NYSE:BGS

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

$9.89

+0.19 (+1.96%)

(As of 09/29/2023 ET)

Compare

Today's Range: $9.71
▼
$10.05
50-Day Range: $9.69
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$14.35
52-Week Range: $9.64
▼
$17.18

Volume: 848,504 shs
Average Volume: 1.32 million shs
Market Capitalization: $714.95 million

P/E Ratio: N/A
Dividend Yield: 7.68%
Price Target: $12.86

B&G Foods MarketRank™ Forecast

Analyst Rating: Reduce
1.57 Rating Score
Upside/Downside: 30.0% Upside
$12.86 Price Target
Short Interest: Bearish
12.96% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -3.37
Upright™ Environmental Score
News Sentiment: 0.62
Based on 2 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.

2.11 out of 5 stars

Consumer Staples Sector

93rd out of 136 stocks

Food & Kindred Products Industry

12th out of 15 stocks

2.8

Analyst's Opinion

Consensus Rating
B&G Foods has received a consensus rating of Reduce. The company's average rating score is 1.57, and is based on no buy ratings, 4 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.86, B&G Foods has a forecasted upside of 30.0% from its current price of $9.89.
Amount of Analyst Coverage
B&G Foods has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
12.96% of the outstanding shares of B&G Foods have been sold short.
Short Interest Ratio / Days to Cover
B&G Foods has a short interest ratio ("days to cover") of 9.3.
Change versus previous month
Short interest in B&G Foods has recently decreased by 1.37%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Leadership
B&G Foods is a leading dividend payer. It pays a dividend yield of 7.84%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
B&G Foods does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, B&G Foods will have a dividend payout ratio of 71.70% next year. This indicates that B&G Foods will be able to sustain or increase its dividend.

2.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
B&G Foods has received a 2.77% net impact score from Upright. The largest positive contribution comes from its "Nutrition" impact, which is mostly driven by its "Oat grains", "Wheat grains", "Canned vegetables", and "Rice grains" products. See details.
Environmental Sustainability
The Environmental Impact score for B&G Foods is -3.37.

2.0

News and Social Media Coverage

News Sentiment
B&G Foods has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for B&G Foods this week, compared to 3 articles on an average week.
Search Interest
Only 15 people have searched for BGS on MarketBeat in the last 30 days. This is a decrease of -12% compared to the previous 30 days.
MarketBeat Follows
5 people have added B&G Foods to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, B&G Foods insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.80% of the stock of B&G Foods is held by insiders.
Percentage Held by Institutions
63.15% of the stock of B&G Foods is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for B&G Foods are expected to grow by 2.91% in the coming year, from $1.03 to $1.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of B&G Foods is -34.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of B&G Foods is -34.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
B&G Foods has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

BGS Stock News Headlines

September 21, 2023 | marketbeat.com

Analysts Say to Sell These 6.3%-12.6% Dividends, But…

September 28, 2023 | finance.yahoo.com

Do Options Traders Know Something About B&G Foods (BGS) Stock We Don't?

October 1, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...

September 26, 2023 | finance.yahoo.com

B&G Foods Closes $550.0 Million Private Offering of Senior Secured Notes

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 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 13, 2023 | msn.com

B&G Foods down 1,3%, prices $550M upsized senior notes

October 1, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

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

July 5, 2023 | finance.yahoo.com

B&G Foods (BGS) Benefits From Pricing, Portfolio Strength

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
Ex-Dividend for 10/30 Dividend: 9/28/2023
Today: 10/01/2023
Dividend Payable: 10/30/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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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: +30.0%
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: 9.60
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: 0.33
Cash Flow: $2.54 per share
Price / Cash Flow: 3.90
Book Value: $12.11 per share
Price / Book: 0.82

Miscellaneous

Outstanding Shares: 72,290,000
Free Float: 70,268,000
Market Cap: $714.95 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 research analysts have issued "buy," "hold," and "sell" ratings for B&G Foods in the last twelve months. There are currently 3 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street 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 brokers have issued twelve-month price targets for B&G Foods' stock. 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 year. This suggests a possible upside of 30.0% 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 on January 1st, 2023. Since then, BGS shares have decreased by 11.3% and is now trading at $9.89.
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) announced its earnings results on Thursday, August, 3rd. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.06. The business had revenue of $469.64 million for the quarter, compared to analyst estimates 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 declared a quarterly dividend on Tuesday, August 1st. Stockholders of record on Friday, September 29th will be paid a dividend of $0.19 per share on Monday, October 30th. This represents a $0.76 annualized dividend and a dividend yield of 7.68%. 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 7.84%. 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.

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."
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 $9.89.
How much money does B&G Foods make?: B&G Foods (NYSE:BGS) has a market capitalization of $714.95 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 10/1/2023 by MarketBeat.com Staff

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