NA Maintains Stake in B&G Foods, Inc. (NYSE:BGS)

Author

30 July, 2017

The institutional investor owned 69,000 shares of the company's stock after selling 2,700 shares during the period.

Hedge funds and other institutional investors have recently made changes to their positions in the stock.

Naples Global Advisors LLC boosted its stake in B&G Foods, Inc. Principal Financial Group Inc. now owns 1,379,585 shares of the company's stock worth $55,528,000 after buying an additional 186,531 shares in the last quarter. The short interest to B&G Foods Incorporated's float is 15.6%. Channing Capital Management, LLC now owns 437,537 shares with a value of $15,576,000. Torch Wealth Management LLC controls 37,000 shares worth $1,317,000. A 2 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of BGS or, if they already own its stock, sell it. Finally, Edge Asset Management Inc. raised its stake in shares of B&G Foods by 14.4% in the first quarter. North Star Investment Management Corp. now owns 2,919 shares of the company's stock valued at $117,000 after buying an additional 2,619 shares during the period. B&G Foods has a 12 month low of $33.05 and a 12 month high of $52.84.

B&G Foods (NYSE:BGS) traded down 1.50% during mid-day trading on Tuesday, hitting $36.05.

42K shares changed hands on Friday. (BGS) stock price comparison to its moving averages, shares of company are -4.09% away from the 50-day moving average and 2.84% away from 20-day average. The firm has a market cap of $2.42 billion, a PE ratio of 21.76 and a beta of 0.09.

Media stories about B&G Foods (NYSE:BGS) have trended somewhat positive this week, according to Accern Sentiment Analysis. During the same quarter previous year, the business posted $0.65 earnings per share. The business had revenue of $417.90 million for 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.

The average 1-year price target for B&G Foods, Inc. Shareholders of record on Friday, June 30th will be issued a $0.465 dividend. The ex-dividend date will be Wednesday June 28th, 2017. The Free Cash Flow Yield 5 Year Average of B&G Foods, Inc.

B&G Foods, Inc. (B&G Foods), launched on November 25, 1996, is a holding company.

TRADEMARK VIOLATION NOTICE: "B&G Foods, Inc". (NYSE BGS) opened at 36.05 on Friday. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and worldwide copyright and trademark legislation. The original version of this piece can be accessed at https://stocknewstimes.com/2017/07/29/maple-capital-management-inc-has-443000-stake-in-bg-foods-inc-nysebgs-updated.html. For investors, Forward P/E ratio allows a quick snapshot of the company's finances without getting bogged down in the details of an accounting report. Analysts predict that B&G Foods will post $2.17 earnings per share for the current year. The latest reports which are outstanding on Monday 24th of July state 1 analyst has a rating of "strong buy", 1 analysts "buy", 7 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". Finally, Zacks Investment Research downgraded shares of B&G Foods from a "buy" rating to a "hold" rating in a research note on Wednesday, July 12th. The stock presently has an average rating of "Hold" and an average price target of $45.50. Citigroup Inc. raised B&G Foods from a "neutral" rating to a "buy" rating and set a $43.00 price target for the company in a report on Thursday, July 20th.

05/10/2016 - B&G Foods, Inc. was downgraded to "neutral" by analysts at Buckingham Research. (HCA) to grow. At recent closing price of $85.73, HCA has a chance to add $10.03 or 11.7% in 52 weeks, based on mean target price ($95.76) placed by analysts.The analyst consensus opinion of 1.8 looks like a buy.

The Q.i. Value of Where Food Comes From, Inc. The Firm makes, sells and distributes a portfolio of shelf-stable and frozen foods across the United States, Canada and Puerto Rico.


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