At the last check on Friday, B&G Foods Inc.’s (NYSE:BGS) stock was up $1.44, moving up 10.84 percent to $14.72. The average number of shares traded per day over the past five days has been 1,032,212 shares. 3 times new highs have been achieved over the past 5 days, with a $1.79 gain in that time frame. In the last twenty days, the average volume was 746,528, while in the previous 50 days, it was 728,507.
Since last month, BGS stock rose 6.36%. Shares of the company fell to $12.66 on 08/02/23, the lowest level in the past month. A 52-week high of $24.92 was reached on 05/01/23 after having rallying from a 52-week low of $10.91. Since the beginning of this year, BGS’s stock price has risen by 32.02% or $3.56, and marked a new high 14 times. However, the stock has declined by -40.94% since its 52-week high.
BGS stock investors should be aware that B&G Foods Inc. (BGS) stock had its last reported insider trading activity 51 days ago on Jun 14. Greenberg Jordan E, the EVP & PRES OF SPICES & FLAVOR of the company, disposed of 13,000 shares for $13.45 on Jun 14. It resulted in a $174,882 divestment by the insider. Wacha Bruce C sold 12,500 shares at an average price of $14.81 on Mar 10. The insider now owns 46,491 shares following the transaction. On Nov 14, Director Wenner David L bought 20,000 shares at $14.01 apiece. The transaction was valued at $280,294.
Valuation Metrics
The stock’s beta is 0.47. Besides these, the trailing price-to-sales (P/S) ratio of 0.53, the price-to-book (PB) ratio of 1.23.
The latest dividend of $0.19 per share was paid out, remained unchanged from last year’s $0.19. On Wednesday November 9 2022, a $0.2850 dividend decrease was announced.
Financial Health
In the three months ended June 29, B&G Foods Inc.’s quick ratio stood at 1.00, while its current ratio was 4.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.65, and the total debt-to-equity ratio was 2.65. On the profitability front, the trailing twelve-month gross margin is 19.70% percent. In the year ended June 29, EBITDA margin amounted to 13.24%, whereas operating margins totaled 4.90%. Based on annual data, BGS earned $409.62 million in gross profit and brought in $2.16 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.30%. Return on equity (ROE) for the past 12 months was -3.60%.
In B&G Foods Inc.’s quarter-end financial report for June 29, it reported total debt of $2.25 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BGS’s revenue fell -2.06% to $511.81 million during the quarter, while net income inched up to $469.28 million. While analysts expected B&G Foods Inc. to report $0.09 quarterly earnings, the actual figure was $0.15 per share, beating the consensus estimate by 66.70%. During the quarter, the company generated $88.3 million in EBITDA. The liabilities of B&G Foods Inc. were 2.89 billion at the end of its most recent quarter ended June 29, and its total debt was $2.35 billion. The value of shareholders’ equity is $72.21 million.
Technical Picture
This quick technical analysis looks at B&G Foods Inc.’s (BGS) price momentum. With a historical volatility rate of 69.34%, the RSI 9-day stood at 67.66% on 03 August.
With respect to its five-day moving average, the current B&G Foods Inc. price is up by +13.85% percent or $1.79. At present, BGS shares trade +6.83% above its 20-day simple moving average and +1.17% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.00% above its SMA50 and -0.61% below its SMA200.
Stochastic coefficient K was 46.27% and Stochastic coefficient D was 31.67%, while ATR was 0.61. Given the Stochastic reading of 82.33% for the 14-day period, the RSI (14) reading has been calculated as 62.57%. As of today, the MACD Oscillator reading stands at 0.11, while the 14-day reading stands at 0.05.
Analyst Ratings
B&G Foods Inc. downgraded its rating on B&G Foods Inc. (NYSE: BGS) to an Underweight in a note to investors on December 01, 2022. The analysts firm previously had an Equal weight rating on the stock.B&G Foods Inc. (BGS) has been rated Hold by analysts. According to 1 brokerage firm, BGS is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate B&G Foods Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $15.00, the current consensus forecast for the stock is $12.00 – $16.00. Based on these forecasts, analysts predict B&G Foods Inc. (BGS) will achieve an average price target of $14.67.
