B&G Foods (NYSE:BGS) Stock 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 Tuesday . The stock has a two hundred day moving average of $4.42 and traded as high as $4.57. B&G Foods shares last traded at $4.4450, with a volume of 1,203,981 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BGS. Weiss Ratings restated a “sell (d)” rating on shares of B&G Foods in a research note on Monday. 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. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $4.67.

B&G Foods Price Performance

The company has a debt-to-equity ratio of 4.29, a current ratio of 3.20 and a quick ratio of 1.30. The stock’s 50 day simple moving average is $4.50 and its two-hundred day simple moving average is $4.42. The stock has a market cap of $355.51 million, a price-to-earnings ratio of -1.41 and a beta of 0.40.

B&G Foods (NYSE:BGS) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. B&G Foods had a negative net margin of 13.61% and a positive return on equity of 8.50%. The company had revenue of $439.30 million during the quarter, compared to analysts’ expectations of $435.47 million. During the same quarter in the prior year, the company posted $0.13 EPS. The business’s revenue was down 4.7% on a year-over-year basis. B&G Foods has set its FY 2025 guidance at 0.500-0.580 EPS. On average, analysts forecast that B&G Foods, Inc. will post 0.7 earnings per share for the current fiscal year.

B&G Foods Dividend Announcement

The business 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 $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 17.1%. The ex-dividend date is Wednesday, December 31st. B&G Foods’s dividend payout ratio is currently -24.05%.

Insider Activity

In related news, Director Dennis M. Mullen sold 18,795 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $4.50, for a total transaction of $84,577.50. Following the completion of the transaction, the director owned 83,956 shares in the company, valued at $377,802. This trade represents a 18.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BGS. Charles Schwab Investment Management Inc. boosted its stake in shares of B&G Foods by 31.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,340,836 shares of the company’s stock valued at $9,211,000 after purchasing an additional 321,414 shares in the last quarter. Invesco Ltd. lifted its holdings in B&G Foods by 8.1% during the 1st quarter. Invesco Ltd. now owns 1,225,109 shares of the company’s stock valued at $8,416,000 after purchasing an additional 92,275 shares during the last quarter. Nuveen LLC acquired a new position in B&G Foods in the first quarter valued at about $1,750,000. Russell Investments Group Ltd. grew its stake in B&G Foods by 47.5% during the first quarter. Russell Investments Group Ltd. now owns 35,846 shares of the company’s stock worth $245,000 after buying an additional 11,544 shares during the last quarter. Finally, Jump Financial LLC increased its holdings in shares of B&G Foods by 2,050.2% during the first quarter. Jump Financial LLC now owns 335,618 shares of the company’s stock worth $2,306,000 after buying an additional 320,009 shares in the last quarter. 66.15% of the stock is currently owned by institutional investors and hedge funds.

About B&G Foods

B&G Foods, Inc is a packaged foods holding company that develops, markets and distributes a diversified portfolio of branded shelf-stable and frozen food products. Headquartered in Parsippany, New Jersey, the company serves retail and foodservice customers across the United States and Canada. Through its network of manufacturing facilities, third-party co-packers and distribution partners, B&G Foods supplies grocery chains, mass merchandisers, club stores and e-commerce platforms.

The company’s product portfolio spans multiple categories, including vegetables, beans, soups, sauces and condiments, snacks, cereals and refrigerated or frozen offerings.