An B&G Foods Inc. (BGS) Director Buys 20000.0 Shares


B&G Foods Inc. (NYSE:BGS) finished Wednesday with a subtraction of -$0.25 to close at $11.29, a downside of -2.17 percent. An average of 1,142,120 shares of common stock have been traded in the last five days. There was a fall of -$0.58 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,364,215 shares traded, while the 50-day average volume stands at 1,409,356.

BGS stock has decreased by -12.55% in the last month. The company shares reached their 1-month lowest point of $11.00 on 12/23/22. With the stock rallying to its 52-week high on 01/12/22, shares of the company touched a low of $11.00 and a high of $34.27 in 52 weeks. It has reached a new high 6 times so far this year and lost -63.26% or -$19.44 in price. In spite of this, the price is down -67.06% from the 52-week high.

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Insider Transactions

BGS stock investors should be aware that B&G Foods Inc. (BGS) stock had its last reported insider trading activity 107 days ago on Nov 14.

Valuation Metrics

B&G Foods Inc. (BGS) stock’s beta is 0.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.37, the price-to-book (PB) ratio at 0.96.

The company’s most recent quarterly dividend payment was $0.19 a share, representing a down of -60.0% from $0.4750 last year. Its latest decrease dividend $0.2850 reported on Wednesday November 9 2022.

Financial Health

The quick ratio of B&G Foods Inc. for the three months ended September 29 was 1.00, and the current ratio was 3.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.88 and a total debt to equity ratio of 2.88 for the quarter ending September 29. Its gross profit as reported stood at $436.97 million compared to revenue of $2.06 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, B&G Foods Inc.’s return on assets was -1.00%.

Earnings Surprise

For the three-month period that ended September 29, B&G Foods Inc. had $2.42 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$59.58 million in the quarter, while revenues were grew 134.83%. The analyst consensus anticipated B&G Foods Inc.’s latest quarter earnings to come in at $0.31 per share, but it turned out to be $0.31, a 0.00% surprise. For the quarter, EBITDA amounted to -$24.49 million. Shareholders own equity worth $71.67 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at B&G Foods Inc. (BGS) price momentum. RSI 9-day as of the close on 28 December was 30.25%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.13%.

As of today, BGS’s price is $11.47 -4.89% or -$0.58 from its 5-day moving average. BGS is currently trading -16.49% lower than its 20-day SMA and -51.81% lower than its 100-day SMA. However, the stock’s current price level is -23.72% below the SMA50 and -56.14% below the SMA200.

The stochastic %K and %D were 23.05% and 24.30%, respectively, and the average true range (ATR) was 0.50. With the 14-day stochastic at 13.55% and the average true range at 0.54, the RSI (14) stands at 31.85%. The stock has reached -0.25 on the 9-day MACD Oscillator while the 14-day reading was at -0.55.

Analyst Ratings

Consumer Edge Research downgraded B&G Foods Inc. (NYSE: BGS) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as an Equal weight.


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