Boulder Brands (NASDAQ:BDBD) provides health and wellness food solutions in the United States and Canada.
Insider buying during the last 30 days
Here is a table of Boulder Brands' insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Thomas McInerney||Director||May 16||3,000||62,250 shares||+5.1%|
|Benjamin Chereskin||Director||May 13-14||75,000||85,000 shares||+750%|
|Terrence McIntyre||EVP||May 12||1,400||6,676 shares||+26.5%|
There have been 79,400 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Boulder Brands' insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 114,646 shares purchased and there have been 562,586 shares sold by insiders since January 2013. The month of May 2014 has seen the most insider buying.
Boulder Brands reported the first-quarter financial results on May 8 with the following highlights:
|Net income||$0.5 million|
The three insiders purchased their shares after these results.
Boulder Brands' 2014 guidance is as follows:
|Net sales||$540-$550 million|
|Organic sales growth||13%-18%|
|Adjusted EBITDA||$89-$91 million|
(Source: Investor presentation)
|Qtrly Rev Growth (yoy):||0.15||0.14|
|PEG (5 yr expected):||1.46||2.18|
Boulder Brands has a lower PEG ratio than ConAgra Foods. In ConAgra Foods, there have been 3,300 shares purchased and there have been 288,000 shares sold by insiders this year. Only Boulder Brands has seen intensive insider buying during the last 30 days.
There have been three different insiders buying Boulder Brands, and there have not been any insiders selling Boulder Brands during the last 30 days. Two of these three insiders increased their holdings by more than 10%. Boulder Brands has an insider ownership of 5.00%.
The three insiders purchased their shares at prices ranging from $13.04 to $13.37. I believe Boulder Brands could be a good pick below $13.37 based on the intensive insider buying
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in BDBD over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.