Positive Press Coverage Somewhat Unlikely to Impact B&G Foods (BGS) Share Price
News stories about B&G Foods (NYSE:BGS) have been trending positive on Thursday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. B&G Foods earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave news headlines about the company an impact score of 44.6017181730054 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Digging Deeper into Shares of B&G Foods Inc (BGS) – FLBC News (flbcnews.com)
- B&G Foods, Inc. : Corporate News Blog – B&G Foods to Add Back to Nature Foods Co. to its Foods Family of Brands (4-traders.com)
- Unusual Activity Spotted in GoDaddy Inc (GDDY) and B&G Foods Inc (BGS) – Evergreen Caller (evergreencaller.com)
- Buckingham Upgrades Rating On B&G Foods, Inc. B&G Foods, Inc. (BGS) To “Buy” – Modern Readers (modernreaders.com)
- B&G Foods, Inc. (BGS) Lifted to Buy at Buckingham Research (americanbankingnews.com)
A number of research analysts recently weighed in on BGS shares. Zacks Investment Research upgraded shares of B&G Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 26th. BMO Capital Markets reiterated a “hold” rating and issued a $45.00 price objective on shares of B&G Foods in a research note on Friday, May 5th. Berenberg Bank started coverage on shares of B&G Foods in a research note on Tuesday, May 16th. They issued a “hold” rating and a $43.50 price objective for the company. Credit Suisse Group lowered shares of B&G Foods from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $47.00 to $42.00 in a research note on Thursday, May 18th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $52.00 price objective on shares of B&G Foods in a research note on Tuesday, May 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $42.17.
B&G Foods (NYSE BGS) opened at 32.15 on Thursday. The stock’s 50 day moving average is $34.01 and its 200-day moving average is $39.17. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 21.10 and a beta of 0.09. B&G Foods has a 52-week low of $30.80 and a 52-week high of $50.81.
B&G Foods (NYSE:BGS) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 EPS 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 for the quarter, compared to analyst estimates of $376.45 million. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The business’s revenue was up 20.1% on a year-over-year basis. Equities research analysts anticipate that B&G Foods will post $2.07 EPS for the current fiscal year.
The firm also recently disclosed 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. This represents a $1.86 annualized dividend and a yield of 5.79%. The ex-dividend date of this dividend is Thursday, September 28th. B&G Foods’s payout ratio is 122.37%.
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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.
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