B&G Foods, Inc. (NYSE:BGS) CEO Robert C. Cantwell purchased 10,000 shares of the company’s stock in a transaction on Friday, March 9th. The shares were purchased at an average cost of $26.42 per share, for a total transaction of $264,200.00. Following the completion of the transaction, the chief executive officer now directly owns 206,239 shares of the company’s stock, valued at approximately $5,448,834.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
B&G Foods, Inc. (NYSE:BGS) opened at $26.00 on Monday. The firm has a market cap of $1,728.97, a PE ratio of 12.32 and a beta of 0.19. B&G Foods, Inc. has a 1 year low of $25.95 and a 1 year high of $43.10. The company has a debt-to-equity ratio of 2.52, a current ratio of 4.40 and a quick ratio of 1.91.
B&G Foods (NYSE:BGS) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The company had revenue of $473.70 million for the quarter, compared to analyst estimates of $482.51 million. B&G Foods had a net margin of 13.04% and a return on equity of 17.29%. The company’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 earnings per share. sell-side analysts predict that B&G Foods, Inc. will post 2.15 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in BGS. Public Employees Retirement System of Ohio grew its stake in shares of B&G Foods by 0.9% in the second quarter. Public Employees Retirement System of Ohio now owns 25,392 shares of the company’s stock valued at $904,000 after acquiring an additional 222 shares in the last quarter. Nationwide Fund Advisors grew its stake in shares of B&G Foods by 16.4% in the third quarter. Nationwide Fund Advisors now owns 117,655 shares of the company’s stock valued at $3,747,000 after acquiring an additional 16,617 shares in the last quarter. Aperio Group LLC grew its stake in shares of B&G Foods by 43.4% in the third quarter. Aperio Group LLC now owns 36,295 shares of the company’s stock valued at $1,156,000 after acquiring an additional 10,977 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of B&G Foods by 22.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,734 shares of the company’s stock valued at $565,000 after acquiring an additional 3,218 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of B&G Foods in the third quarter valued at about $505,000. Institutional investors and hedge funds own 97.40% of the company’s stock.
Several brokerages have recently weighed in on BGS. Zacks Investment Research raised shares of B&G Foods from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. William Blair reissued a “market perform” rating on shares of B&G Foods in a research report on Thursday, March 1st. BMO Capital Markets reissued an “outperform” rating and issued a $37.00 price objective (down from $39.00) on shares of B&G Foods in a research report on Thursday, March 1st. Buckingham Research dropped their price objective on shares of B&G Foods from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Finally, Berenberg Bank lowered shares of B&G Foods from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research report on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $37.44.
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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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