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3 Stocks Pushing The Food & Beverage Industry Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Food & Beverage industry as a whole closed the day down 0.8% versus the S&P 500, which was down 0.9%. Laggards within the Food & Beverage industry included BRASILAGRO - CIA Bras de Prop Agricolas ( LND), down 2.0%, SkyPeople Fruit Juice ( SPU), down 3.8%, Willamette Valley Vineyards ( WVVI), down 3.8%, Agria ( GRO), down 5.1% and Aoxin Tianli Group ( ABAC), down 8.5%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

B&G Foods ( BGS) is one of the companies that pushed the Food & Beverage industry lower today. B&G Foods was down $0.79 (2.7%) to $28.01 on light volume. Throughout the day, 234,163 shares of B&G Foods exchanged hands as compared to its average daily volume of 344,000 shares. The stock ranged in price between $27.93-$28.72 after having opened the day at $28.70 as compared to the previous trading day's close of $28.80.

B&G Foods, Inc. manufactures, sells, and distributes shelf-stable food and household products in the United States, Canada, and Puerto Rico. B&G Foods has a market cap of $1.5 billion and is part of the consumer goods sector. Shares are down 15.1% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates B&G Foods a buy, no analysts rate it a sell, and 2 rate it a hold.

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TheStreet Ratings rates B&G Foods as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from TheStreet Ratings analysis on BGS go as follows:

  • The revenue growth came in higher than the industry average of 4.1%. Since the same quarter one year prior, revenues rose by 26.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Food Products industry. The net income increased by 1226.2% when compared to the same quarter one year prior, rising from -$1.43 million to $16.14 million.
  • Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Food Products industry and the overall market on the basis of return on equity, B&G FOODS INC has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.
  • B&G FOODS INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, B&G FOODS INC reported lower earnings of $0.98 versus $1.21 in the prior year. This year, the market expects an improvement in earnings ($1.57 versus $0.98).
  • BGS has underperformed the S&P 500 Index, declining 19.44% from its price level of one year ago. Despite the decline in its share price over the last year, this stock is still more expensive (when compared to its current earnings) than most other companies in its industry. We feel, however, that other strengths this company displays compensate for this.

You can view the full analysis from the report here: B&G Foods Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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