Stock analysts at Evercore ISI assumed coverage on shares of B&G Foods (NYSE:BGS) in a note issued to investors on Tuesday, MarketBeat reports. The firm set an “in-line” rating and a $25.00 price target on the stock. Evercore ISI’s price target would suggest a potential upside of 9.79% from the company’s current price.

BGS has been the subject of a number of other reports. Buckingham Research downgraded B&G Foods from a “buy” rating to a “neutral” rating and decreased their target price for the company from $36.00 to $23.00 in a research note on Wednesday, February 27th. Zacks Investment Research upgraded B&G Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. ValuEngine upgraded B&G Foods from a “sell” rating to a “hold” rating in a research note on Thursday, March 7th. BMO Capital Markets decreased their target price on B&G Foods from $33.00 to $28.00 and set a “market perform” rating for the company in a research note on Thursday, February 28th. Finally, Piper Jaffray Companies set a $26.00 target price on B&G Foods and gave the company a “hold” rating in a research note on Friday, March 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. B&G Foods currently has a consensus rating of “Hold” and an average target price of $28.35.

Shares of BGS stock opened at $22.77 on Tuesday. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.15 and a quick ratio of 0.74. B&G Foods has a 52 week low of $21.10 and a 52 week high of $33.50. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 12.31 and a beta of 0.57.

B&G Foods (NYSE:BGS) last issued its earnings results on Thursday, May 2nd. The company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.05). B&G Foods had a net margin of 10.03% and a return on equity of 13.26%. The company had revenue of $412.70 million during the quarter, compared to analyst estimates of $406.04 million. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The business’s revenue was down 4.4% on a year-over-year basis. On average, analysts predict that B&G Foods will post 1.8 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of B&G Foods by 0.8% during the first quarter. BlackRock Inc. now owns 9,630,743 shares of the company’s stock worth $235,182,000 after buying an additional 79,306 shares during the period. Champlain Investment Partners LLC boosted its position in shares of B&G Foods by 3.5% during the first quarter. Champlain Investment Partners LLC now owns 2,894,480 shares of the company’s stock worth $70,683,000 after buying an additional 98,665 shares during the period. Epoch Investment Partners Inc. boosted its position in shares of B&G Foods by 2.3% during the fourth quarter. Epoch Investment Partners Inc. now owns 1,365,555 shares of the company’s stock worth $39,478,000 after buying an additional 30,937 shares during the period. Northern Trust Corp boosted its position in shares of B&G Foods by 0.3% during the first quarter. Northern Trust Corp now owns 854,414 shares of the company’s stock worth $20,865,000 after buying an additional 2,872 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of B&G Foods by 1.5% during the first quarter. Advisors Asset Management Inc. now owns 834,357 shares of the company’s stock worth $20,375,000 after buying an additional 12,036 shares during the period. Institutional investors and hedge funds own 96.56% 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, oatmeal and 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.

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

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