Traders bought shares of B&G Foods Inc. (NYSE:BGS) on weakness during trading on Tuesday. $54.82 million flowed into the stock on the tick-up and $37.37 million flowed out of the stock on the tick-down, for a money net flow of $17.45 million into the stock. Of all companies tracked, B&G Foods had the 20th highest net in-flow for the day. B&G Foods traded down ($2.22) for the day and closed at $48.87

Several equities analysts have weighed in on BGS shares. DA Davidson upgraded B&G Foods from a “neutral” rating to a “buy” rating and raised their price objective for the company from $36.00 to $40.00 in a research note on Friday, April 29th. Buckingham Research upgraded B&G Foods from a “neutral” rating to a “buy” rating in a research note on Friday, April 29th. Royal Bank Of Canada raised their price objective on B&G Foods from $43.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, April 29th. Credit Suisse Group AG restated a “hold” rating and set a $38.00 price objective on shares of B&G Foods in a research note on Friday, April 29th. Finally, Zacks Investment Research upgraded B&G Foods from a “sell” rating to a “hold” rating and set a $48.00 price objective on the stock in a research note on Tuesday, May 3rd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $45.33.

The firm has a market capitalization of $3.06 billion and a PE ratio of 30.81. The stock’s 50 day moving average is $47.93 and its 200 day moving average is $40.44.

B&G Foods (NYSE:BGS) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.11. The firm earned $306.40 million during the quarter, compared to analysts’ expectations of $316.56 million. B&G Foods’s revenue for the quarter was up 58.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 earnings per share. On average, equities research analysts predict that B&G Foods Inc. will post $2.21 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.68 annualized dividend and a yield of 3.44%.

In related news, EVP Scott E. Lerner sold 13,000 shares of the company’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $42.79, for a total value of $556,270.00. Following the sale, the executive vice president now directly owns 51,867 shares of the company’s stock, valued at $2,219,388.93. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

A number of large investors have recently modified their holdings of the company. Diamond Hill Capital Management Inc. boosted its stake in shares of B&G Foods by 4.3% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,892,215 shares of the company’s stock valued at $66,265,000 after buying an additional 77,970 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of B&G Foods by 10.5% in the fourth quarter. Principal Financial Group Inc. now owns 756,950 shares of the company’s stock valued at $26,508,000 after buying an additional 72,123 shares during the last quarter. Morgan Stanley boosted its stake in shares of B&G Foods by 66.6% in the fourth quarter. Morgan Stanley now owns 393,805 shares of the company’s stock valued at $13,791,000 after buying an additional 157,455 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of B&G Foods by 72.1% in the fourth quarter. Wells Fargo & Company MN now owns 307,018 shares of the company’s stock valued at $10,752,000 after buying an additional 128,578 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of B&G Foods by 36.2% in the fourth quarter. New York State Common Retirement Fund now owns 115,685 shares of the company’s stock valued at $4,051,000 after buying an additional 30,775 shares during the last quarter.

B&G Foods, Inc is a holding company. The Company manufactures, sells and distributes a diverse portfolio of shelf-stable and frozen food, and household products across the United States, Canada and Puerto Rico. Its 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-based products, puffed corn and rice snacks, nut clusters and other specialty products.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.