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PFE   32.37 (-1.85%)
PYPL   58.93 (+0.12%)
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NYSE:BGS

B&G Foods (BGS) Stock Forecast, Price & News

$10.19
-0.13 (-1.26%)
(As of 09/26/2023 ET)
Compare
Today's Range
$10.11
▼
$10.44
50-Day Range
$10.15
▼
$14.35
52-Week Range
$9.90
▼
$18.35
Volume
898,795 shs
Average Volume
1.01 million shs
Market Capitalization
$736.64 million
P/E Ratio
N/A
Dividend Yield
7.46%
Price Target
$12.86
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

B&G Foods MarketRank™ Forecast

Analyst Rating
Reduce
1.57 Rating Score
Upside/​Downside
26.3% Upside
$12.86 Price Target
Short Interest
Bearish
13.14% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.37
Upright™ Environmental Score
News Sentiment
0.08mentions of B&G Foods in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.91%
From $1.03 to $1.06 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.94 out of 5 stars

Consumer Staples Sector

119th out of 133 stocks

Food & Kindred Products Industry

13th out of 16 stocks

See Top Rated MarketRank™ Stocks Here

BGS stock logo

About B&G Foods (NYSE:BGS) Stock

B&G Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, baking powder and soda, cookies and crackers, corn starch, nut clusters, and other specialty products. It markets its products under various brands, including Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary's, Clabber Girl, Cream of Rice, Cream of Wheat, Crisco, Dash, Davis, Devonsheer, Don Pepino, Durkee, Emeril's, Grandma's Molasses, Green Giant, Joan of Arc, Las Palmas, Le Sueur, MacDonald's, Mama Mary's, Maple Grove Farms of Vermont, McCann's, Molly McButter, New York Flatbreads, New York Style, Old London, Ortega, Polaner, Red Devil, Regina, Rumford, Sa-són, Sclafani, Spice Islands, Spring Tree, Sugar Twin, Tone's, Trappey's, TrueNorth, Underwood, Vermont Maid, Victoria, and Weber and Wright's. The company also sells, markets, and distributes household products under the Static Guard brand. It sells and distributes its products directly, as well as through a network of independent brokers and distributors to supermarket chains, foodservice outlets, mass merchants, warehouse clubs, non-food outlets, and specialty distributors. The company was formerly known as B&G Foods Holdings Corp. and changed its name to B&G Foods, Inc. in October 2004. B&G Foods, Inc. was founded in 1822 and is headquartered in Parsippany, New Jersey.

BGS Price History

BGS Stock News Headlines

September 21, 2023 | marketbeat.com
Analysts Say to Sell These 6.3%-12.6% Dividends, But…
September 26, 2023 | finance.yahoo.com
B&G Foods Closes $550.0 Million Private Offering of Senior Secured Notes
September 26, 2023 | Micro-Cap Stock Trader (Ad)
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
September 20, 2023 | finance.yahoo.com
B&G Foods, Inc.'s (NYSE:BGS) latest 8.1% decline adds to one-year losses, institutional investors may consider drastic measures
September 20, 2023 | americanbankingnews.com
B&G Foods (NYSE:BGS) Price Target Cut to $9.50 by Analysts at TD Cowen
September 17, 2023 | americanbankingnews.com
Contrasting B&G Foods (NYSE:BGS) & Chanson International (NASDAQ:CHSN)
September 13, 2023 | markets.businessinsider.com
B&G Foods Drops 6% After Pricing Notes Offering
September 13, 2023 | finance.yahoo.com
Why B&G Foods Stock Dropped Today
September 26, 2023 | Micro-Cap Stock Trader (Ad)
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
September 13, 2023 | msn.com
B&G Foods down 1,3%, prices $550M upsized senior notes
September 12, 2023 | finance.yahoo.com
B&G Foods Announces Pricing and Upsizing of Offering of Senior Secured Notes
September 12, 2023 | markets.businessinsider.com
B&G Foods To Offer $500 Mln Of Senior Secured Notes
September 12, 2023 | msn.com
B&G Foods proposes $500M senior notes offering
September 12, 2023 | finance.yahoo.com
B&G Foods Announces Proposed Offering of $500 Million of Senior Secured Notes
September 6, 2023 | finance.yahoo.com
Top 25 Spice Producing Countries in the World
August 22, 2023 | msn.com
Winners and losers from the latest food scanner data
August 21, 2023 | seekingalpha.com
B&G Foods: Slight Margin Improvements But Future Growth Remains A Concern
August 17, 2023 | finance.yahoo.com
Flavors From the Bar to the Grill: Fireball™, Buffalo Trace™ and Southern Comfort™-Inspired Seasonings Set to Launch This Month
August 12, 2023 | markets.businessinsider.com
Jefferies Remains a Hold on B&G Foods (BGS)
August 4, 2023 | msn.com
B&G Foods rallies on better-than-expected results, forecasts
August 3, 2023 | msn.com
B&G Foods Non-GAAP EPS of $0.15 beats by $0.05, revenue of $469.6M beats by $4.97M
August 3, 2023 | finance.yahoo.com
B&G Foods Reports Financial Results for Second Quarter 2023
August 3, 2023 | finance.yahoo.com
B&G Foods (BGS) Surpasses Q2 Earnings and Revenue Estimates
July 28, 2023 | msn.com
Piper Sandler Maintains B&G Foods (BGS) Neutral Recommendation
July 28, 2023 | markets.businessinsider.com
Piper Sandler Reaffirms Their Hold Rating on B&G Foods (BGS)
July 21, 2023 | finance.yahoo.com
B&G Foods Announces Date of Second Quarter 2023 Earnings Conference Call
July 7, 2023 | finance.yahoo.com
B&G Foods, Inc.'s (NYSE:BGS) Intrinsic Value Is Potentially 20% Below Its Share Price
See More Headlines
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BGS Company Calendar

Ex-Dividend for 7/31 Dividend
6/29/2023
Dividend Payable
7/31/2023
Last Earnings
8/03/2023
Today
9/26/2023
Ex-Dividend for 10/30 Dividend
9/28/2023
Dividend Payable
10/30/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Food & kindred products
Sub-Industry
Packaged Foods & Meats
Sector
Consumer Staples
Current Symbol
NYSE:BGS
CUSIP
05508R10
CIK
1278027
Web
www.bgfoods.com
Phone
(973) 401-6500
Fax
973-401-6543
Employees
3,085
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$12.86
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$9.00
Forecasted Upside/Downside
+24.0%
Consensus Rating
Reduce
Rating Score (0-4)
1.57
Research Coverage
7 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.29)
Trailing P/E Ratio
N/A
Forward P/E Ratio
10.07
P/E Growth
N/A
Net Income
$-11,370,000.00
Net Margins
-1.00%
Pretax Margin
-0.52%
Return on Equity
9.43%
Return on Assets
2.12%

Debt

Debt-to-Equity Ratio
2.59
Current Ratio
3.96
Quick Ratio
1.04

Sales & Book Value

Annual Sales
$2.16 billion
Price / Sales
0.35
Cash Flow
$2.47 per share
Price / Cash Flow
4.19
Book Value
$12.11 per share
Price / Book
0.86

Miscellaneous

Outstanding Shares
72,290,000
Free Float
70,268,000
Market Cap
$749.65 million
Optionable
Optionable
Beta
0.45
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Key Executives

  • Mr. Kenneth Charles Keller Jr. (Age 61)
    Pres, CEO & Director
    Comp: $1.11M
  • Mr. Bruce C. Wacha (Age 51)
    CFO & Exec. VP of Fin.
    Comp: $535.67k
  • Mr. Scott E. Lerner (Age 50)
    Exec. VP, Gen. Counsel, Sec. & Chief Compliance Officer
    Comp: $546.06k
  • Mr. Jordan E. Greenberg (Age 55)
    Exec. VP and Pres of Spices & Flavor Solutions
    Comp: $436.35k
  • Ms. Ellen M. Schum (Age 57)
    Exec. VP & Pres of Specialty
    Comp: $436.35k
  • Mr. Michael D. Adasczik (Age 49)
    VP of Fin. & Chief Accounting Officer
  • Mr. Eric H. Hart (Age 56)
    Exec. VP of HR & Chief HR Officer
  • Ms. Tessie Gallagher
    Sr. VP of Field Sales
  • Ms. Kristen Thompson (Age 45)
    Sr. VP & Pres of Frozen and Vegetables
  • Mr. Marty Schoch
    Sr. VP of Supply Chain

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













BGS Stock - Frequently Asked Questions

Should I buy or sell B&G Foods stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for B&G Foods in the last year. There are currently 3 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" BGS shares.
View BGS analyst ratings or view top-rated stocks.

What is B&G Foods' stock price forecast for 2023?

7 equities research analysts have issued twelve-month price objectives for B&G Foods' shares. Their BGS share price forecasts range from $9.00 to $16.00. On average, they predict the company's stock price to reach $12.86 in the next twelve months. This suggests a possible upside of 24.0% from the stock's current price.
View analysts price targets for BGS or view top-rated stocks among Wall Street analysts.

How have BGS shares performed in 2023?

B&G Foods' stock was trading at $11.15 at the beginning of the year. Since then, BGS stock has decreased by 7.0% and is now trading at $10.37.
View the best growth stocks for 2023 here.

When is B&G Foods' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our BGS earnings forecast.

How were B&G Foods' earnings last quarter?

B&G Foods, Inc. (NYSE:BGS) posted its earnings results on Thursday, August, 3rd. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.06. The business earned $469.64 million during the quarter, compared to the consensus estimate of $461.03 million. B&G Foods had a positive trailing twelve-month return on equity of 9.43% and a negative net margin of 1.00%.

How often does B&G Foods pay dividends? What is the dividend yield for B&G Foods?

B&G Foods announced a quarterly dividend on Tuesday, August 1st. Shareholders of record on Friday, September 29th will be given a dividend of $0.19 per share on Monday, October 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for BGS.

What ETFs hold B&G Foods' stock?

ETFs with the largest weight of B&G Foods (NYSE:BGS) stock in their portfolio include Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) and Global SuperDividend US ETF (DIV).Invesco S&P SmallCap Consumer Staples ETF (PSCC).

Is B&G Foods a good dividend stock?

B&G Foods (NYSE:BGS) pays an annual dividend of $0.76 per share and currently has a dividend yield of 7.29%. BGS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for BGS.

What guidance has B&G Foods issued on next quarter's earnings?

B&G Foods issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $0.95-$1.15 for the period, compared to the consensus EPS estimate of $1.01. The company issued revenue guidance of $2.11 billion-$2.13 billion, compared to the consensus revenue estimate of $2.11 billion.

What is David L. Wenner's approval rating as B&G Foods' CEO?

15 employees have rated B&G Foods Chief Executive Officer David L. Wenner on Glassdoor.com. David L. Wenner has an approval rating of 41% among the company's employees. This puts David L. Wenner in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of B&G Foods own?

Based on aggregate information from My MarketBeat watchlists, some companies that other B&G Foods investors own include AT&T (T), Cisco Systems (CSCO), AbbVie (ABBV), Pfizer (PFE), Verizon Communications (VZ), Intel (INTC), General Electric (GE), Johnson & Johnson (JNJ), Bank of America (BAC) and Bristol-Myers Squibb (BMY).

What is B&G Foods' stock symbol?

B&G Foods trades on the New York Stock Exchange (NYSE) under the ticker symbol "BGS."

Who are B&G Foods' major shareholders?

B&G Foods' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.02%), State Street Corp (3.85%), Charles Schwab Investment Management Inc. (1.97%), Geode Capital Management LLC (1.96%), Mirae Asset Global Investments Co. Ltd. (1.54%) and Parallax Volatility Advisers L.P. (0.00%). Insiders that own company stock include Alfred Poe, Bruce C Wacha, David L Wenner and Jordan E Greenberg.
View institutional ownership trends.

How do I buy shares of B&G Foods?

Shares of BGS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is B&G Foods' stock price today?

One share of BGS stock can currently be purchased for approximately $10.37.

How much money does B&G Foods make?

B&G Foods (NYSE:BGS) has a market capitalization of $749.65 million and generates $2.16 billion in revenue each year. The company earns $-11,370,000.00 in net income (profit) each year or ($0.29) on an earnings per share basis.

How many employees does B&G Foods have?

The company employs 3,085 workers across the globe.

How can I contact B&G Foods?

B&G Foods' mailing address is FOUR GATEHALL DRIVE SUITE 110, PARSIPPANY NJ, 07054. The official website for the company is www.bgfoods.com. The company can be reached via phone at (973) 401-6500 or via fax at 973-401-6543.

This page (NYSE:BGS) was last updated on 9/26/2023 by MarketBeat.com Staff

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