Insider Selling: Alfred Poe Sells 3,275 Shares of B&G Foods Stock (BGS)
B&G Foods (NYSE:BGS) Director Alfred Poe sold 3,275 shares of the stock on the open market in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $33.86, for a total value of $110,891.50. Following the transaction, the director now directly owns 17,701 shares of the company’s stock, valued at approximately $599,356. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on BGS shares. 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 given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $35.04.
Shares of B&G Foods (NYSE:BGS) traded up 0.68% on Friday, hitting $34.01. The stock had a trading volume of 883,569 shares. B&G Foods has a 52-week low of $26.83 and a 52-week high of $36.49. The stock has a 50-day moving average of $34.62 and a 200-day moving average of $32.03. The company has a market cap of $1.798 billion and a P/E ratio of 41.25.
B&G Foods (NYSE:BGS) last released its earnings data on Thursday, October 17th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.05. The company had revenue of $181.40 million for the quarter, compared to the consensus estimate of $184.83 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts predict that B&G Foods will post $1.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 30th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Friday, December 27th. This is an increase from B&G Foods’s previous quarterly dividend of $0.32.
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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