B&G Foods, Inc. (NYSE:BGS) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• B&G Foods, Inc. has received a consensus recommendation of "Reduce" from five brokerages, with one analyst rating the stock as a sell and four as hold.
• The company's most recent earnings report showed an EPS of $0.04, missing estimates, with a negative net margin of 12.02% and a revenue decrease of 4.5% compared to the previous year.
• B&G Foods declared a quarterly dividend of $0.19, resulting in an annualized yield of 16.9%, despite a payout ratio of -26.86%.

Shares of B&G Foods, Inc. (NYSE:BGS - Get Free Report) have been given a consensus recommendation of "Reduce" by the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $6.10.

A number of equities analysts have commented on the company. Barclays reduced their target price on B&G Foods from $5.00 to $4.00 and set an "equal weight" rating for the company in a report on Tuesday, July 15th. Royal Bank Of Canada reduced their target price on B&G Foods from $6.00 to $5.00 and set a "sector perform" rating for the company in a report on Tuesday, August 5th.

B&G Foods Stock Performance

NYSE BGS opened at $4.51 on Friday. The stock has a 50-day moving average of $4.33 and a 200 day moving average of $5.19. B&G Foods has a twelve month low of $3.67 and a twelve month high of $9.44. The stock has a market capitalization of $360.80 million, a price-to-earnings ratio of -1.59 and a beta of 0.46. The company has a current ratio of 2.93, a quick ratio of 0.89 and a debt-to-equity ratio of 3.96.

B&G Foods (NYSE:BGS - Get Free Report) last announced its 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 firm had revenue of $424.43 million for the quarter, compared to analyst estimates of $427.80 million. During the same period in the previous year, the company earned $0.08 EPS. B&G Foods's revenue 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. Sell-side analysts anticipate that B&G Foods will post 0.7 EPS for the current fiscal year.

B&G Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Tuesday, September 30th will be given a $0.19 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 16.9%. B&G Foods's dividend payout ratio is -26.86%.

Institutional Investors Weigh In On B&G Foods

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in shares of B&G Foods by 1,033.9% in the first quarter. GAMMA Investing LLC now owns 285,517 shares of the company's stock valued at $1,962,000 after purchasing an additional 260,338 shares in the last quarter. Jupiter Asset Management Ltd. grew its position in shares of B&G Foods by 131.6% in the first quarter. Jupiter Asset Management Ltd. now owns 166,199 shares of the company's stock valued at $1,142,000 after purchasing an additional 94,424 shares in the last quarter. Northern Trust Corp grew its position in B&G Foods by 10.0% in the fourth quarter. Northern Trust Corp now owns 872,186 shares of the company's stock worth $6,009,000 after acquiring an additional 79,226 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in B&G Foods by 88.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 32,457 shares of the company's stock worth $223,000 after acquiring an additional 15,263 shares during the period. Finally, Nuveen LLC purchased a new position in B&G Foods in the first quarter worth approximately $1,750,000. 66.15% of the stock is currently owned by hedge funds and other institutional investors.

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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