B&G Foods, Inc. (NYSE:BGS) dropped 5.2% on Friday . The company traded as low as $32.45 and last traded at $34.00. Approximately 886,134 shares traded hands during trading, a decline of 26% from the average daily volume of 1,205,624 shares. The stock had previously closed at $35.85.

BGS has been the subject of a number of research reports. Royal Bank Of Canada reiterated a “buy” rating and set a $52.00 target price on shares of B&G Foods in a research note on Tuesday, July 18th. Citigroup Inc. upgraded shares of B&G Foods from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Thursday, July 20th. Buckingham Research upgraded 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 research note on Wednesday, August 23rd. Zacks Investment Research upgraded shares of B&G Foods from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Tuesday, October 17th. Finally, Barclays PLC decreased 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 research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $40.61.

The company has a debt-to-equity ratio of 2.34, a current ratio of 3.24 and a quick ratio of 1.24. The firm has a market cap of $2,236.74, a P/E ratio of 18.38 and a beta of 0.11.

B&G Foods (NYSE:BGS) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.47 by $0.08. The firm had revenue of $408.40 million during the quarter, compared to analyst estimates of $391.31 million. B&G Foods had a return on equity of 15.50% and a net margin of 6.29%. B&G Foods’s revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 EPS. equities research analysts predict that B&G Foods, Inc. will post 2.12 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Friday, December 29th will be paid a $0.465 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.86 annualized dividend and a dividend yield of 5.54%. B&G Foods’s dividend payout ratio (DPR) is 123.18%.

Large investors have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its stake in shares of B&G Foods by 934.9% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,877 shares of the company’s stock worth $102,000 after purchasing an additional 2,599 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of B&G Foods by 61.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,062 shares of the company’s stock worth $109,000 after purchasing an additional 1,162 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of B&G Foods by 19.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,958 shares of the company’s stock worth $141,000 after purchasing an additional 648 shares in the last quarter. Bank of Montreal Can increased its stake in shares of B&G Foods by 4.4% in the 2nd quarter. Bank of Montreal Can now owns 5,000 shares of the company’s stock worth $178,000 after purchasing an additional 211 shares in the last quarter. Finally, North Star Investment Management Corp. increased its stake in shares of B&G Foods by 97.5% in the 2nd quarter. North Star Investment Management Corp. now owns 5,765 shares of the company’s stock worth $205,000 after purchasing an additional 2,846 shares in the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

WARNING: “B&G Foods, Inc. (BGS) Shares Down 5.2%” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/bg-foods-inc-bgs-shares-down-5-2/1680335.html.

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.

Receive News & Ratings for B&G Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B&G Foods Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.