B&G Foods (NYSE:BGS) had its price target lowered by equities research analysts at Buckingham Research from $40.00 to $36.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Buckingham Research’s price objective would suggest a potential upside of 15.38% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Berenberg Bank raised shares of B&G Foods from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $43.50 to $40.00 in a research note on Thursday, November 16th. Zacks Investment Research raised shares of B&G Foods from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, Stephens raised shares of B&G Foods from an “equal weight” rating to an “overweight” rating and set a $39.00 price objective on the stock in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $39.78.
Shares of B&G Foods (NYSE:BGS) opened at $31.20 on Wednesday. The company has a market cap of $2,070.00, a P/E ratio of 20.53 and a beta of 0.02. B&G Foods has a one year low of $29.50 and a one year high of $43.25. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.06 and a current ratio of 3.24.
Institutional investors have recently added to or reduced their stakes in the stock. Eii Capital Management Inc. grew its stake in B&G Foods by 24.2% in the 3rd quarter. Eii Capital Management Inc. now owns 59,695 shares of the company’s stock valued at $1,901,000 after acquiring an additional 11,625 shares during the period. Schwab Charles Investment Management Inc. grew its stake in B&G Foods by 5.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 475,959 shares of the company’s stock valued at $15,160,000 after acquiring an additional 24,990 shares during the period. National Investment Services Inc. WI grew its stake in B&G Foods by 16.2% in the 4th quarter. National Investment Services Inc. WI now owns 24,712 shares of the company’s stock valued at $869,000 after acquiring an additional 3,438 shares during the period. Victory Capital Management Inc. grew its stake in B&G Foods by 46.9% in the 3rd quarter. Victory Capital Management Inc. now owns 20,254 shares of the company’s stock valued at $645,000 after acquiring an additional 6,468 shares during the period. Finally, Rhumbline Advisers grew its stake in B&G Foods by 2.0% in the 3rd quarter. Rhumbline Advisers now owns 133,140 shares of the company’s stock valued at $4,241,000 after acquiring an additional 2,638 shares during the period. 97.55% of the stock is currently owned by hedge funds and other institutional investors.
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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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