Dt Investment Partners Decreased Best Buy (BBY) Position; B&G Foods B&G Foods (BGS) Shorts Raised By 6.35%

March 20, 2018 - By Louis Casey

B&G Foods Inc B&G Foods Inc (NYSE:BGS) had an increase of 6.35% in short interest. BGS’s SI was 16.01M shares in March as released by FINRA. Its up 6.35% from 15.06M shares previously. With 761,600 avg volume, 21 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 24.6%. The stock decreased 2.50% or $0.675 during the last trading session, reaching $26.275. About 202,559 shares traded. B&G Foods, Inc. (NYSE:BGS) has declined 7.13% since March 20, 2017 and is downtrending. It has underperformed by 23.83% the S&P500.

Dt Investment Partners Llc decreased Best Buy Inc (BBY) stake by 87.63% reported in 2017Q3 SEC filing. Dt Investment Partners Llc sold 31,870 shares as Best Buy Inc (BBY)’s stock rose 13.46%. The Dt Investment Partners Llc holds 4,498 shares with $256,000 value, down from 36,368 last quarter. Best Buy Inc now has $20.35B valuation. The stock increased 1.59% or $1.09 during the last trading session, reaching $69.62. About 847,074 shares traded. Best Buy Co., Inc. (NYSE:BBY) has risen 62.80% since March 20, 2017 and is uptrending. It has outperformed by 46.10% the S&P500.

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 $1.75 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 8.06 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.

Among 12 analysts covering B&G Foods (NYSE:BGS), 5 have Buy rating, 2 Sell and 5 Hold. Therefore 42% are positive. B&G Foods had 42 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Buckingham Research on Wednesday, February 28 with “Buy”. The rating was upgraded by Buckingham Research to “Buy” on Wednesday, August 23. BMO Capital Markets maintained it with “Hold” rating and $3900 target in Friday, August 4 report. The stock has “Neutral” rating by Buckingham Research on Monday, October 19. The stock of B&G Foods, Inc. (NYSE:BGS) has “Buy” rating given on Friday, September 29 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, November 1 by RBC Capital Markets. The rating was downgraded by Zacks to “Hold” on Friday, August 21. BMO Capital Markets upgraded the stock to “Outperform” rating in Monday, August 7 report. The rating was downgraded by Credit Suisse on Monday, May 29 to “Hold”. As per Friday, April 21, the company rating was maintained by RBC Capital Markets.

Analysts await Best Buy Co., Inc. (NYSE:BBY) to report earnings on May, 24. They expect $0.74 earnings per share, up 23.33% or $0.14 from last year’s $0.6 per share. BBY’s profit will be $216.32M for 23.52 P/E if the $0.74 EPS becomes a reality. After $2.42 actual earnings per share reported by Best Buy Co., Inc. for the previous quarter, Wall Street now forecasts -69.42% negative EPS growth.

Dt Investment Partners Llc increased Spdr Series Trust (JNK) stake by 106,869 shares to 739,626 valued at $27.60 million in 2017Q3. It also upped Verizon Communications Inc (NYSE:VZ) stake by 28,160 shares and now owns 66,024 shares. Abbvie Inc (NYSE:ABBV) was raised too.

Investors sentiment increased to 0.86 in Q3 2017. Its up 0.10, from 0.76 in 2017Q2. It is positive, as 60 investors sold BBY shares while 189 reduced holdings. 54 funds opened positions while 136 raised stakes. 246.28 million shares or 2.83% less from 253.45 million shares in 2017Q2 were reported. Parkwood Llc holds 0.08% or 9,521 shares in its portfolio. Nbt Retail Bank N A reported 0.17% in Best Buy Co., Inc. (NYSE:BBY). Rampart Investment Mngmt Ltd has invested 0.06% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). Parsons Cap Management Ri holds 0.03% of its portfolio in Best Buy Co., Inc. (NYSE:BBY) for 4,043 shares. Federated Invsts Inc Pa has invested 0.02% in Best Buy Co., Inc. (NYSE:BBY). Eqis Cap Mgmt stated it has 5,771 shares or 0.02% of all its holdings. Robeco Institutional Asset Mngmt Bv accumulated 1.23M shares or 0.43% of the stock. Mackenzie Fin Corp owns 357,586 shares or 0.11% of their US portfolio. Foster Motley has 5,825 shares. 3.72M were accumulated by Northern Trust. Pillar Pacific Capital Mngmt Lc stated it has 0.04% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). American Interest Gru has invested 2.18% in Best Buy Co., Inc. (NYSE:BBY). Fmr Ltd reported 26.29 million shares. Voya Inv Mngmt Ltd reported 0.05% stake. 396,950 are owned by Mount Lucas Mgmt Lp.

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