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

4 Wall Street 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 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.

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 anticipate the company's stock price to reach $22.67 in the next twelve months. This suggests a possible upside of 28.6% 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 stock has decreased by 42.6% and is now trading at $17.63.
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B&G Foods saw a decrease in short interest during the month of August. As of August 15th, there was short interest totaling 10,660,000 shares, a decrease of 7.0% from the July 31st total of 11,460,000 shares. Based on an average daily volume of 967,900 shares, the short-interest ratio is currently 11.0 days.
View B&G Foods' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our BGS earnings forecast.

B&G Foods, Inc. (NYSE:BGS) posted its earnings results on Thursday, August, 4th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.27 by $0.20. The company had revenue of $479 million for 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 firm's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS.

B&G Foods announced 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 dividend on an annualized basis and a yield of 10.78%. The ex-dividend date of this dividend is Thursday, September 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 10.58%. 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.

B&G Foods updated its FY 2022 earnings guidance on Thursday, August, 25th. The company provided 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.

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 many different institutional and retail investors. Top institutional shareholders include State Street Corp (5.22%), Apollo Management Holdings L.P. (0.00%), Victory Capital Management Inc. (1.50%), Northern Trust Corp (1.16%), Kornitzer Capital Management Inc. KS (0.98%) and Advisors Asset Management Inc. (0.79%). 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 $17.63.

B&G Foods (NYSE:BGS) has a market capitalization of $1.26 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.

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.