B&G Foods, Inc. (NYSE:BGS) – Stock analysts at William Blair upped their Q4 2017 earnings per share (EPS) estimates for B&G Foods in a report issued on Monday. William Blair analyst J. Andersen now expects that the company will earn $0.68 per share for the quarter, up from their previous forecast of $0.66.

BGS has been the subject of a number of other research reports. BidaskClub cut shares of B&G Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research lowered shares of B&G Foods from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Buckingham Research raised shares of B&G Foods from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday, August 23rd. Barclays PLC lowered their target price on shares of B&G Foods from $46.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, August 8th. Finally, BMO Capital Markets raised shares of B&G Foods from a “market perform” rating to an “outperform” rating in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. B&G Foods has an average rating of “Hold” and an average price target of $41.50.

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B&G Foods (NYSE:BGS) opened at 32.60 on Wednesday. B&G Foods has a one year low of $29.50 and a one year high of $49.15. The company has a 50-day moving average price of $31.32 and a 200-day moving average price of $36.54. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 21.39 and a beta of 0.11.

B&G Foods (NYSE:BGS) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). The company had revenue of $368.10 million for the quarter, compared to analyst estimates of $376.45 million. B&G Foods had a return on equity of 15.43% and a net margin of 6.64%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend is Thursday, September 28th. B&G Foods’s dividend payout ratio (DPR) is presently 122.37%.

Several institutional investors have recently modified their holdings of BGS. Acrospire Investment Management LLC lifted its stake in B&G Foods by 934.9% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,877 shares of the company’s stock valued at $102,000 after purchasing an additional 2,599 shares during the last quarter. Riverhead Capital Management LLC raised its stake in shares of B&G Foods by 61.2% during the second quarter. Riverhead Capital Management LLC now owns 3,062 shares of the company’s stock valued at $109,000 after acquiring an additional 1,162 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of B&G Foods by 19.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,958 shares of the company’s stock valued at $141,000 after acquiring an additional 648 shares during the last quarter. Bank of Montreal Can raised its stake in shares of B&G Foods by 4.4% during the second quarter. Bank of Montreal Can now owns 5,000 shares of the company’s stock valued at $178,000 after acquiring an additional 211 shares during the last quarter. Finally, North Star Investment Management Corp. raised its stake in shares of B&G Foods by 97.5% during the second quarter. North Star Investment Management Corp. now owns 5,765 shares of the company’s stock valued at $205,000 after acquiring an additional 2,846 shares during the last quarter. 90.41% of the stock is owned by institutional investors.

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.

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

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