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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for B&G Foods in the last year. There are currently 1 sell rating 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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5 brokerages have issued twelve-month price targets for B&G Foods' stock. Their BGS share price forecasts range from $12.50 to $27.00. On average, they predict the company's share price to reach $17.38 in the next year. This suggests a possible upside of 28.5% from the stock's current price.
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B&G Foods' stock was trading at $30.73 at the start of the year. Since then, BGS stock has decreased by 56.0% and is now trading at $13.52.
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B&G Foods saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 11,260,000 shares, a drop of 10.6% from the October 15th total of 12,590,000 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 11.1 days.
View B&G Foods' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our BGS earnings forecast.

B&G Foods, Inc. (NYSE:BGS) released its quarterly earnings results on Thursday, November, 4th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by $0.01. The company earned $514.97 million during the quarter, compared to analyst estimates of $495.36 million. B&G Foods had a negative net margin of 1.92% and a positive trailing twelve-month return on equity of 8.55%. The company's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.74 earnings per share.

B&G Foods declared a quarterly dividend on Wednesday, November 9th. Stockholders of record on Friday, December 30th will be given a dividend of $0.19 per share on Monday, January 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for BGS.

B&G Foods (NYSE:BGS) pays an annual dividend of $1.90 per share and currently has a dividend yield of 14.72%. 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 FY22 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of $0.90-1.00 for the period, compared to the consensus EPS estimate of $1.07. The company issued revenue guidance of $2.10-2.14 billion, compared to the consensus revenue estimate of $2.13 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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.72%), Vanguard Group Inc. (11.92%), State Street Corp (5.34%), Bank of New York Mellon Corp (1.87%), Victory Capital Management Inc. (1.54%) and Dimensional Fund Advisors LP (1.41%). 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 $13.52.

B&G Foods (NYSE:BGS) has a market capitalization of $968.98 million and generates $2.06 billion in revenue each year. The company earns $67.36 million in net income (profit) each year or ($0.56) on an earnings per share basis.

The company employs 2,847 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.