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

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for B&G Foods in the last year. There are currently 2 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BGS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BGS, but not buy additional shares or sell existing shares.
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6 equities research analysts have issued 1 year price objectives for B&G Foods' shares. Their BGS share price forecasts range from $9.00 to $27.00. On average, they expect the company's stock price to reach $15.75 in the next year. This suggests a possible upside of 21.1% from the stock's current price.
View analysts price targets for BGS or view top-rated stocks among Wall Street analysts.

B&G Foods' stock was trading at $11.15 at the start of the year. Since then, BGS shares have increased by 16.7% and is now trading at $13.01.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our BGS earnings forecast.

B&G Foods, Inc. (NYSE:BGS) released its quarterly earnings data on Thursday, May, 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The company earned $511.81 million during the quarter, compared to the consensus estimate of $528.18 million. B&G Foods had a positive trailing twelve-month return on equity of 8.59% and a negative net margin of 1.48%. B&G Foods's quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 earnings per share.

B&G Foods declared a quarterly dividend on Tuesday, May 16th. Shareholders of record on Friday, June 30th will be given a dividend of $0.19 per share on Monday, July 31st. This represents a $0.76 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date is Thursday, June 29th.
Read our dividend analysis for BGS.

ETFs with the largest weight of B&G Foods (NYSE:BGS) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), Global SuperDividend US ETF (DIV), Invesco S&P SmallCap Consumer Staples ETF (PSCC), Invesco S&P SmallCap 600 Pure Value ETF (RZV), First Trust Small Cap US Equity Select ETF (RNSC), iShares S&P Small-Cap 600 Value ETF (IJS) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).

B&G Foods (NYSE:BGS) pays an annual dividend of $0.76 per share and currently has a dividend yield of 5.84%. 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.

B&G Foods updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $0.95-$1.15 for the period, compared to the consensus estimate of $1.03. The company issued revenue guidance of $2.13 billion-$2.17 billion, compared to the consensus revenue estimate of $2.15 billion.

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.

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).

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

B&G Foods' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.35%), State Street Corp (3.97%), Geode Capital Management LLC (1.89%), Charles Schwab Investment Management Inc. (1.85%), Mirae Asset Global Investments Co. Ltd. (1.55%) and Dimensional Fund Advisors LP (1.16%). Insiders that own company stock include Alfred Poe, Bruce C Wacha and David L Wenner.
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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.
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One share of BGS stock can currently be purchased for approximately $13.01.

B&G Foods (NYSE:BGS) has a market capitalization of $939.45 million and generates $2.16 billion in revenue each year. The company earns $-11,370,000.00 in net income (profit) each year or ($0.44) on an earnings per share basis.

The company employs 3,085 workers across the globe.

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.