B&G Foods' (BGS) Sell (E+) Rating Reaffirmed at Weiss Ratings

Key Points

• B&G Foods' stock has been reaffirmed with a "sell (e+)" rating by Weiss Ratings, with analysts expressing concern about the company's performance.
• Royal Bank of Canada and Barclays have both reduced their price targets for B&G Foods, with the latter lowering it from $5.00 to $4.00.
• The company's recent quarterly earnings missed expectations, reporting 0.04 EPS against an anticipated 0.07, while revenue dropped by 4.5% year-over-year.

B&G Foods (NYSE:BGS - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

Other analysts have also recently issued reports about the company. Royal Bank Of Canada reduced their price target on B&G Foods from $6.00 to $5.00 and set a "sector perform" rating on the stock in a report on Tuesday, August 5th. Zacks Research raised B&G Foods from a "strong sell" rating to a "hold" rating in a research note on Monday, October 6th. Finally, Barclays dropped their price target on B&G Foods from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $6.10.

B&G Foods Stock Performance

Shares of BGS traded down $0.06 during midday trading on Tuesday, reaching $4.12. 889,198 shares of the stock were exchanged, compared to its average volume of 2,492,727. B&G Foods has a twelve month low of $3.67 and a twelve month high of $8.90. The company has a quick ratio of 0.89, a current ratio of 2.93 and a debt-to-equity ratio of 3.96. The company has a market cap of $329.20 million, a P/E ratio of -1.45 and a beta of 0.44. The stock's 50 day simple moving average is $4.41 and its 200 day simple moving average is $4.79.

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

Institutional Trading of B&G Foods

A number of institutional investors have recently added to or reduced their stakes in BGS. Caitong International Asset Management Co. Ltd raised its holdings in shares of B&G Foods by 3,217.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,043 shares of the company's stock valued at $35,000 after acquiring an additional 4,891 shares in the last quarter. Signaturefd LLC raised its holdings in shares of B&G Foods by 930.2% in the 1st quarter. Signaturefd LLC now owns 6,748 shares of the company's stock valued at $46,000 after acquiring an additional 6,093 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of B&G Foods by 502.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,443 shares of the company's stock valued at $31,000 after acquiring an additional 6,207 shares in the last quarter. CWM LLC raised its holdings in shares of B&G Foods by 61.2% in the 1st quarter. CWM LLC now owns 7,518 shares of the company's stock valued at $52,000 after acquiring an additional 2,855 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new stake in shares of B&G Foods in the 2nd quarter valued at about $35,000. Hedge funds and other 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.

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