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.
View BGS analyst ratings or view top-rated stocks.

6 brokerages have issued 12-month price objectives for B&G Foods' stock. Their BGS share price forecasts range from $9.00 to $27.00. On average, they anticipate the company's stock price to reach $15.70 in the next year. This suggests a possible upside of 18.2% 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 $30.73 at the beginning of the year. Since then, BGS shares have decreased by 56.8% and is now trading at $13.28.
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B&G Foods saw a drop in short interest in 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 daily volume of 1,010,000 shares, the short-interest ratio is currently 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) announced its quarterly earnings results on Thursday, November, 4th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.01. The company had revenue of $514.97 million for 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 firm's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.74 EPS.

B&G Foods declared a quarterly dividend on Wednesday, November 9th. Investors of record on Friday, December 30th will be paid 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 5.72%. 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 14.05%. 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 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 retail and institutional 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.
View institutional ownership trends.

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 $13.28.

B&G Foods (NYSE:BGS) has a market capitalization of $951.78 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.