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

B&G Foods, Inc. (NYSE:BGS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.40 and traded as high as $4.44. B&G Foods shares last traded at $4.4250, with a volume of 1,789,473 shares trading hands.

Analyst Upgrades and Downgrades

BGS has been the topic of several recent analyst reports. TD Cowen boosted their price target on B&G Foods from $3.00 to $3.50 and gave the stock a “sell” rating in a research report on Friday, January 16th. Zacks Research upgraded shares of B&G Foods from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of B&G Foods in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $4.38.

B&G Foods Price Performance

The firm has a market capitalization of $353.91 million, a price-to-earnings ratio of -1.40 and a beta of 0.40. The business has a fifty day moving average of $4.45 and a two-hundred day moving average of $4.40. The company has a debt-to-equity ratio of 4.29, a quick ratio of 1.30 and a current ratio of 3.20.

B&G Foods (NYSE:BGS) last announced its earnings results on Wednesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate 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 business had revenue of $439.30 million during the quarter, compared to the consensus estimate of $435.47 million. During the same quarter in the previous year, the firm posted $0.13 EPS. B&G Foods’s 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. As a group, research analysts predict that B&G Foods, Inc. will post 0.7 EPS for the current fiscal year.

B&G Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 17.2%. The ex-dividend date of this dividend is Wednesday, December 31st. B&G Foods’s dividend payout ratio (DPR) is presently -24.05%.

Insider Buying and Selling

In other B&G Foods news, Director Dennis M. Mullen sold 18,795 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $4.50, for a total value of $84,577.50. Following the transaction, the director directly owned 83,956 shares of the company’s stock, valued at $377,802. This represents a 18.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On B&G Foods

A number of institutional investors have recently modified their holdings of the business. Investors Asset Management of Georgia Inc. GA ADV grew its stake in shares of B&G Foods by 3.9% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 63,628 shares of the company’s stock valued at $282,000 after acquiring an additional 2,379 shares in the last quarter. Allworth Financial LP raised its stake in B&G Foods by 49.5% during the third quarter. Allworth Financial LP now owns 7,891 shares of the company’s stock worth $35,000 after acquiring an additional 2,612 shares in the last quarter. Savant Capital LLC lifted its stake in B&G Foods by 10.3% in the 3rd quarter. Savant Capital LLC now owns 29,913 shares of the company’s stock valued at $133,000 after purchasing an additional 2,792 shares during the last quarter. Signaturefd LLC lifted its stake in shares of B&G Foods by 48.7% in the 2nd quarter. Signaturefd LLC now owns 10,036 shares of the company’s stock valued at $42,000 after acquiring an additional 3,288 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in B&G Foods by 7.9% in the second quarter. State of Alaska Department of Revenue now owns 47,329 shares of the company’s stock valued at $199,000 after purchasing an additional 3,465 shares during the last quarter. Institutional investors own 66.15% of the company’s stock.

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.