Why B&G Foods, Inc. Stock Popped Today
Shares of B&G Foods Inc. (NYSE: BGS) were up 10.9% as of 11:50 a.m. EDT Wednesday after the company announced strong third-quarter 2017 results.
More specifically, B&G Foods' quarterly revenue climbed 28.3% year over year to $408.4 million, which translated to a 0.1% decline in adjusted net income to $36.8 million. Adjusted net income per diluted share fell 1.8% to $0.55.
Analysts, on average, were expecting lower adjusted net income of $0.47 per share on revenue of $390.9 million.
Source: Fool.com
B + G Foods Stock
€8.80
0.020%
Currently there is a rather negative sentiment for B + G Foods with 0 Buy predictions and 4 Sell predictions..
With a target price of 8 € there is a slightly negative potential of -9.05% for B + G Foods compared to the current price of 8.8 €.
