B&G Foods, Inc. (NYSE:BGS) Receives Average Recommendation of “Reduce” from Analysts

B&G Foods, Inc. (NYSE:BGS) has earned an average rating of “Reduce” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $6.10.

BGS has been the topic of several recent research reports. Royal Bank Of Canada lowered their target price on shares of B&G Foods from $6.00 to $5.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 5th. Barclays lowered their price target on shares of B&G Foods from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 15th.

B&G Foods Stock Performance

BGS opened at $4.63 on Friday. The company has a current ratio of 2.93, a quick ratio of 0.89 and a debt-to-equity ratio of 3.96. The firm has a market capitalization of $370.40 million, a PE ratio of -1.64 and a beta of 0.46. The firm has a 50 day moving average of $4.36 and a two-hundred day moving average of $5.14. B&G Foods has a 12-month low of $3.67 and a 12-month high of $9.44.

B&G Foods (NYSE:BGS) last posted its earnings results on Monday, August 4th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). B&G Foods had a negative net margin of 12.02% and a positive return on equity of 7.16%. The firm had revenue of $424.43 million for the quarter, compared to analysts’ expectations of $427.80 million. During the same period last year, the firm earned $0.08 earnings per share. B&G Foods’s revenue for the quarter was down 4.5% compared to the same quarter last year. B&G Foods has set its FY 2025 guidance at 0.500-0.600 EPS. On average, analysts anticipate that B&G Foods will post 0.7 EPS for the current year.

B&G Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Tuesday, September 30th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 16.4%. The ex-dividend date is Tuesday, September 30th. B&G Foods’s payout ratio is -26.86%.

Institutional Trading of B&G Foods

A number of large investors have recently made changes to their positions in BGS. Northwestern Mutual Wealth Management Co. boosted its holdings in B&G Foods by 502.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,443 shares of the company’s stock valued at $31,000 after purchasing an additional 6,207 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in B&G Foods by 3,217.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 5,043 shares of the company’s stock valued at $35,000 after purchasing an additional 4,891 shares in the last quarter. Federated Hermes Inc. acquired a new position in B&G Foods in the second quarter valued at approximately $35,000. Signaturefd LLC boosted its holdings in B&G Foods by 48.7% in the second quarter. Signaturefd LLC now owns 10,036 shares of the company’s stock valued at $42,000 after purchasing an additional 3,288 shares in the last quarter. Finally, Capstone Financial Advisors Inc. acquired a new position in B&G Foods in the second quarter valued at approximately $42,000. 66.15% of the stock is currently owned by hedge funds and other institutional investors.

B&G Foods Company Profile

B&G Foods, Inc is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., Canada, and Puerto Rico. It operates through the following segments: Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions.