B&G Foods (BGS) Receiving Somewhat Positive Press Coverage, Study Finds
News headlines about B&G Foods (NYSE:BGS) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. B&G Foods earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.7754505627183 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern’s analysis:
- New Strong Sell Stocks for September 14th – Nasdaq (nasdaq.com)
- Technical Watch – B&G Foods, Inc. (BGS) moves -38.20% off from One Year High – Voice Of Analysts (analystsbuzz.com)
- B&G Foods, Inc. (BGS) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- B&G Foods (BGS) & The Competition Head-To-Head Comparison (americanbankingnews.com)
BGS has been the subject of a number of research analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $52.00 target price on shares of B&G Foods in a research note on Tuesday, July 18th. Zacks Investment Research upgraded B&G Foods from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Friday, May 26th. Citigroup Inc. upgraded B&G Foods from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Thursday, July 20th. Buckingham Research upgraded B&G Foods from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Wednesday, August 23rd. Finally, Barclays PLC reduced their target price on B&G Foods from $46.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. B&G Foods has a consensus rating of “Hold” and a consensus target price of $42.61.
B&G Foods (NYSE:BGS) opened at 31.40 on Friday. B&G Foods has a 1-year low of $30.25 and a 1-year high of $50.81. The firm’s 50 day moving average price is $32.11 and its 200-day moving average price is $37.56. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 20.60 and a beta of 0.11.
B&G Foods (NYSE:BGS) last announced its earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). B&G Foods had a return on equity of 15.43% and a net margin of 6.64%. The business had revenue of $368.10 million for the quarter, compared to analyst estimates of $376.45 million. During the same quarter last year, the company posted $0.57 EPS. B&G Foods’s quarterly revenue was up 20.1% on a year-over-year basis. On average, equities analysts anticipate that B&G Foods will post $2.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.465 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.86 annualized dividend and a dividend yield of 5.92%. B&G Foods’s dividend payout ratio (DPR) is 122.37%.
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About B&G Foods
B&G Foods, Inc (B&G Foods) is a holding company. The Company manufactures, sells and distributes a portfolio of shelf-stable and frozen foods 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.
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