B&G Foods (NYSE:BGS) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of B&G Foods, Inc. (NYSE:BGS) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.41 and traded as high as $4.58. B&G Foods shares last traded at $4.4850, with a volume of 1,320,386 shares.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BGS. Weiss Ratings reissued a “sell (d-)” rating on shares of B&G Foods in a research report on Wednesday, November 5th. Zacks Research upgraded shares of B&G Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Royal Bank Of Canada decreased their price objective on shares of B&G Foods from $6.00 to $5.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, B&G Foods has a consensus rating of “Reduce” and a consensus price target of $4.67.

B&G Foods Price Performance

The firm has a fifty day moving average of $4.44 and a two-hundred day moving average of $4.41. 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 company has a market capitalization of $358.70 million, a PE ratio of -1.58 and a beta of 0.43.

B&G Foods (NYSE:BGS) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. B&G Foods had a positive return on equity of 7.16% and a negative net margin of 12.02%.The firm had revenue of $439.30 million during the quarter, compared to analyst estimates of $435.47 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. B&G Foods has set its FY 2025 guidance at 0.500-0.580 EPS. Research analysts anticipate that B&G Foods, Inc. will post 0.7 EPS for the current fiscal year.

B&G Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 16.9%. The ex-dividend date of this dividend is Wednesday, December 31st. B&G Foods’s dividend payout ratio is -24.05%.

Hedge Funds Weigh In On B&G Foods

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas purchased a new position in shares of B&G Foods in the 1st quarter valued at approximately $80,000. Bank of New York Mellon Corp lifted its position in B&G Foods by 14.0% during the 1st quarter. Bank of New York Mellon Corp now owns 789,956 shares of the company’s stock valued at $5,427,000 after acquiring an additional 97,209 shares during the period. CWM LLC boosted its stake in B&G Foods by 61.2% during the first quarter. CWM LLC now owns 7,518 shares of the company’s stock worth $52,000 after acquiring an additional 2,855 shares in the last quarter. Signaturefd LLC increased its stake in shares of B&G Foods by 930.2% during the first quarter. Signaturefd LLC now owns 6,748 shares of the company’s stock valued at $46,000 after purchasing an additional 6,093 shares in the last quarter. Finally, Sigma Planning Corp purchased a new position in shares of B&G Foods during the first quarter valued at approximately $69,000. Hedge funds and other institutional investors own 66.15% of the company’s stock.

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.