NYSE:BGS

B&G Foods - BGS Stock Forecast, Price & News

$16.47

+0.01 (+0.06%)

(As of 10/4/2022 12:00 AM ET)

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Today's Range: $16.39
▼
$16.87
50-Day Range: $16.46
▼
$25.64
52-Week Range: $15.93
▼
$34.27

Volume: 959,310 shs
Average Volume: 1.04 million shs
Market Capitalization: $1.18 billion

P/E Ratio: 27.92
Dividend Yield: 11.54%
Price Target: $22.67

B&G Foods MarketRank™ Forecast

Analyst Rating: Hold
1.75 Rating Score
Upside/Downside: 37.6% Upside
$22.67 Price Target
Short Interest: Bearish
15.06% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.64
Upright™ Environmental Score
News Sentiment: 0.51
Based on 2 Articles This Week
Insider Trading: Selling Shares
$286,658 Sold Last Quarter
Proj. Earnings Growth: 43.36%
From $1.13 to $1.62 Per Share

Overall MarketRank^™

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

2.32 out of 5 stars

Consumer Staples Sector

87th out of 146 stocks

Food & Kindred Products Industry

12th out of 16 stocks

2.9

Analyst's Opinion

Consensus Rating
B&G Foods has received a consensus rating of Hold. The company's average rating score is 1.75, and is based on no buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $22.67, B&G Foods has a forecasted upside of 37.6% from its current price of $16.47.
Amount of Analyst Coverage
B&G Foods has only been the subject of 3 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
15.06% 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 12.1, which indicates bearish sentiment.
Change versus previous month
Short interest in B&G Foods has recently increased by 2.47%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Leadership
B&G Foods is a leading dividend payer. It pays a dividend yield of 11.54%, 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 Coverage
The dividend payout ratio of B&G Foods is 322.03%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, B&G Foods will have a dividend payout ratio of 117.28% in the coming year. This indicates that B&G Foods may not be able to sustain their current dividend.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
B&G Foods has received a 24.36% 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", "Prepared oat meal", and "Rice grains" products. See details.
Environmental Sustainability
The Environmental Impact score for B&G Foods is -1.64.

2.5

News and Social Media Coverage

News Sentiment
B&G Foods has a news sentiment score of 0.51. 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 1 article on an average week.
Search Interest
30 people have searched for BGS on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.
MarketBeat Follows
Only 6 people have added B&G Foods to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, B&G Foods insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $286,658.00 in company stock.
Percentage Held by Insiders
Only 2.70% of the stock of B&G Foods is held by insiders.
Percentage Held by Institutions
66.73% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for B&G Foods are expected to grow by 43.36% in the coming year, from $1.13 to $1.62 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of B&G Foods is 27.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.55.
Price to Earnings Ratio vs. Sector
The P/E ratio of B&G Foods is 27.92, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 12.97.
Price to Book Value per Share Ratio
B&G Foods has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued 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, corn starch, cookies and crackers, nut clusters, and other specialty products. It markets its products under various brands, including Ac'cent, B&G, B&M, Back to Nature, 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.

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BGS Stock News Headlines

October 3, 2022 | finance.yahoo.com

B&G Foods Appoints Andrew Vogel as Executive Vice President and President of Meals

September 28, 2022 | americanbankingnews.com

B&G Foods, Inc. (NYSE:BGS) Plans Quarterly Dividend of $0.48

September 25, 2022 | americanbankingnews.com

B&G Foods (NYSE:BGS) Sets New 1-Year Low at $17.69

September 13, 2022 | finance.yahoo.com

Are Options Traders Betting on a Big Move in B&G Foods (BGS) Stock?

September 6, 2022 | finance.yahoo.com

B&G Foods (BGS) Looks Troubled: High Input Cost a Key Concern

August 15, 2022 | finance.yahoo.com

General Mills (GIS) Accelerate Strategy Solid, Costs Inflated

August 5, 2022 | finance.yahoo.com

Why B&G Foods Stock Fell 13% at the Open Today

August 3, 2022 | finance.yahoo.com

B&G Foods (BGS) to Post Q2 Earnings: What's in the Cards?

July 20, 2022 | morningstar.com

B&G Foods Inc - Stock Financials BGS

June 29, 2022 | nasdaq.com

BGS Breaks Above 8% Yield Territory

June 14, 2022 | seekingalpha.com

B&G Foods upgraded at Piper Sandler as downside risk is diminished

June 2, 2022 | nasdaq.com

Notable Thursday Option Activity: COST, BGS, COOP

May 17, 2022 | nasdaq.com

Notable Tuesday Option Activity: GS, PANW, BGS

May 11, 2022 | finance.yahoo.com

Should B&G Foods, Inc. (NYSE:BGS) Focus On Improving This Fundamental Metric?

May 9, 2022 | finance.yahoo.com

New Strong Sell Stocks for May 9th

May 6, 2022 | nasdaq.com

B&G Foods (BGS) Q1 Earnings Miss Estimates, EPS View Lowered

May 5, 2022 | seekingalpha.com

B&G Foods acquires Growers Express' frozen vegetable manufacturing operations

May 5, 2022 | apnews.com

B&G Foods Reports Financial Results for First Quarter 2022

May 4, 2022 | benzinga.com

Earnings Preview: B&G Foods

May 2, 2022 | finance.yahoo.com

Ortega® Celebrates Cinco de Mayo with a 'Year of Free Tacos' Sweepstakes

April 22, 2022 | benzinga.com

B&G Foods Announces Date of First Quarter 2022 Earnings Conference Call

April 18, 2022 | finance.yahoo.com

How Much Of B&G Foods, Inc. (NYSE:BGS) Do Institutions Own?

April 2, 2022 | finance.yahoo.com

B&G Foods Issues Voluntary Allergy Alert for Undeclared Egg and Milk in a Limited Number of Boxes of Back to Nature® Cheddalicious® Cheese Flavored Crackers Mistakenly Containing Animal Shaped Crackers

March 21, 2022 | finance.yahoo.com

Cinnamon Toast Crunch™ Creamy Cinnamon Spread Launching This Month

March 18, 2022 | finance.yahoo.com

Mondelez (MDLZ) Well Poised on Brand Strength Amid Cost Woes

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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BGS Company Calendar

Ex-Dividend for 8/1 Dividend: 6/29/2022
Dividend Payable: 8/01/2022
Last Earnings: 8/04/2022
Ex-Dividend for 10/31 Dividend: 9/29/2022
Today: 10/04/2022
Dividend Payable: 10/31/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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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: 2,847
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $22.67
High Stock Price Forecast: $27.00
Low Stock Price Forecast: $20.00
Forecasted Upside/Downside: +37.6%
Consensus Rating: Hold
Rating Score (0-4): 1.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.59
Trailing P/E Ratio: 27.92
Forward P/E Ratio: 14.58
P/E Growth: N/A
Net Income: $67.36 million
Net Margins: 1.90%
Pretax Margin: 2.59%
Return on Equity: 10.12%
Return on Assets: 2.35%

Debt

Debt-to-Equity Ratio: 2.44
Current Ratio: 3.27
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $2.06 billion
Price / Sales: 0.57
Cash Flow: $3.82 per share
Price / Cash Flow: 4.31
Book Value: $14.18 per share
Price / Book: 1.16

Miscellaneous

Outstanding Shares: 71,669,000
Free Float: 69,734,000
Market Cap: $1.18 billion
Optionable: Optionable
Beta: 0.46

Key Executives

Mr. Kenneth Charles Keller Jr. (Age 60)
Pres, CEO & Director
Comp: $1.29M

Mr. Bruce C. Wacha (Age 50)
CFO & Exec. VP of Fin.
Comp: $570.84k

Mr. Scott E. Lerner (Age 49)
Exec. VP, Gen. Counsel, Sec. & Chief Compliance Officer
Comp: $602.22k

Mr. Erich A. Fritz (Age 71)
Exec. VP & Chief Supply Chain Officer
Comp: $509.5k

Mr. Jordan E. Greenberg (Age 54)
Exec. VP and Pres of Spices & Seasonings
Comp: $473.09k

Mr. Michael D. Adasczik (Age 48)
VP of Fin. & Chief Accounting Officer

Mr. Eric H. Hart (Age 55)
Exec. VP of HR & Chief HR Officer

Ms. Ellen M. Schum (Age 56)
Exec. VP & Pres of Specialty

Ms. Tessie Gallagher
Sr. VP of Field Sales

Ms. Kristen Thompson
Sr. VP & Pres of Frozen and Vegetables

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?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for B&G Foods in the last twelve months. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street 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.
View BGS analyst ratings or view top-rated stocks.
What is B&G Foods' stock price forecast for 2022?: 4 analysts have issued 1 year price targets for B&G Foods' stock. Their BGS share price forecasts range from $20.00 to $27.00. On average, they expect the company's share price to reach $22.67 in the next year. This suggests a possible upside of 37.6% 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 2022?: B&G Foods' stock was trading at $30.73 at the beginning of 2022. Since then, BGS shares have decreased by 46.4% and is now trading at $16.47.
View the best growth stocks for 2022 here.
When is B&G Foods' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our BGS earnings forecast.
How were B&G Foods' earnings last quarter?: B&G Foods, Inc. (NYSE:BGS) released its earnings results on Thursday, August, 4th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.27 by $0.20. The company earned $479 million during the quarter, compared to analysts' expectations of $480.51 million. B&G Foods had a trailing twelve-month return on equity of 10.12% and a net margin of 1.90%. The company's revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share.
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 Monday, August 1st. Stockholders of record on Friday, September 30th will be given a dividend of $0.475 per share on Monday, October 31st. This represents a $1.90 annualized dividend and a yield of 11.54%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for BGS.
Is B&G Foods a good dividend stock?: B&G Foods (NYSE:BGS) pays an annual dividend of $1.90 per share and currently has a dividend yield of 11.52%. BGS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 322.03%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, BGS will have a dividend payout ratio of 117.28% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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 2022 earnings guidance on Thursday, August, 25th. The company provided earnings per share (EPS) guidance of $1.08-$1.28 for the period, compared to the consensus earnings per share estimate of $1.62. The company issued revenue guidance of $2.10 billion-$2.14 billion, compared to the consensus revenue estimate of $2.13 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 $16.47.
How much money does B&G Foods make?: B&G Foods (NYSE:BGS) has a market capitalization of $1.18 billion and generates $2.06 billion in revenue each year. The company earns $67.36 million in net income (profit) each year or $0.59 on an earnings per share basis.
How many employees does B&G Foods have?: The company employs 2,847 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 10/4/2022 by MarketBeat.com Staff

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B&G Foods - BGS Stock Forecast, Price & News

B&G Foods MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows