B&G Foods, Inc. (NYSE:BGS) declared a quarterly dividend on Wednesday, February 22nd. Shareholders of record on Friday, March 31st will be paid a dividend of 0.465 per share on Monday, May 1st. This represents a $1.86 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Wednesday, March 29th.
B&G Foods (NYSE:BGS) opened at 40.65 on Tuesday. B&G Foods has a 52 week low of $31.81 and a 52 week high of $52.84. The firm’s 50-day moving average price is $43.27 and its 200-day moving average price is $44.53. The stock has a market cap of $2.70 billion, a PE ratio of 23.50 and a beta of 0.05.
B&G Foods (NYSE:BGS) last issued its quarterly earnings data on Thursday, February 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.10. B&G Foods had a net margin of 8.09% and a return on equity of 21.79%. The company had revenue of $413.70 million for the quarter, compared to analysts’ expectations of $426 million. During the same quarter last year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. Equities analysts predict that B&G Foods will post $2.19 earnings per share for the current fiscal year.
BGS has been the topic of a number of recent research reports. Royal Bank of Canada decreased their price objective on B&G Foods from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, February 24th. Stephens downgraded B&G Foods from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 12th. Credit Suisse Group AG upgraded B&G Foods from a “neutral” rating to an “outperform” rating and decreased their price objective for the company from $49.00 to $47.00 in a research report on Friday, March 17th. Zacks Investment Research downgraded B&G Foods from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 28th. Finally, Citigroup Inc initiated coverage on B&G Foods in a research report on Monday, December 19th. They set a “neutral” rating and a $46.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $49.60.
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About B&G Foods
B&G Foods, Inc is a holding company. The Company manufactures, sells and distributes a diverse portfolio of shelf-stable and frozen food, and household products 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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