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Tale of the Tape

B&G Foods Inc. (BGS - Snapshot Report) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for BGS as the stock is now down over 16% since Jan 16.

This packaged food distributor has seen a flat track record when it comes to current year estimate revisions over the past few weeks. None of the estimates were revised on either side and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

BGS currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the packaged goods sector include Associated British Foods plc (ASBFY), Diamond Foods, Inc. (DMND - Analyst Report) and J&J Snack Foods Corp. (JJSF - Snapshot Report). All these stocks hold a Zacks Rank #2 (Buy).

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