B&G Foods Inc. (NYSE:BGS) – Equities researchers at William Blair upped their FY2016 earnings per share estimates for B&G Foods in a report released on Tuesday. William Blair analyst J. Andersen now forecasts that the firm will post earnings of $2.19 per share for the year, up from their previous estimate of $2.17. William Blair also issued estimates for B&G Foods’ FY2017 earnings at $2.40 EPS.

Other equities research analysts also recently issued research reports about the company. DA Davidson downgraded B&G Foods from a “buy” rating to a “neutral” rating and set a $52.00 price target for the company. in a report on Tuesday, August 9th. Zacks Investment Research cut B&G Foods from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 11th. RBC Capital Markets restated an “outperform” rating and issued a $52.00 price objective (up from $49.00) on shares of B&G Foods in a research note on Sunday, July 31st. Credit Suisse Group AG restated a “hold” rating and issued a $45.00 price objective on shares of B&G Foods in a research note on Thursday, July 28th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $49.00 price objective (down from $52.00) on shares of B&G Foods in a research note on Friday, July 29th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. B&G Foods currently has an average rating of “Hold” and an average price target of $50.71.

Earnings History and Estimates for B&G Foods (NYSE:BGS)

B&G Foods (NYSE:BGS) opened at 42.75 on Thursday. The company has a market capitalization of $2.84 billion and a P/E ratio of 24.46. The company’s 50 day moving average price is $44.62 and its 200-day moving average price is $46.24. B&G Foods has a 52 week low of $31.81 and a 52 week high of $52.84.

B&G Foods (NYSE:BGS) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.05. The company earned $318.20 million during the quarter, compared to the consensus estimate of $335.52 million. B&G Foods had a return on equity of 21.79% and a net margin of 8.09%. The firm’s revenue was up 49.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Friday, December 30th will be given a dividend of $0.465 per share. This is a boost from B&G Foods’s previous quarterly dividend of $0.42. This represents a $1.86 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Wednesday, December 28th. B&G Foods’s dividend payout ratio (DPR) is currently 97.11%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. LS Investment Advisors LLC boosted its position in shares of B&G Foods by 1.9% in the second quarter. LS Investment Advisors LLC now owns 2,212 shares of the company’s stock valued at $107,000 after buying an additional 42 shares in the last quarter. Todd Asset Management LLC acquired a new stake in B&G Foods during the third quarter worth approximately $202,000. IMS Capital Management acquired a new stake in B&G Foods during the second quarter worth approximately $207,000. Scotia Capital Inc. acquired a new stake in B&G Foods during the second quarter worth approximately $207,000. Finally, Tower Research Capital LLC TRC boosted its stake in B&G Foods by 4,234.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,334 shares of the company’s stock worth $209,000 after buying an additional 4,234 shares during the period. Institutional investors own 78.45% of the company’s stock.

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About B&G Foods

B&G Foods, Inc is a holding company. The Company manufactures, sells and distributes a diverse portfolio of shelf-stable and frozen food, and household products 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.

5 Day Chart for NYSE:BGS

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