Somewhat Positive News Coverage Somewhat Unlikely to Impact B&G Foods (NYSE:BGS) Share Price

Media headlines about B&G Foods (NYSE:BGS) have been trending somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. B&G Foods earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news stories about the company an impact score of 44.9348184596099 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

A number of equities analysts recently commented on BGS shares. ValuEngine cut shares of B&G Foods from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $39.00 target price on shares of B&G Foods in a research report on Friday, August 3rd. Zacks Investment Research raised shares of B&G Foods from a “sell” rating to a “hold” rating in a report on Tuesday, May 1st. Credit Suisse Group set a $21.00 price target on shares of B&G Foods and gave the stock a “hold” rating in a report on Saturday, May 5th. Finally, Berenberg Bank raised shares of B&G Foods from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $34.13.

NYSE:BGS opened at $31.40 on Friday. B&G Foods has a one year low of $22.00 and a one year high of $39.75. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.31 and a current ratio of 3.73. The stock has a market cap of $2.04 billion, a P/E ratio of 15.12 and a beta of 0.47.

B&G Foods (NYSE:BGS) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.06). The business had revenue of $388.40 million for the quarter, compared to the consensus estimate of $386.91 million. B&G Foods had a return on equity of 16.12% and a net margin of 11.23%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. research analysts anticipate that B&G Foods will post 2.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 30th. Shareholders of record on Friday, September 28th will be issued a $0.475 dividend. The ex-dividend date is Thursday, September 27th. This represents a $1.90 annualized dividend and a yield of 6.05%. B&G Foods’s dividend payout ratio (DPR) is presently 89.62%.

About B&G Foods

B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods 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 vinegars, maple syrups, 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, cookies and crackers, nut clusters, and other specialty products.

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