) pushed the Food & Beverage industry higher today making it today's featured food & beverage winner. The industry as a whole closed the day down 0.3%. By the end of trading, B&G Foods rose 17 cents (0.6%) to $26.78 on average volume. Throughout the day, 534,531 shares of B&G Foods exchanged hands as compared to its average daily volume of 422,400 shares. The stock ranged in a price between $26.46-$26.95 after having opened the day at $26.51 as compared to the previous trading day's close of $26.61. Other companies within the Food & Beverage industry that increased today were:
), up 13.1%,
), up 12.8%,
), up 7.2%, and
), up 7.1%.
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B&G Foods, Inc. and its subsidiaries engage in the manufacture, sale, and distribution of shelf-stable foods in the United States, Canada, and Puerto Rico. B&G Foods has a market cap of $1.27 billion and is part of the
sector. The company has a P/E ratio of 23.4, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 10.6% year to date as of the close of trading on Friday. Currently there are no analysts that rate B&G Foods a buy, no analysts rate it a sell, and four rate it a hold.
TheStreet Ratings rates B&G Foods as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
- You can view the full B&G Ratings Report.
On the negative front,
), down 7%,
), down 5.7%,
), down 4.6%, and
), down 4.4%, were all losers within the food & beverage industry with
) being today's food & beverage industry loser.
- Use our food & beverage section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the food & beverage industry could consider
) while those bearish on the food & beverage industry could consider
PowerShares DB Agriculture Sht ETN
- Find other investment ideas from our top rated ETFs lists.