B&G Foods (NYSE:BGS)‘s stock had its “outperform” rating reiterated by research analysts at BMO Capital Markets in a report issued on Thursday. They presently have a $37.00 target price on the stock, down from their previous target price of $39.00. BMO Capital Markets’ price target would suggest a potential upside of 25.42% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Buckingham Research dropped their price objective on shares of B&G Foods from $40.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday. Zacks Investment Research raised shares of B&G Foods from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Berenberg Bank lowered shares of B&G Foods from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a report on Thursday. Finally, Stephens raised shares of B&G Foods from an “equal weight” rating to an “overweight” rating and set a $39.00 price objective for the company in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $39.11.

Shares of B&G Foods (BGS) opened at $29.50 on Thursday. The company has a current ratio of 3.24, a quick ratio of 1.06 and a debt-to-equity ratio of 2.34. B&G Foods has a 1-year low of $27.05 and a 1-year high of $43.10. The stock has a market cap of $1,960.00, a price-to-earnings ratio of 23.05 and a beta of 0.19.

B&G Foods (NYSE:BGS) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. B&G Foods had a net margin of 13.04% and a return on equity of 17.78%. The firm had revenue of $473.70 million during the quarter, compared to analyst estimates of $482.51 million. During the same quarter in the prior year, the firm posted $0.29 earnings per share. B&G Foods’s quarterly revenue was up 14.5% on a year-over-year basis. equities research analysts forecast that B&G Foods will post 2.15 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB acquired a new position in B&G Foods in the fourth quarter valued at about $225,000. Yorkville Capital Management LLC acquired a new position in B&G Foods in the fourth quarter valued at about $228,000. Csenge Advisory Group acquired a new position in B&G Foods in the fourth quarter valued at about $211,000. MetLife Investment Advisors LLC acquired a new position in B&G Foods in the fourth quarter valued at about $1,112,000. Finally, Eii Capital Management Inc. lifted its position in B&G Foods by 12.6% in the fourth quarter. Eii Capital Management Inc. now owns 67,195 shares of the company’s stock valued at $2,362,000 after buying an additional 7,500 shares during the last quarter. 97.55% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for B&G Foods (NYSE:BGS)

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