B&G Foods, Inc. (NYSE:BGS) – Analysts at William Blair decreased their FY2017 EPS estimates for shares of B&G Foods in a research note issued to investors on Wednesday. William Blair analyst J. Andersen now anticipates that the company will post earnings per share of $2.16 for the year, down from their prior forecast of $2.17. William Blair also issued estimates for B&G Foods’ Q4 2017 earnings at $0.62 EPS and FY2018 earnings at $2.26 EPS.

B&G Foods (NYSE:BGS) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.08. B&G Foods had a net margin of 6.29% and a return on equity of 15.50%. The firm had revenue of $408.40 million for the quarter, compared to analyst estimates of $391.31 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year.

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Several other research firms have also commented on BGS. Stephens raised shares of B&G Foods from an “equal weight” rating to an “overweight” rating and set a $39.00 target price on the stock in a report on Wednesday, November 1st. Barclays PLC reduced their target price on shares of B&G Foods from $46.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 8th. Zacks Investment Research raised shares of B&G Foods from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Tuesday, October 17th. Credit Suisse Group set a $36.00 target price on shares of B&G Foods and gave the company a “hold” rating in a report on Saturday, August 5th. Finally, BidaskClub raised shares of B&G Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.61.

B&G Foods (NYSE:BGS) opened at $33.60 on Monday. The company has a current ratio of 3.24, a quick ratio of 1.06 and a debt-to-equity ratio of 2.34. B&G Foods has a twelve month low of $29.50 and a twelve month high of $47.75. The company has a market cap of $2,236.75, a price-to-earnings ratio of 18.38 and a beta of 0.11.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be given a dividend of $0.465 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.86 annualized dividend and a yield of 5.54%. B&G Foods’s payout ratio is currently 123.18%.

A number of institutional investors and hedge funds have recently made changes to their positions in BGS. Teachers Advisors LLC boosted its position in B&G Foods by 3.9% during the 1st quarter. Teachers Advisors LLC now owns 112,951 shares of the company’s stock valued at $4,546,000 after buying an additional 4,204 shares during the period. Vanguard Group Inc. boosted its position in B&G Foods by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 6,133,609 shares of the company’s stock valued at $246,879,000 after buying an additional 231,982 shares during the period. Geode Capital Management LLC boosted its position in B&G Foods by 8.7% during the 1st quarter. Geode Capital Management LLC now owns 514,807 shares of the company’s stock valued at $20,720,000 after buying an additional 41,292 shares during the period. New York State Teachers Retirement System boosted its position in B&G Foods by 0.8% during the 1st quarter. New York State Teachers Retirement System now owns 73,884 shares of the company’s stock valued at $2,974,000 after buying an additional 600 shares during the period. Finally, KCG Holdings Inc. boosted its position in B&G Foods by 54.2% during the 1st quarter. KCG Holdings Inc. now owns 7,454 shares of the company’s stock valued at $300,000 after buying an additional 2,620 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

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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