Analyst Rating Update on B&G Foods (BGS)

B&G Foods (NYSE:BGS) has an average broker rating of 2.86, which is interpreted as a Hold, as rated by 7 equity analysts. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy.

B&G Foods (NYSE:BGS) : 6 investment research analysts covering B&G Foods (NYSE:BGS) have an average price target of $42.33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $46 and the lowest target is $38 for the short term. Analysts expect the variance to be within $3.2 of the average price.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, DA Davidson, downgrades their rating on the shares of B&G Foods (NYSE:BGS). DA Davidson has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 13, 2016.

B&G Foods (NYSE:BGS): On Tuesdays trading session , Opening price of the stock was $47.5 with an intraday high of $47.779. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $46.02. However, the stock managed to close at $46.38, a loss of 1.17% for the day. On the previous day, the stock had closed at $46.93. The total traded volume of the day was 994,675 shares.

In an insider trading activity,The officer (EVP & General Counsel) of B&G Foods, Inc., Lerner Scott E sold 13,000 shares at $42.79 on May 19, 2016. The Insider selling transaction had a total value worth of $556,270. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

B&G Foods, Inc. (B&G Foods) is a holding company that manufactures, sells and distributes a range of shelf-stable food and household products across the United States, Canada and Puerto Rico. Its products include hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, 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 Companys products are marketed under a range of brands, including Accent, B&G, B&M, Bakers Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Carys, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Emerils, Grandmas Molasses, JJ Flats, Joan of Arc, Las Palmas, MacDonalds, Maple Grove Farms of Vermont and Molly McButter, among others.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.