B&G Foods, Inc. (NYSE:BGS) – William Blair lifted their Q4 2017 EPS estimates for shares of B&G Foods in a research note issued on Monday. William Blair analyst J. Andersen now forecasts that the company will post earnings of $0.68 per share for the quarter, up from their prior estimate of $0.66.

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

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A number of other research firms also recently weighed in on BGS. Barclays PLC dropped their price target on B&G Foods from $46.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 8th. Zacks Investment Research cut B&G Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Credit Suisse Group AG set a $36.00 price target on B&G Foods and gave the stock a “hold” rating in a research report on Saturday, August 5th. BidaskClub raised B&G Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, BMO Capital Markets lowered their price objective on B&G Foods from $45.00 to $39.00 and set a “market perform” rating on the stock in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.50.

B&G Foods (NYSE BGS) traded down 0.353% on Wednesday, reaching $32.435. The company’s stock had a trading volume of 77,385 shares. The company has a 50-day moving average price of $31.35 and a 200 day moving average price of $36.52. B&G Foods has a 12 month low of $29.50 and a 12 month high of $49.15. The company has a market cap of $2.16 billion, a P/E ratio of 21.283 and a beta of 0.11.

Large investors have recently bought and sold shares of the company. Acrospire Investment Management LLC increased 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 worth $102,000 after buying an additional 2,599 shares in the last quarter. Riverhead Capital Management LLC increased its stake in 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 buying an additional 1,162 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in 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 buying an additional 648 shares in the last quarter. Bank of Montreal Can increased its stake in 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 buying an additional 211 shares in the last quarter. Finally, North Star Investment Management Corp. increased its stake in 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 buying an additional 2,846 shares in the last quarter. Hedge funds and other institutional investors own 90.41% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.465 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.86 dividend on an annualized basis and a yield of 5.71%. B&G Foods’s dividend payout ratio is presently 122.37%.

B&G Foods Company Profile

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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