NEW YORK ( TheStreet) -- B&G Foods Inc (NYSE: BGS) hit a new 52-week high Tuesday as it is currently trading at $21.86, above its previous 52-week high of $21.83 with 199,972 shares traded as of 3 p.m. ET. Average volume has been 427,500 shares over the past 30 days.

B&G has a market cap of $1 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 57.2% year to date as of the close of trading on Monday.

B&G Foods, Inc., together with its subsidiaries, engages in the manufacture, sale, and distribution of shelf-stable foods in the United States, Canada, and Puerto Rico. The company has a P/E ratio of 20, above the average food & beverage industry P/E ratio of 19.6 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates B&G as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full B&G Ratings Report.

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