Economy

B&G Foods, Inc. (BGS) Can't Be More Risky. Trades Sigfnicicantly Lower

B&G Foods, Inc. (BGS) Can't Be More Risky. Trades Sigfnicicantly Lower”

Including today's unusual volume, B&G Foods, Inc.'s stock is performing at -9.47% on the year. Ibex Wealth Advisors now owns 43,547 shares of the company's stock worth $1,894,000 after buying an additional 1,294 shares during the period.

Over the past 50 days, B&G Foods, Inc. stock's -12.76% off of the high and -2.59% removed from the low.

Other institutional investors have also bought and sold shares of the company. Finally, Hanseatic Management Services Inc. purchased a new stake in B&G Foods during the third quarter worth approximately $1,580,000. Champlain Investment Partners LLC now owns 1,344,900 shares of the company's stock worth $58,907,000 after buying an additional 783,320 shares in the last quarter. B&G Foods, Inc. went from $3,432,000 to $1,541,000 a change of 55.1% for the reporting period. Municipal Employees Retirement System of MI now owns 18,070 shares of the company's stock worth $727,000 after buying an additional 100 shares during the last quarter. Tyers Asset Management LLC increased its position in B&G Foods by 3.7% in the first quarter. Lerner now owns $2,219,389 of the stock per the Form 4 SEC filing. North Star Investment Management Corp. boosted its position in shares of B&G Foods by 873.0% in the first quarter. Ameriprise Financial Inc. now owns 975,394 shares of the company's stock valued at $39,234,000 after buying an additional 35,881 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of B&G Foods by 4.2% in the first quarter. By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock. The firm has a market capitalization of $2.64 billion, a PE ratio of 23.70 and a beta of 0.14. It is now trading at $37.55 a tad under $40.42, the stock's 50 day moving average and a bit lower than the 200 day moving average of $42.40.

B&G Foods (NYSE:BGS) last released its earnings results on Thursday, May 4th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. The firm had revenue of $417.90 million during the quarter, compared to the consensus estimate of $413.35 million. B&G Foods had a return on equity of 17.41% and a net margin of 7.49%. B&G Foods's quarterly revenue was up 18.4% on a year-over-year basis. On average, equities analysts forecast that B&G Foods will post $2.17 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. The ex-dividend date of this dividend is Wednesday, June 28th. B&G Foods's dividend payout ratio is presently 111.38%. Rave Restaurant Group Inc (NASDAQ:RAVE) has declined 50.12% since June 16, 2016 and is downtrending. The value of the total investment in B&G Foods, Inc.

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Several large investors have recently added to or reduced their stakes in BGS. Zacks Investment Research upgraded B&G Foods from a "hold" rating to a "buy" rating and set a $45.00 price target for the company in a report on Thursday, June 1st. Royal Bank Of Canada restated a buy rating and set a $52.00 price target on shares of B&G Foods in a research note on Thursday, April 20th. The firm has "Outperform" rating by RBC Capital Markets given on Friday, April 29. The rating was initiated by Buckingham Research on Monday, October 19 with "Neutral". The company now has an average rating of "Hold" and an average target price of $46.36.

Nicholas Company Inc. continued to hold its stake in B&G Foods, Inc. The firm has "Sell" rating by Zacks given on Wednesday, September 2.



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