Revenue Update on B&G Foods(NYSE:BGS)

B&G Foods(NYSE:BGS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $306.38M. Analysts estimated a revenue of $316.56M. Earnings per share were $0.57. Analysts had estimated an EPS of $0.46.

In a different note, On May 13, 2016, DA Davidson said it Downgrades its rating on B&G Foods. The shares have been rated ‘Neutral’ by the firm. On May 10, 2016, Buckingham Research said it Downgrades its rating on B&G Foods. The shares have been rated ‘Neutral’ by the firm.

B&G Foods (BGS) made into the market gainers list on Thursdays trading session with the shares advancing 1.85% or 0.93 points. Due to strong positive momentum, the stock ended at $51.22, which is also near the day’s high of $51.23. The stock began the session at $50.41 and the volume stood at 9,03,584 shares. The 52-week high of the shares is $52.84 and the 52 week low is $28.12. The company has a current market capitalization of $3,208 M and it has 6,26,40,242 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 19, 2016, Scott E Lerner (EVP & General Counsel) sold 13,000 shares at $42.79 per share price.Also, On May 12, 2016, Alfred Poe (director) sold 4,920 shares at $43.55 per share price.On May 11, 2016, Thomas P Crimmins (CFO) purchased 3,500 shares at $43.61 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s products are marketed under a range of brands including Ac’cent B&G B&M Baker’s Joy Bear Creek Country Kitchens Brer Rabbit Canoleo Cary’s Cream of Rice Cream of Wheat Devonsheer Don Pepino Emeril’s Grandma’s Molasses JJ Flats Joan of Arc Las Palmas MacDonald’s Maple Grove Farms of Vermont and Molly McButter among others.

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