B&G Foods, Inc. (NYSE:BGS) Given Average Rating of “Reduce” by Analysts

B&G Foods, Inc. (NYSE:BGS) has been assigned a consensus rating of “Reduce” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $6.10.

A number of equities analysts have weighed in on BGS shares. Royal Bank Of Canada decreased their target price on shares of B&G Foods from $6.00 to $5.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 5th. Piper Sandler decreased their target price on shares of B&G Foods from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Finally, Barclays decreased their target price on shares of B&G Foods from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 15th.

B&G Foods Price Performance

BGS stock opened at $4.4150 on Wednesday. B&G Foods has a 1 year low of $3.67 and a 1 year high of $9.44. The company has a market cap of $353.20 million, a P/E ratio of -1.56 and a beta of 0.48. The firm has a 50-day moving average of $4.29 and a 200 day moving average of $5.41. The company has a debt-to-equity ratio of 3.96, a current ratio of 2.93 and a quick ratio of 0.89.

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

B&G Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 17.2%. B&G Foods’s dividend payout ratio (DPR) is currently -26.86%.

Institutional Investors Weigh In On B&G Foods

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of B&G Foods by 28.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,353,557 shares of the company’s stock valued at $23,106,000 after acquiring an additional 744,898 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of B&G Foods by 5.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,384,298 shares of the company’s stock valued at $10,086,000 after acquiring an additional 119,362 shares in the last quarter. Millennium Management LLC increased its position in shares of B&G Foods by 15,131.8% during the first quarter. Millennium Management LLC now owns 1,887,984 shares of the company’s stock valued at $12,970,000 after acquiring an additional 1,875,589 shares in the last quarter. Geode Capital Management LLC increased its position in shares of B&G Foods by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,809,054 shares of the company’s stock valued at $12,468,000 after acquiring an additional 5,646 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of B&G Foods by 31.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,340,836 shares of the company’s stock valued at $9,211,000 after acquiring an additional 321,414 shares in the last quarter. Institutional investors own 66.15% of the company’s stock.

About B&G Foods

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.