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B&G Foods Stock Price, News & Analysis (NYSE:BGS)

$9.53
-0.33 (-3.35%)
(As of 12/5/2023 ET)
Compare
Today's Range
$9.44
$9.85
50-Day Range
$7.72
$10.19
52-Week Range
$7.20
$16.68
Volume
1.23 million shs
Average Volume
1.08 million shs
Market Capitalization
$749.25 million
P/E Ratio
N/A
Dividend Yield
7.97%
Price Target
$9.17

B&G Foods MarketRank™ Stock Analysis

Analyst Rating
Sell
1.33 Rating Score
Upside/​Downside
3.8% Downside
$9.17 Price Target
Short Interest
Healthy
10.07% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.24
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-11.11%
From $0.99 to $0.88 Per Share

Overall MarketRank

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

1.40 out of 5 stars

Consumer Staples Sector

117th out of 127 stocks

Food & Kindred Products Industry

14th out of 16 stocks


BGS stock logo

About B&G Foods Stock (NYSE:BGS)

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 Stock Price History

BGS Stock News Headlines

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B&G Foods (NYSE:BGS) Will Pay A Dividend Of $0.19
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
Recap: B&G Foods Q3 Earnings
B&G Foods Q3 2023 Earnings Preview
Utz Brands (UTZ) Reports Next Week: What Awaits?
RBC Capital Reaffirms Their Hold Rating on B&G Foods (BGS)
Pricing Actions Aid B&G Foods (BGS), Lower Volumes Ail
Piper Sandler Downgrades B&G Foods (BGS)
B&G Foods Shares Diving Today: What's Going On?
Why B&G Foods Stock Plunged Today
See More Headlines
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Company Calendar

Ex-Dividend for 10/30 Dividend
9/28/2023
Dividend Payable
10/30/2023
Last Earnings
11/08/2023
Today
12/05/2023
Ex-Dividend for 1/30 Dividend
12/28/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/30/2024
Next Earnings (Estimated)
2/27/2024

Industry, Sector and Symbol

Industry
Food & kindred products
Sub-Industry
Packaged Foods & Meats
CUSIP
05508R10
Employees
3,085
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$9.17
High Stock Price Target
$10.00
Low Stock Price Target
$8.00
Potential Upside/Downside
-3.8%
Consensus Rating
Sell
Rating Score (0-4)
1.33
Research Coverage
3 Analysts

Profitability

Net Income
$-11,370,000.00
Pretax Margin
-1.79%

Debt

Sales & Book Value

Annual Sales
$2.16 billion
Cash Flow
$2.49 per share
Book Value
$12.11 per share

Miscellaneous

Free Float
76,423,000
Market Cap
$749.25 million
Optionable
Optionable
Beta
0.57
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Key Executives

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














BGS Stock Analysis - Frequently Asked Questions

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

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for B&G Foods in the last twelve months. There are currently 2 sell ratings and 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" BGS shares.
View BGS analyst ratings
or view top-rated stocks.

What is B&G Foods' stock price target for 2024?

3 equities research analysts have issued 12 month target prices for B&G Foods' stock. Their BGS share price targets range from $8.00 to $10.00. On average, they predict the company's share price to reach $9.17 in the next twelve months. This suggests that the stock has a possible downside of 3.8%.
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 shares have decreased by 14.5% and is now trading at $9.53.
View the best growth stocks for 2023 here
.

Are investors shorting B&G Foods?

B&G Foods saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 7,920,000 shares, a decrease of 7.3% from the October 31st total of 8,540,000 shares. Based on an average daily trading volume, of 1,330,000 shares, the short-interest ratio is currently 6.0 days.
View B&G Foods' Short Interest
.

When is B&G Foods' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our BGS earnings forecast
.

How were B&G Foods' earnings last quarter?

B&G Foods, Inc. (NYSE:BGS) posted its quarterly earnings data on Wednesday, November, 8th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The company had revenue of $502.73 million for the quarter, compared to analyst estimates of $505.34 million. B&G Foods had a negative net margin of 2.11% and a positive trailing twelve-month return on equity of 9.23%. The firm's revenue was down 4.9% compared to the same quarter last year. During the same period last year, the business earned $0.31 earnings per share.

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 Monday, November 13th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.19 per share on Tuesday, January 30th. This represents a $0.76 annualized dividend and a yield of 7.97%. The ex-dividend date of this dividend is Thursday, December 28th.
Read our dividend analysis for BGS
.

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 7.99%. 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 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).

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

B&G Foods updated its fourth quarter earnings guidance on Wednesday, November, 8th. The company provided earnings per share guidance of $0.24-0.44 for the period, compared to the consensus EPS estimate of $0.33. The company issued revenue guidance of $566-586 million, compared to the consensus revenue estimate of $601.74 million.

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).

Who are B&G Foods' major shareholders?

B&G Foods' stock is owned by many different retail and institutional investors. Top institutional investors include Charles Schwab Investment Management Inc. (2.18%), Mirae Asset Global Investments Co. Ltd. (1.61%), Invesco Ltd. (1.38%), Sandler Capital Management (0.00%), Northern Trust Corp (0.98%) and UBS Group AG (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.

This page (NYSE:BGS) was last updated on 12/5/2023 by MarketBeat.com Staff

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