B&G Foods (NYSE:BGS) Stock Breaks Above Fifty Day Moving Average – Here’s What Happened

B&G Foods, Inc. (NYSE:BGS)’s share price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $2.71 and traded as high as $3.67. B&G Foods shares last traded at $3.6340, with a volume of 14,625,350 shares changing hands.

More B&G Foods News

Here’s some of the latest news about BGS:

• Positive Sentiment: Management raised its FY2026 outlook to EPS of $0.575–$0.675 and net sales of $1.76 billion–$1.8 billion, above the cited consensus estimates of $0.57 EPS and $1.7 billion in revenue. The improved forecast signals confidence in continued performance. B&G Foods targets leverage below 6x by mid-2027 as it lifts 2026 net sales view
• Positive Sentiment: Portfolio changes—including the College Inn and Kitchen Basics acquisition and the Green Giant U.S. frozen-food divestiture—are contributing to growth and margin improvement. Management says cash generation and debt reduction are priorities, with a goal of bringing leverage below 6x by mid-2027. Why B&G Foods Stock Soared Today
• Negative Sentiment: Debt reduction remains an important execution challenge: the leverage target is a future goal, so the company will need to sustain cash flow and deliver on its portfolio plans to improve its balance sheet. B&G Foods targets leverage below 6x by mid-2027 as it lifts 2026 net sales view

Analyst Ratings Changes

A number of brokerages have commented on BGS. Jefferies Financial Group set a $4.00 price objective on B&G Foods in a research report on Wednesday, July 22nd. Barclays lowered their price target on shares of B&G Foods from $4.50 to $3.00 and set an “equal weight” rating on the stock in a report on Friday, October 16th. Weiss Ratings downgraded shares of B&G Foods from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. TD Cowen decreased their target price on shares of B&G Foods from $4.00 to $3.00 and set a “sell” rating on the stock in a research report on Wednesday, August 12th. Finally, Evercore set a $4.50 price target on shares of B&G Foods in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, B&G Foods has an average rating of “Sell” and a consensus price target of $3.62.

B&G Foods Stock Up 36.6%

The firm has a 50 day moving average price of $2.71 and a 200-day moving average price of $4.02. The firm has a market cap of $295.37 million, a price-to-earnings ratio of -3.46 and a beta of 0.56. The company has a debt-to-equity ratio of 5.08, a current ratio of 1.62 and a quick ratio of 1.09.

B&G Foods (NYSE:BGS) last released its quarterly earnings data on Tuesday, November 10th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. B&G Foods had a positive return on equity of 12.53% and a negative net margin of 4.70%. The business had revenue of $459.78 million during the quarter, compared to the consensus estimate of $435.00 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts predict that B&G Foods, Inc. will post 0.57 EPS for the current fiscal year.

B&G Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 26th. Investors of record on Thursday, December 31st will be paid a $0.0950 dividend. The ex-dividend date is Thursday, December 31st. This represents a $0.38 annualized dividend and a yield of 10.5%. B&G Foods’s payout ratio is -42.70%.

Hedge Funds Weigh In On B&G Foods

A number of hedge funds have recently bought and sold shares of BGS. Legal & General Group Plc bought a new position in B&G Foods during the 2nd quarter worth $32,000. Versant Capital Management Inc grew its holdings in shares of B&G Foods by 38.5% during the 2nd quarter. Versant Capital Management Inc now owns 10,578 shares of the company’s stock worth $42,000 after purchasing an additional 2,941 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of B&G Foods in the first quarter worth $51,000. OneDigital Investment Advisors LLC acquired a new position in B&G Foods in the second quarter valued at about $44,000. Finally, Public Employees Retirement System of Ohio bought a new stake in B&G Foods during the second quarter worth about $48,000. 66.15% of the stock is owned by institutional investors.

About B&G Foods

B&G Foods, Inc. is a branded food company headquartered in Parsippany, New Jersey. The company manufactures, sells and distributes a portfolio of shelf-stable, frozen and specialty food products through grocery stores, mass merchandisers, club stores, foodservice distributors and e-commerce channels. Its products include vegetables, beans, pickles, condiments, sauces, spices, seasonings, baking products, hot cereals, snacks and frozen foods. B&G Foods’ brand portfolio has included Ortega Mexican foods, Cream of Wheat, Mrs. Dash, Maple Grove Farms, Polaner, Cary’s, Las Palmas, Underwood and B&G pickles, among other consumer food brands.