In a report released yesterday, Andrew Lazar from Barclays maintained a Hold rating on B&G Foods (BGS), with a price target of $19.00. The company’s shares closed last Thursday at $19.78.
According to TipRanks.com, Lazar is a 5-star analyst with an average return of 6.5% and a 62.0% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and McCormick & Company.
B&G Foods has an analyst consensus of Hold, with a price target consensus of $15.25.
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B&G Foods’ market cap is currently $1.27B and has a P/E ratio of 15.60. The company has a Price to Book ratio of -0.84.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BGS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
B&G Foods, Inc.is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., 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, and wine vinegar. Its brands include Back to Nature, Bear Creek, Cream of Wheat, Green Giant, Mrs. Dash, and Ortega. The company was founded in 1889 and is headquartered in Parsippany, NJ.
