B&G Foods, Inc. (NYSE:BGS) Given Price Target Of $45.333


As per B&G Foods, Inc. (NYSE:BGS)’s news release on 2016-08-03, its shareholders will get cash dividend of $0.42 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-30 and 2016-10-31, respectively.

The stock of B&G Foods, Inc. (NYSE:BGS) will commence trading ex-dividend from 2016-09-28, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year B&G Foods, Inc. (NYSE:BGS) disbursed $1.54 in dividend compared to distribution of $1.36, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 1.4706%.

The past track record of five years substantiates that the average payout of B&G Foods, Inc. (NYSE:BGS) stands at $1.186, implying 15.2057% growth. The company recorded earnings of $0.39 a share in the preceding fiscal.

The interim price target for B&G Foods, Inc. (NYSE:BGS) is set at $45.333. This level is the mean price reached by averaging the stock views of 6 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $52 and the lowest level is established at 38. This broad range highlights a standard deviation of $5.645 in reported estimates.

AlphaOne has allotted A sentiment score of 0 to B&G Foods, Inc. (NYSE:BGS) while impact score assigned is 85 as on as on 2016-08-06.

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