B&G Foods, Inc. (NYSE:BGS – Get Free Report) has earned an average recommendation of “Reduce” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $8.88.
Several research firms recently weighed in on BGS. Barclays reduced their price objective on shares of B&G Foods from $10.00 to $8.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $10.00 price objective on shares of B&G Foods in a report on Wednesday, August 7th. Evercore ISI raised B&G Foods to a “hold” rating in a report on Wednesday, August 7th. Piper Sandler decreased their price target on B&G Foods from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Finally, StockNews.com raised B&G Foods from a “sell” rating to a “hold” rating in a research note on Saturday, August 17th.
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Institutional Investors Weigh In On B&G Foods
B&G Foods Stock Performance
NYSE:BGS opened at $8.47 on Friday. B&G Foods has a 12-month low of $7.20 and a 12-month high of $13.15. The firm has a market capitalization of $669.56 million, a P/E ratio of -5.88 and a beta of 0.61. The company has a debt-to-equity ratio of 2.58, a current ratio of 3.22 and a quick ratio of 0.92. The business has a 50 day simple moving average of $8.26 and a 200 day simple moving average of $9.55.
B&G Foods (NYSE:BGS – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. B&G Foods had a positive return on equity of 8.33% and a negative net margin of 5.42%. The business had revenue of $444.60 million during the quarter, compared to the consensus estimate of $435.83 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue was down 5.3% on a year-over-year basis. Equities research analysts predict that B&G Foods will post 0.77 EPS for the current year.
B&G Foods Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 8.97%. The ex-dividend date of this dividend is Monday, September 30th. B&G Foods’s dividend payout ratio is presently -52.78%.
B&G Foods Company Profile
B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, crackers, baking powder and soda, corn starch, nut clusters, and other specialty products.
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