Buy, Sell or Hold: Bed Bath & Beyond (BBBY-Q) — Stock Predictions at Stockchase

Home Daily Stock Opinions and Ratings Bed Bath & Beyond (BBBY-Q)

NASDAQ:BBBY

3.24

0.09 (2.70%) 1d

SELL

We just had another meme stock explosion. Last week, BBBY imploded when major shareholder Ryan Cohen unloaded ALL his shares. Also last Friday, it was reported that some suppliers have holding their supplies due to unpaid shipments. They are running out of money. He is not a memester (don't hate him). The next time a meme stock roars--sell it.

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DON'T BUY

This meme stock wrecked its balance sheet by borrowing lots of money to buy back stock, then failed with its merchandising strategy. BBBY reminds him of JC Penney. Today, shares soared, but is down after hours among the meme traders. He expects the meme trade to continue--but then fall.

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It’s a Buzzing Stocks opinion which is available only for Premium members

It's the review of the most popular stocks on social media. It's posted weekly to give you another view on the trending stocks, so you will not waste your precious time on scrolling social media feeds.

TOP PICK

Bed Bath & Beyond Inc. and subsidiaries (the 'Company') is an omnichannel retailer that makes it easy for its customers to feel at home. The Company sells a wide assortment of merchandise in the Home, Baby, Beauty and Wellness markets. Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. Social media mentions are up 13% in the past 24h.

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COMMENT

Doesn't like them endlessly buying back shares, but they did have endless cash on hand as they tried to transform the business. Yet, the new CEO is trying to turn around the chain, but he continues to buyback shares while cash flow is dwindling. They report Wednesday.

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BUY

Shot up today 15%, partly due to the meme trade and partly from announcing an e-commerce deal with Kroger. Great time to buy is now. BBBY had weak management until the new CEO.

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It’s a Buzzing Stocks opinion which is available only for Premium members

TOP PICK

The stock is up nicely year to date. The company is a turnaround story. The flagship store in New York is their jewel. Their e-commerce presence is improving as well. Jim Cramer likes the play and believes there will be a multi-year run. Social media mentions have increased 40% in the past 24 hours.

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BUY

Up 62% YTD. It's a turnaround story. The flagship store in New York is a marvel. Their e-commerce is good. The CEO will take BBBY to a multi-year run.

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WEAK BUY

They report Wednesday. A meme stock. He likes it. The report could prove they're a post-Covid survivor.

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COMMENT

It's chronically misunderstood, but he stands behind it. This is a legitimate turnaround story; forget the Reddit rally it had weeks ago. It's bounced between the high-20s and low-30s, then reported a good earnings beat, 4% same-store sales growth and 6% flagship store growth, far more than the street's expectations. However, some investors didn't like their cautious guidance about shipping concerns, and shares plunged 12%. This may be a buying opportunity.

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BUY

Now, investors are throwing out the non-essential retailers, so he expects a few more days of selling. Also, BBBY went up because of the Reddit short squeeze, now fading. So, Wall Street now has to get long behind BBBY. So, if one big analyst gets behind BBBY, it could be a home run.

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COMMENT

Stock plunged 11% today on a top and bottom line miss. Same-store sales were up only 2%, vs. the street's 5% estimate. Guidance was mixed this and next quarter. This, after last year's comeback. He still believes in the CEO. Also digital sales were up 77% company wide, and December was solid. So, the report wasn't all bad.

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BUY

The CEO is doing an amazing job and is accelerating its share buyback program.

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BUY

A remarkable comeback story under a new CEO. Today they held an investor day where they offered bullish guidance, but still sold off in today's big massive slide. They're no longer burning cash and have turned the ship around.

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BUY

Allan Tong’s Discover Picks This month, BBBY stock reported its Q2 results and it blew away the street with an EPS of +50 cents vs. the estimated -23 cents. Its digital channels grew 89% as BBB’s online store and curb pick-up services added two million customers that quarter. As Covid continues into these colder months, online sales will surely continue, if not grow further. Read 3 Forgotten Undervalued Stocks: ZBRA Stock, MFC Stock and BBBY Stock for our full analysis.

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BUY

The expected stimulus package from Washington. Which companies will benefit? People will spend more on their homes. Best Buy, Home Depot, Lowe's, Costco, Target and even bed bath and Beyond. Will benefit. BBB is much hated, but he would consider it now to buy.

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Bed Bath & Beyond(BBBY-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 3

Stockchase rating for Bed Bath & Beyond is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Bed Bath & Beyond(BBBY-Q) Frequently Asked Questions

What is Bed Bath & Beyond stock symbol?

Bed Bath & Beyond is a American stock, trading under the symbol BBBY-Q on the NASDAQ (BBBY). It is usually referred to as NASDAQ:BBBY or BBBY-Q

Is Bed Bath & Beyond a buy or a sell?

In the last year, 3 stock analysts published opinions about BBBY-Q. 1 analyst recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Bed Bath & Beyond.

Is Bed Bath & Beyond a good investment or a top pick?

Bed Bath & Beyond was recommended as a Top Pick by on . Read the latest stock experts ratings for Bed Bath & Beyond.

Why is Bed Bath & Beyond stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Bed Bath & Beyond worth watching?

3 stock analysts on Stockchase covered Bed Bath & Beyond In the last year. It is a trending stock that is worth watching.

What is Bed Bath & Beyond stock price?

On 2022-11-25, Bed Bath & Beyond (BBBY-Q) stock closed at a price of $3.24.

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Bed Bath & Beyond(BBBY-Q) Rating

Bed Bath & Beyond(BBBY-Q) Frequently Asked Questions

What is Bed Bath & Beyond stock symbol?

Is Bed Bath & Beyond a buy or a sell?

Is Bed Bath & Beyond a good investment or a top pick?

Why is Bed Bath & Beyond stock dropping?

Is Bed Bath & Beyond worth watching?

What is Bed Bath & Beyond stock price?