Media stories about B&G Foods (NYSE:BGS) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. B&G Foods earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 75 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Naples Global Advisors LLC Acquires 1500 Shares of B&G Foods, Inc. (BGS) (fumbleboard.com)
- Time To Rake In Healthy Returns From B&G Foods, Inc. (BGS) (latribunadecanarias.com)
- B&G Foods, Inc. (NYSE:BGS) Rating Reiterated by Royal Bank Of Canada (ismboard.com)
- A Look at the valuation of B&G Foods, Inc. (NYSE:BGS) (thewestcoastsportsblog.com)
- B&G Foods, Inc. (NYSE:BGS) Shares Bought by Maple Capital Management Inc (hoyentv.com)
A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $52.00 price target on shares of B&G Foods in a research note on Thursday, April 20th. Zacks Investment Research raised shares of B&G Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Berenberg Bank initiated coverage on shares of B&G Foods in a research note on Tuesday, May 16th. They set a “hold” rating and a $43.50 target price for the company. BMO Capital Markets reaffirmed a “hold” rating and set a $45.00 target price on shares of B&G Foods in a research note on Monday, May 15th. Finally, Credit Suisse Group downgraded shares of B&G Foods from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $47.00 to $42.00 in a research note on Thursday, May 18th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $45.50.
B&G Foods (NYSE BGS) traded down 1.50% during midday trading on Friday, hitting $36.05. 599,388 shares of the stock were exchanged. B&G Foods has a 12 month low of $33.05 and a 12 month high of $52.84. The firm’s 50 day moving average price is $36.43 and its 200 day moving average price is $40.69. The company has a market cap of $2.40 billion, a PE ratio of 21.55 and a beta of 0.09.
B&G Foods (NYSE:BGS) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. The firm had revenue of $417.90 million during the quarter, compared to analyst estimates of $413.35 million. B&G Foods had a net margin of 7.49% and a return on equity of 17.41%. B&G Foods’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS. On average, equities research analysts forecast that B&G Foods will post $2.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Friday, June 30th will be paid a dividend of $0.465 per share. The ex-dividend date is Wednesday, June 28th. This represents a $1.86 annualized dividend and a dividend yield of 5.16%. B&G Foods’s dividend payout ratio (DPR) is presently 111.38%.
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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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