Should I buy or sell B&G Foods stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for B&G Foods in the last year. There are currently 2 sell ratings and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" BGS shares. View BGS analyst ratings or view top-rated stocks .

What is B&G Foods' stock price target for 2024?

3 brokers have issued 12 month price objectives for B&G Foods' shares. Their BGS share price targets range from $9.00 to $10.00. On average, they anticipate the company's share price to reach $9.50 in the next year. This suggests that the stock has a possible downside of 10.5%. View analysts price targets for BGS or view top-rated stocks among Wall Street analysts .

How have BGS shares performed in 2024?

B&G Foods' stock was trading at $10.50 at the start of the year. Since then, BGS stock has increased by 1.1% and is now trading at $10.62. View the best growth stocks for 2024 here .

When is B&G Foods' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our BGS earnings forecast .

How were B&G Foods' earnings last quarter?

B&G Foods, Inc. (NYSE:BGS) posted its earnings results on Tuesday, February, 27th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.02. The firm earned $578.13 million during the quarter, compared to analysts' expectations of $569.65 million. B&G Foods had a positive trailing twelve-month return on equity of 8.68% and a negative net margin of 3.21%. The business's quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS.

How often does B&G Foods pay dividends? What is the dividend yield for B&G Foods?

B&G Foods declared a quarterly dividend on Monday, February 26th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.19 per share on Tuesday, April 30th. This represents a $0.76 annualized dividend and a dividend yield of 7.16%. The ex-dividend date of this dividend is Wednesday, March 27th. Read our dividend analysis for BGS .

Is B&G Foods a good dividend stock?

B&G Foods (NYSE:BGS) pays an annual dividend of $0.76 per share and currently has a dividend yield of 7.12%. BGS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for BGS .

What ETFs hold B&G Foods' stock?

ETFs with the largest weight of B&G Foods (NYSE:BGS) stock in their portfolio include Invesco S&P SmallCap Consumer Staples ETF (PSCC) . Invesco S&P SmallCap 600 Pure Value ETF (RZV) .

What guidance has B&G Foods issued on next quarter's earnings?

B&G Foods issued an update on its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (EPS) guidance of 0.800-1.000 for the period, compared to the consensus EPS estimate of 0.850. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion.

What is David L. Wenner's approval rating as B&G Foods' CEO?

15 employees have rated B&G Foods Chief Executive Officer David L. Wenner on Glassdoor.com . David L. Wenner has an approval rating of 41% among the company's employees. This puts David L. Wenner in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of B&G Foods own?

Based on aggregate information from My MarketBeat watchlists, some companies that other B&G Foods investors own include AT&T (T) , Cisco Systems (CSCO) , AbbVie (ABBV) , Pfizer (PFE) , Verizon Communications (VZ) , Intel (INTC) , General Electric (GE) , Johnson & Johnson (JNJ) , Bank of America (BAC) and Bristol-Myers Squibb (BMY) .

Who are B&G Foods' major shareholders?

B&G Foods' stock is owned by many different institutional and retail investors. Top institutional investors include Gilman Hill Asset Management LLC (0.74%) and GAMMA Investing LLC (0.01%). Insiders that own company stock include Alfred Poe, Bruce C Wacha, David L Wenner, Ellen M Schum and Jordan E Greenberg. View institutional ownership trends .

How do I buy shares of B&G Foods?

Shares of BGS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:BGS

B&G Foods (BGS) Stock Price, News & Analysis

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Free BGS Stock Alerts

$10.62

-0.03 (-0.28%)

(As of 04/17/2024 ET)

Compare

Today's Range: $10.58
▼
$10.83
50-Day Range: $9.33
▼
$11.91
52-Week Range: $7.20
▼
$16.68

Volume: 592,588 shs
Average Volume: 1.03 million shs
Market Capitalization: $839.12 million

P/E Ratio: N/A
Dividend Yield: 7.16%
Price Target: $9.50

Get B&G Foods alerts:

B&G Foods MarketRank™ Stock Analysis

Analyst Rating: Sell
1.33 Rating Score
Upside/Downside: 10.5% Downside
$9.50 Price Target
Short Interest: Bearish
9.17% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -3.45
Upright™ Environmental Score
News Sentiment: 0.67
Based on 4 Articles This Week
Insider Trading: Selling Shares
$790 Sold Last Quarter
Proj. Earnings Growth: 8.43%
From $0.83 to $0.90 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.63 out of 5 stars

Consumer Staples Sector

103rd out of 132 stocks

Food & Kindred Products Industry

9th out of 11 stocks

0.7

Analyst's Opinion

Consensus Rating
B&G Foods has received a consensus rating of Sell. The company's average rating score is 1.33, and is based on no buy ratings, 1 hold rating, and 2 sell ratings.
Amount of Analyst Coverage
B&G Foods has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
9.17% of the outstanding shares of B&G Foods have been sold short.
Short Interest Ratio / Days to Cover
B&G Foods has a short interest ratio ("days to cover") of 6.9.
Change versus previous month
Short interest in B&G Foods has recently decreased by 2.68%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Leadership
B&G Foods is a leading dividend payer. It pays a dividend yield of 7.12%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
B&G Foods does not have a long track record of dividend growth.
Dividend Sustainability
Based on EPS estimates, B&G Foods will have a dividend payout ratio of 84.44% in the coming year. This indicates that B&G Foods may not be able to sustain their current dividend.

1.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
B&G Foods has received a -6.78% net impact score from Upright. The largest negative impact of B&g Foods in category "Physical diseases" seems to be driven mostly by its "Non-dairy sweet baked goods", "Jams and jellies", "Saccharin", "Aspartame", "Syrups", and "Dairy-based chocolate-containing baked goods" products. See details.
Environmental Sustainability
The Environmental Impact score for B&G Foods is -3.45.

3.1

News and Social Media Coverage

News Sentiment
B&G Foods has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for B&G Foods this week, compared to 3 articles on an average week.
Search Interest
15 people have searched for BGS on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added B&G Foods to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, B&G Foods insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $790.00 in company stock.
Percentage Held by Insiders
Only 3.20% of the stock of B&G Foods is held by insiders.
Percentage Held by Institutions
66.15% of the stock of B&G Foods is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for B&G Foods are expected to grow by 8.43% in the coming year, from $0.83 to $0.90 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of B&G Foods is -12.07, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of B&G Foods is -12.07, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
B&G Foods has a P/B Ratio of 1.00. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About B&G Foods Stock (NYSE:BGS)

B&G Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, crackers, baking powder and soda, corn starch, nut clusters, and other specialty products. It markets its products under various brands, including Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary's, Clabber Girl, Cream of Rice, Cream of Wheat, Crisco, Dash, Davis, Devonsheer, Don Pepino, Durkee, Grandma's Molasses, Green Giant, Joan of Arc, Las Palmas, Le Sueur, MacDonald's, Mama Mary's, Maple Grove Farms of Vermont, McCann's, Molly McButter, New York Flatbreads, New York Style, Old London, Ortega, Polaner, Red Devil, Regina, Rumford, Sa-són, Sclafani, Spice Islands, Spring Tree, Sugar Twin, Tone's, Trappey's, TrueNorth, Underwood, Vermont Maid, Victoria, Weber, and Wright's. The company also sells, markets, and distributes household products under the Static Guard brand. It sells and distributes its products directly, as well as through a network of independent brokers and distributors to supermarket chains, foodservice outlets, mass merchants, warehouse clubs, non-food outlets, and specialty distributors. The company was formerly known as B&G Foods Holdings Corp. and changed its name to B&G Foods, Inc. in October 2004. B&G Foods, Inc. was founded in 1822 and is headquartered in Parsippany, New Jersey.

BGS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BGS Stock News Headlines

April 17, 2024 | businesswire.com

B&G Foods Announces Date of First Quarter 2024 Earnings Conference Call

April 17, 2024 | americanbankingnews.com

Contrasting Oxus Acquisition (NASDAQ:OXUS) and B&G Foods (NYSE:BGS)

April 17, 2024 | The Bull Report (Ad)

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The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.

April 17, 2024 | seekingalpha.com

B&G Foods: Hold, Weak Fundamentals, And Technicals Require Patience

April 11, 2024 | markets.businessinsider.com

RBC Capital Keeps Their Hold Rating on B&G Foods (BGS)

March 23, 2024 | finance.yahoo.com

Don't Race Out To Buy B&G Foods, Inc. (NYSE:BGS) Just Because It's Going Ex-Dividend

March 16, 2024 | ca.finance.yahoo.com

BGS Apr 2024 12.000 put

March 4, 2024 | msn.com

B&G Foods (NYSE:BGS): Surprising Results Drive Stock Up, Analysts Seem Unimpressed

April 17, 2024 | The Bull Report (Ad)

Healthcare Takes A Big Step Forward With The Help Of AI

The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.

March 4, 2024 | finance.yahoo.com

B&G Foods (NYSE:BGS) Has Affirmed Its Dividend Of $0.19

March 2, 2024 | finance.yahoo.com

B&G Foods, Inc. (NYSE:BGS) Q4 2023 Earnings Call Transcript

March 1, 2024 | fool.com

Why B&G Foods Stock Popped This Week

February 29, 2024 | seekingalpha.com

B&G Foods, Inc. (BGS) Q4 2023 Earnings Call Transcript

February 29, 2024 | markets.businessinsider.com

B&G Foods Sell Rating: Overly Optimistic Projections Amidst Intense Market Competition

February 28, 2024 | marketwatch.com

B&G Foods Up 19% After Reporting Improved Margins in 4Q

February 28, 2024 | finance.yahoo.com

Why B&G Foods (BGS) Stock Is Up Today

February 28, 2024 | finance.yahoo.com

Q4 2023 B&G Foods Inc Earnings Call

February 27, 2024 | benzinga.com

Recap: B&G Foods Q4 Earnings

February 27, 2024 | finance.yahoo.com

B&G Foods: Q4 Earnings Snapshot

February 27, 2024 | msn.com

B&G Foods Non-GAAP EPS of $0.30 in-line, revenue of $578.1M beats by $6.45M

February 27, 2024 | finance.yahoo.com

B&G Foods Inc (BGS) Reports Mixed Fiscal 2023 Results Amidst Strategic Divestitures

February 27, 2024 | investing.com

B&G Foods (NYSE:BGS) Exceeds Q4 Expectations

February 27, 2024 | businesswire.com

B&G Foods Reports Financial Results for Fourth Quarter and Full Year 2023

February 27, 2024 | finance.yahoo.com

With 66% ownership, B&G Foods, Inc. (NYSE:BGS) boasts of strong institutional backing

February 26, 2024 | finance.yahoo.com

B&G Foods Declares Regular Quarterly Dividend

February 26, 2024 | businesswire.com

B&G Foods Declares Regular Quarterly Dividend

February 26, 2024 | markets.businessinsider.com

B&G Foods is about to announce its earnings — here's what Wall Street expects

See More Headlines

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Company Calendar

Ex-Dividend for 1/30 Dividend: 12/28/2023
Dividend Payable: 1/30/2024
Last Earnings: 2/27/2024
Ex-Dividend for 4/30 Dividend: 3/27/2024
Today: 4/17/2024
Dividend Payable: 4/30/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Consumer Staples
Industry: Food & kindred products
Sub-Industry: Packaged Foods & Meats
Current Symbol: NYSE:BGS
CUSIP: 05508R10
CIK: 1278027
Web: www.bgfoods.com
Phone: (973) 401-6500
Fax: 973-401-6543
Employees: 2,912
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $9.50
High Stock Price Target: $10.00
Low Stock Price Target: $9.00
Potential Upside/Downside: -10.5%
Consensus Rating: Sell
Rating Score (0-4): 1.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.88)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 12.80
P/E Growth: N/A
Net Income: $-66,200,000.00
Net Margins: -3.21%
Pretax Margin: -3.26%
Return on Equity: 8.68%
Return on Assets: 1.98%

Debt

Debt-to-Equity Ratio: 2.42
Current Ratio: 3.06
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $2.06 billion
Price / Sales: 0.41
Cash Flow: $2.41 per share
Price / Cash Flow: 4.41
Book Value: $10.63 per share
Price / Book: 1.00

Miscellaneous

Outstanding Shares: 79,050,000
Free Float: 76,521,000
Market Cap: $839.51 million
Optionable: Optionable
Beta: 0.71

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Key Executives

Mr. Kenneth Charles Keller Jr. (Age 62)
President, CEO & Director
Comp: $1.11M
Mr. Bruce C. Wacha (Age 52)
CFO & Executive VP of Finance
Comp: $535.67k
Mr. Scott E. Lerner (Age 51)
Executive VP, General Counsel, Secretary & Chief Compliance Officer
Comp: $546.06k
Mr. Jordan E. Greenberg (Age 56)
Executive VP and President of Spices & Flavor Solutions
Comp: $436.35k
Ms. Ellen M. Schum (Age 58)
Executive VP & President of Specialty
Comp: $436.35k
Mr. Michael D. Adasczik (Age 50)
VP of Finance & Chief Accounting Officer
Mr. Eric H. Hart (Age 57)
Executive VP of Human Resources & Chief Human Resources Officer
Ms. Tessie Gallagher
Senior Vice President of Field Sales
Ms. Kristen Thompson (Age 46)
Senior VP & President of Frozen and Vegetables
Mr. Marty Schoch
Senior Vice President of Supply Chain

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BGS Stock Analysis - Frequently Asked Questions

Should I buy or sell B&G Foods stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for B&G Foods in the last year. There are currently 2 sell ratings and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" BGS shares.
View BGS analyst ratings or view top-rated stocks.
What is B&G Foods' stock price target for 2024?: 3 brokers have issued 12 month price objectives for B&G Foods' shares. Their BGS share price targets range from $9.00 to $10.00. On average, they anticipate the company's share price to reach $9.50 in the next year. This suggests that the stock has a possible downside of 10.5%.
View analysts price targets for BGS or view top-rated stocks among Wall Street analysts.
How have BGS shares performed in 2024?: B&G Foods' stock was trading at $10.50 at the start of the year. Since then, BGS stock has increased by 1.1% and is now trading at $10.62.
View the best growth stocks for 2024 here.
When is B&G Foods' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our BGS earnings forecast.
How were B&G Foods' earnings last quarter?: B&G Foods, Inc. (NYSE:BGS) posted its earnings results on Tuesday, February, 27th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.02. The firm earned $578.13 million during the quarter, compared to analysts' expectations of $569.65 million. B&G Foods had a positive trailing twelve-month return on equity of 8.68% and a negative net margin of 3.21%. The business's quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS.
How often does B&G Foods pay dividends? What is the dividend yield for B&G Foods?: B&G Foods declared a quarterly dividend on Monday, February 26th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.19 per share on Tuesday, April 30th. This represents a $0.76 annualized dividend and a dividend yield of 7.16%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for BGS.
Is B&G Foods a good dividend stock?: B&G Foods (NYSE:BGS) pays an annual dividend of $0.76 per share and currently has a dividend yield of 7.12%. BGS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for BGS.

What ETFs hold B&G Foods' stock?: ETFs with the largest weight of B&G Foods (NYSE:BGS) stock in their portfolio include Invesco S&P SmallCap Consumer Staples ETF (PSCC).Invesco S&P SmallCap 600 Pure Value ETF (RZV).
What guidance has B&G Foods issued on next quarter's earnings?: B&G Foods issued an update on its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (EPS) guidance of 0.800-1.000 for the period, compared to the consensus EPS estimate of 0.850. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion.
What is David L. Wenner's approval rating as B&G Foods' CEO?: 15 employees have rated B&G Foods Chief Executive Officer David L. Wenner on Glassdoor.com. David L. Wenner has an approval rating of 41% among the company's employees. This puts David L. Wenner in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of B&G Foods own?: Based on aggregate information from My MarketBeat watchlists, some companies that other B&G Foods investors own include AT&T (T), Cisco Systems (CSCO), AbbVie (ABBV), Pfizer (PFE), Verizon Communications (VZ), Intel (INTC), General Electric (GE), Johnson & Johnson (JNJ), Bank of America (BAC) and Bristol-Myers Squibb (BMY).
Who are B&G Foods' major shareholders?: B&G Foods' stock is owned by many different institutional and retail investors. Top institutional investors include Gilman Hill Asset Management LLC (0.74%) and GAMMA Investing LLC (0.01%). Insiders that own company stock include Alfred Poe, Bruce C Wacha, David L Wenner, Ellen M Schum and Jordan E Greenberg.
View institutional ownership trends.
How do I buy shares of B&G Foods?: Shares of BGS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BGS) was last updated on 4/17/2024 by MarketBeat.com Staff

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B&G Foods (BGS) Stock Price, News & Analysis

B&G Foods MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About B&G Foods Stock (NYSE:BGS)

BGS Stock Price History

BGS Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

BGS Stock Analysis - Frequently Asked Questions

Overall MarketRank^™