B&G Foods (NYSE:BGS) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $2.05 billion-2.10 billion, compared to the consensus revenue estimate of $2.06 billion.
Several research analysts recently commented on the stock. Royal Bank of Canada reduced their price target on shares of B&G Foods from $32.00 to $29.00 in a research note on Wednesday, March 3rd. Piper Sandler reissued a neutral rating and set a $31.00 target price on shares of B&G Foods in a research report on Monday, March 29th. Finally, Zacks Investment Research raised shares of B&G Foods from a sell rating to a hold rating and set a $30.00 target price on the stock in a research report on Tuesday, May 4th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The stock presently has an average rating of Hold and an average target price of $27.50.
BGS stock opened at $33.62 on Thursday. The stock has a 50 day moving average of $30.07. The firm has a market cap of $2.18 billion, a PE ratio of 16.64 and a beta of 0.41. The company has a quick ratio of 1.12, a current ratio of 3.51 and a debt-to-equity ratio of 2.77. B&G Foods has a 52 week low of $20.63 and a 52 week high of $47.84.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 30th. Shareholders of record on Wednesday, June 30th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 5.65%. The ex-dividend date of this dividend is Tuesday, June 29th. B&G Foods’s payout ratio is 84.07%.
B&G Foods Company Profile
B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, oatmeal and other 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, baking powder and soda, corn starch, cookies and crackers, nut clusters, and other specialty products.
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