14 days are for B&G Foods Inc B&G Foods Inc (NYSE:BGS)’s short sellers to cover BGS’s short positions. The SI to B&G Foods Inc B&G Foods Inc’s float is 27.43%. The stock increased 1.90% or $0.6 during the last trading session, reaching $32.15. About 1.94 million shares traded or 63.22% up from the average. B&G Foods, Inc. (NYSE:BGS) has declined 30.89% since June 25, 2017 and is downtrending. It has underperformed by 43.46% the S&P500. Some Historical BGS News: 09/05/2018 – GAMCO ADDED XL, KS, MSCC, AET, BG IN 1Q: 13F; 25/04/2018 – BG UMBRELLA FUND IRSH ANNUAL REPORT 31.12.2017; 22/05/2018 – B&G FOODS RAISES QUARTERLY DIVIDEND TO 47.5C/SHR FROM 46.5C/SHR; 03/05/2018 – B&G FOODS INC BGS.N SEES FY 2018 SALES ABOUT $1.72 BLN TO $1.755 BLN; 03/05/2018 – B&G Foods 1Q Adj EPS 55c; 16/05/2018 – BG BLUE SKY GRANT OF THE WHITEWASH WAIVER; 15/03/2018 – S&PGR Revises Otlk On B&G Foods To Negative, Affirms Rtgs; 07/05/2018 – Green Giant® Partners with St. Jude Children’s Research Hospital® to Launch Limited Edition Cans Featuring Patient Artwork; 29/03/2018 – J.M. Smucker takes initial bakery bids; 15/05/2018 – B&G Foods Presenting at Bank of Montreal Conference Tomorrow

Viacom, Inc. (VIAB) formed double top with $31.49 target or 4.00% above today’s $30.28 share price. Viacom, Inc. (VIAB) has $12.45 billion valuation. The stock decreased 0.39% or $0.12 during the last trading session, reaching $30.28. About 3.51 million shares traded or 1.25% up from the average. Viacom, Inc. (NASDAQ:VIAB) has declined 21.25% since June 25, 2017 and is downtrending. It has underperformed by 33.82% the S&P500. Some Historical VIAB News: 14/05/2018 – HEDGE accordingly : Weekly News Roundup | Exclusive: Redstone makes concessions on Viacom CEO in bid to clinch CBS deal –; 25/04/2018 – Viacom Anticipates More Than $100 Million in Cost Savings in Fiscal 2018; 24/04/2018 – MTV Catapults to Thursday’s #1 Network in Primetime; 23/05/2018 – Hollywood Rpter: Behind Leslie Moonves’ Crusade to Save CBS From Viacom; 15/05/2018 – A dysfunctional family reunion at CBS/Viacom; 21/03/2018 – Freestyle Fridays Are Back! BET Networks Announces Launch of the Ultimate Search for Today’s Hottest MC with the Interactive; 16/05/2018 – The showdown comes as the Redstones were seeking to merge CBS and Viacom; 02/04/2018 – @CNBC Update: CBS plans to make an all-stock bid to buy Viacom that’s below its market value, sources close to the situation told CNBC; 10/04/2018 – CBS IS SAID TO SEE $530M IN SYNERGIES, VIACOM $1B IN DEAL: CNBC; 25/04/2018 – VIACOM: ON TRACK FOR NEW ONLINE SERVICE LATER THIS YEAR

Among 39 analysts covering Viacom Inc. (NASDAQ:VIAB), 13 have Buy rating, 0 Sell and 26 Hold. Therefore 33% are positive. Viacom Inc. has $87 highest and $24.0 lowest target. $40.47’s average target is 33.65% above currents $30.28 stock price. Viacom Inc. had 135 analyst reports since August 7, 2015 according to SRatingsIntel. On Monday, October 16 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The firm has “Outperform” rating by Credit Suisse given on Friday, November 13. The firm earned “Overweight” rating on Monday, September 26 by Barclays Capital. On Monday, October 9 the stock rating was downgraded by Citigroup to “Sell”. The rating was maintained by Bank of America with “Buy” on Friday, November 17. Guggenheim upgraded Viacom, Inc. (NASDAQ:VIAB) on Monday, January 9 to “Buy” rating. The rating was maintained by Wedbush on Monday, February 6 with “Neutral”. The rating was maintained by Pivotal Research with “Hold” on Friday, August 4. Cowen & Co maintained Viacom, Inc. (NASDAQ:VIAB) on Friday, November 17 with “Hold” rating. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Outperform” rating given on Friday, August 7 by Wells Fargo.

Analysts await Viacom, Inc. (NASDAQ:VIAB) to report earnings on August, 2. They expect $1.08 EPS, down 7.69% or $0.09 from last year’s $1.17 per share. VIAB’s profit will be $444.06 million for 7.01 P/E if the $1.08 EPS becomes a reality. After $0.92 actual EPS reported by Viacom, Inc. for the previous quarter, Wall Street now forecasts 17.39% EPS growth.

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 $2.14 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 10.44 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.

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