B&G Foods Inc. Reaches New 12-Month High at $36.50 (BGS)
B&G Foods (NYSE:BGS)’s share price reached a new 52-week high during mid-day trading on Thursday, Analyst Ratings News reports. The stock traded as high as $36.50 and last traded at $36.38, with a volume of 292,968 shares traded. The stock had previously closed at $35.88.
BGS has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of B&G Foods from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 12th. They now have a $39.20 price target on the stock. Analysts at Credit Suisse raised their price target on shares of B&G Foods from $32.00 to $35.00 in a research note to investors on Wednesday, July 31st. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $35.04.
B&G Foods has a 1-year low of $26.83 and a 1-year high of $36.49. The stock has a 50-day moving average of $34.76 and a 200-day moving average of $32.74. The company has a market cap of $1.926 billion and a price-to-earnings ratio of 41.77.
B&G Foods (NYSE:BGS) last announced its earnings results on Thursday, July 18th. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.02. The company had revenue of $160.90 million for the quarter, compared to the consensus estimate of $162.30 million. During the same quarter last year, the company posted $0.33 earnings per share. B&G Foods’s revenue was up 8.3% compared to the same quarter last year. Analysts expect that B&G Foods will post $1.53 EPS for the current fiscal year.
B&G Foods, Inc (NYSE:BGS), manufactures, sells and distributes a range of branded shelf-stable food and household products across the United States, Canada and Puerto Rico.
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