B&G Foods (NYSE:BGS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “B&G Foods, Inc. (formerly kown as B&G Foods Holdings Corp.) manufactures, sells, and distributes a portfolio of shelf-stable, and frozen food and household products in 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. The company markets its products under various brands, including Accent, B&G, B&M, Bakers Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary’s, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Durkee, Emerils, Grandma’s Molasses, Green Giant, JJ Flats, Joan of Arc, Las Palmas, Le Sueur, MacDonalds, Mama Mary’s, Maple Grove Farms of Vermont, Molly McButter, Mrs. Dash etc. “

A number of other equities research analysts have also weighed in on BGS. Buckingham Research raised shares of B&G Foods from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Wednesday, August 23rd. Stephens raised shares of B&G Foods from an “equal weight” rating to an “overweight” rating and set a $39.00 target price on the stock in a research note on Wednesday, November 1st. Finally, Berenberg Bank raised shares of B&G Foods from a “hold” rating to a “buy” rating and cut their target price for the company from $43.50 to $40.00 in a research note on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. B&G Foods has an average rating of “Hold” and a consensus target price of $40.22.

Shares of B&G Foods (NYSE:BGS) traded down $0.65 on Thursday, hitting $34.25. 2,870,409 shares of the stock were exchanged, compared to its average volume of 863,671. The company has a market cap of $2,403.84, a price-to-earnings ratio of 19.75 and a beta of 0.18. The company has a debt-to-equity ratio of 2.34, a current ratio of 3.24 and a quick ratio of 1.06. B&G Foods has a 52-week low of $29.50 and a 52-week high of $47.75.

B&G Foods (NYSE:BGS) last announced its earnings results on Tuesday, October 31st. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.08. The firm had revenue of $408.40 million for the quarter, compared to analyst estimates of $391.31 million. B&G Foods had a net margin of 6.29% and a return on equity of 15.50%. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 EPS. sell-side analysts expect that B&G Foods will post 2.12 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of BGS. Acrospire Investment Management LLC boosted its stake in B&G Foods by 934.9% during the second quarter. Acrospire Investment Management LLC now owns 2,877 shares of the company’s stock worth $102,000 after acquiring an additional 2,599 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in B&G Foods by 61.2% during the second quarter. Riverhead Capital Management LLC now owns 3,062 shares of the company’s stock worth $109,000 after acquiring an additional 1,162 shares in the last quarter. Advantage Investment Management LLC boosted its stake in B&G Foods by 212.0% during the third quarter. Advantage Investment Management LLC now owns 3,763 shares of the company’s stock worth $120,000 after acquiring an additional 2,557 shares in the last quarter. Sei Investments Co. boosted its stake in B&G Foods by 298.9% during the third quarter. Sei Investments Co. now owns 4,033 shares of the company’s stock worth $128,000 after acquiring an additional 3,022 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in B&G Foods by 19.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,958 shares of the company’s stock worth $141,000 after acquiring an additional 648 shares in the last quarter. 94.13% of the stock is currently owned by institutional investors and hedge funds.

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About B&G Foods

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.

Analyst Recommendations for B&G Foods (NYSE:BGS)

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