Research analysts at Jefferies Financial Group initiated coverage on shares of B&G Foods (NYSE:BGS) in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm set a “hold” rating and a $15.00 price target on the stock. Jefferies Financial Group’s price target points to a potential downside of 7.92% from the company’s current price.

Other equities analysts have also issued reports about the stock. BMO Capital Markets dropped their price objective on shares of B&G Foods to $20.00 and set a “market perform” rating on the stock in a research report on Friday, November 1st. ValuEngine upgraded shares of B&G Foods from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Barclays restated a “hold” rating and issued a $16.00 price target on shares of B&G Foods in a research note on Sunday, November 3rd. Piper Jaffray Companies set a $17.00 price target on shares of B&G Foods and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Buckingham Research set a $17.00 price target on shares of B&G Foods and gave the company a “hold” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.50.

BGS stock traded down $0.05 during midday trading on Wednesday, reaching $16.29. The company had a trading volume of 9,985 shares, compared to its average volume of 1,327,596. B&G Foods has a 1 year low of $14.20 and a 1 year high of $27.83. The company has a current ratio of 3.47, a quick ratio of 1.65 and a debt-to-equity ratio of 2.57. The company has a market capitalization of $1.04 billion, a P/E ratio of 5.99 and a beta of 0.48. The company has a 50 day moving average of $17.07 and a two-hundred day moving average of $17.77.

B&G Foods (NYSE:BGS) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.03). B&G Foods had a return on equity of 12.70% and a net margin of 10.80%. The business had revenue of $406.30 million for the quarter, compared to the consensus estimate of $405.65 million. During the same period last year, the firm earned $0.57 earnings per share. The company’s quarterly revenue was down 3.9% on a year-over-year basis. On average, sell-side analysts anticipate that B&G Foods will post 1.75 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of BGS. 6 Meridian increased its stake in shares of B&G Foods by 13.2% in the 4th quarter. 6 Meridian now owns 58,742 shares of the company’s stock valued at $1,053,000 after acquiring an additional 6,827 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in shares of B&G Foods by 6.4% during the third quarter. Kornitzer Capital Management Inc. KS now owns 601,425 shares of the company’s stock valued at $11,373,000 after purchasing an additional 36,405 shares during the period. First Trust Advisors LP boosted its stake in shares of B&G Foods by 30.2% during the third quarter. First Trust Advisors LP now owns 115,944 shares of the company’s stock valued at $2,193,000 after purchasing an additional 26,866 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of B&G Foods by 61.2% during the third quarter. State of Alaska Department of Revenue now owns 50,225 shares of the company’s stock valued at $949,000 after purchasing an additional 19,064 shares during the period. Finally, AMG National Trust Bank boosted its stake in shares of B&G Foods by 4.6% during the third quarter. AMG National Trust Bank now owns 28,070 shares of the company’s stock valued at $531,000 after purchasing an additional 1,241 shares during the period. Institutional investors own 92.46% of the company’s stock.

About B&G Foods

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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