1 day Ago By ABMN Staff
B&G Foods, Inc. ( NYSE:BGS – Get Free Report ) has received an average rating of “Reduce” from the five research firms that are presently covering the company, MarketBeat.com reports.
One equities research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $8.30.
BGS has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of B&G Foods from a “sell” rating to a “hold” rating in a report on Thursday, September 26th.
Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 target price on shares of B&G Foods in a report on Wednesday, August 7th. Evercore ISI decreased their price target on B&G Foods from $10.
00 to $9.00 and set an “in-line” rating for the company in a research note on Wednesday, November 6th. TD Cowen dropped their price objective on B&G Foods from $8.
00 to $7.50 and set a “sell” rating on the stock in a research report on Wednesday, November 6th. Finally, Barclays decreased their target price on B&G Foods from $8.
00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Check Out Our Latest Report on BGS Insiders Place Their Bets Institutional Trading of B&G Foods A number of hedge funds and other institutional investors have recently modified their holdings of the company.
BNP Paribas Financial Markets boosted its holdings in B&G Foods by 97.9% in the 1st quarter. BNP Paribas Financial Markets now owns 38,965 shares of the company’s stock worth $446,000 after buying an additional 19,277 shares during the period.
Texas Permanent School Fund Corp boosted its stake in shares of B&G Foods by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 68,433 shares of the company’s stock worth $783,000 after acquiring an additional 960 shares during the period.
SG Americas Securities LLC raised its stake in B&G Foods by 36.7% during the 1st quarter. SG Americas Securities LLC now owns 17,231 shares of the company’s stock valued at $197,000 after purchasing an additional 4,623 shares during the period.
Illinois Municipal Retirement Fund lifted its holdings in B&G Foods by 16.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 46,226 shares of the company’s stock worth $529,000 after purchasing an additional 6,377 shares in the last quarter.
Finally, Swiss National Bank boosted its stake in B&G Foods by 8.9% in the 1st quarter. Swiss National Bank now owns 155,200 shares of the company’s stock worth $1,775,000 after purchasing an additional 12,700 shares during the period.
66.15% of the stock is owned by hedge funds and other institutional investors. B&G Foods Stock Up 1.
8 % Shares of NYSE:BGS opened at $6.37 on Friday. The company has a current ratio of 1.
64, a quick ratio of 0.49 and a debt-to-equity ratio of 2.40.
The stock has a fifty day simple moving average of $8.21 and a two-hundred day simple moving average of $8.50.
B&G Foods has a 12-month low of $6.14 and a 12-month high of $11.97.
The stock has a market capitalization of $503.85 million, a price-to-earnings ratio of -18.72 and a beta of 0.
61. B&G Foods ( NYSE:BGS – Get Free Report ) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.
13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.07).
B&G Foods had a positive return on equity of 6.97% and a negative net margin of 1.34%.
The company had revenue of $461.10 million during the quarter, compared to analysts’ expectations of $473.82 million.
During the same period in the prior year, the firm earned $0.27 EPS. B&G Foods’s revenue for the quarter was down 8.
3% compared to the same quarter last year. On average, research analysts anticipate that B&G Foods will post 0.73 earnings per share for the current fiscal year.
B&G Foods Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.19 per share.
The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 11.
94%. B&G Foods’s dividend payout ratio is currently -223.52%.
About B&G Foods ( Get Free Report B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, crackers, baking powder and soda, corn starch, nut clusters, and other specialty products. Read More Receive News & Ratings for B&G Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B&G Foods and related companies with MarketBeat.
com's FREE daily email newsletter ..
