NEW YORK ( TheStreet) -- B&G Foods (NYSE: BGS) is trading at unusually high volume Wednesday with 1.6 million shares changing hands. It is currently at four times its average daily volume and trading up $2.37 (+15.8%) at $17.39 as of 12:26 p.m. ET.

B&G has a market cap of $714.5 million and is part of the consumer goods sector and food & beverage industry. Shares are up 9.4% year to date as of the close of trading on Tuesday.

B&G Foods, Inc., together with its subsidiaries, engages in the manufacture, distribution, and sale of shelf-stable foods in the United States, Canada, and Puerto Rico. The company has a P/E ratio of 40.5, above the average food & beverage industry P/E ratio of 39.5 and above the S&P 500 P/E ratio of 21.9.

TheStreet Ratings rates B&G as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, compelling growth in net income, revenue growth, 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.

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