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Re: BlueRayn post# 14

Wednesday, 11/01/2017 12:22:45 PM

Wednesday, November 01, 2017 12:22:45 PM

Post# of 110
B&G Foods skies after strong earnings

Nov. 1, 2017 9:18 AM ET|About: B&G Foods, Inc. (BGS)|By: Clark Schultz, SA News Editor
B&G Foods (NYSE:BGS) flies in early trading after a solid beat on both line of its Q3 report.

The company reported a 10.5% gain in adjusted EBITDA for the quarter and churned up net income of $32.7M. Sales were up 28% to $480.4M as recent acquisitions factored in.

Looking ahead, B&G sees FY17 revenue of $1.66B to $1.685B vs. $1.66B consensus.

The result from B&G were strong enough to prompt an upgrade from Stephens to Overweight and new price target of $39.

Previously: B&G Foods beats by $0.08, beats on revenue (Oct. 31)

BGS +13.21% premarket to $36.00 vs. a 52-week trading range of $29.50 to $47.75.
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