B&G Foods (BGS) Stock Rating Upgraded by ValuEngine
B&G Foods (NYSE:BGS) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.
BGS has been the subject of several other reports. Royal Bank of Canada reiterated a “buy” rating and issued a $39.00 target price on shares of B&G Foods in a report on Friday, August 3rd. Zacks Investment Research cut B&G Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.13.
Shares of BGS stock traded up $0.63 during mid-day trading on Friday, hitting $27.33. The stock had a trading volume of 579,800 shares, compared to its average volume of 998,687. B&G Foods has a 12-month low of $22.00 and a 12-month high of $39.75. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 12.89 and a beta of 0.47. The company has a current ratio of 3.73, a quick ratio of 1.31 and a debt-to-equity ratio of 2.51.
Several hedge funds and other institutional investors have recently modified their holdings of BGS. Northern Trust Corp lifted its stake in shares of B&G Foods by 0.4% during the 1st quarter. Northern Trust Corp now owns 839,393 shares of the company’s stock worth $19,893,000 after purchasing an additional 3,486 shares during the last quarter. New York State Common Retirement Fund increased its position in B&G Foods by 12.3% during the 1st quarter. New York State Common Retirement Fund now owns 86,611 shares of the company’s stock valued at $2,053,000 after buying an additional 9,510 shares in the last quarter. Sei Investments Co. increased its position in B&G Foods by 100.5% during the 1st quarter. Sei Investments Co. now owns 9,250 shares of the company’s stock valued at $219,000 after buying an additional 4,637 shares in the last quarter. Profund Advisors LLC increased its position in B&G Foods by 19.3% during the 1st quarter. Profund Advisors LLC now owns 12,988 shares of the company’s stock valued at $308,000 after buying an additional 2,103 shares in the last quarter. Finally, A.R.T. Advisors LLC increased its position in B&G Foods by 38.4% during the 1st quarter. A.R.T. Advisors LLC now owns 26,430 shares of the company’s stock valued at $626,000 after buying an additional 7,330 shares in the last quarter. Hedge funds and other institutional investors own 99.09% of the company’s stock.
B&G Foods Company Profile
B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods in 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 vinegars, maple syrups, 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, cookies and crackers, nut clusters, and other specialty products.
Read More: Conference Calls and Individual Investors
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.