As of Thursday close, B&G Foods Inc.’s (NYSE:BGS) stock was up $0.21, moving up 2.02 percent to $10.61. The average number of shares traded per day over the past five days has been 1,436,720 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.49 fall in that time frame. In the last twenty days, the average volume was 1,371,580, while in the previous 50 days, it was 1,094,270.
Since last month, BGS stock retreated -12.53%. Shares of the company fell to $9.90 on 09/13/23, the lowest level in the past month. A 52-week high of $18.34 was reached on 05/01/23 after having rallying from a 52-week low of $9.90. Since the beginning of this year, BGS’s stock price has dropped by -4.84% or -$0.54, and marked a new high 14 times. However, the stock has declined by -42.15% 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 100 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 0.50. Besides these, the trailing price-to-sales (P/S) ratio of 0.38, the price-to-book (PB) ratio of 0.88, and the price-to-cash flow ratio of 8.27 may also be considered.
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 4.00, 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 2.59, and the total debt-to-equity ratio was 2.59. On the profitability front, the trailing twelve-month gross margin is 21.00% percent. In the year ended June 29, EBITDA margin amounted to 13.24%, whereas operating margins totaled 5.90%. 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 -2.50%.
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 -1.96% to $511.24 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 $71.97 million in EBITDA. The liabilities of B&G Foods Inc. were 2.85 billion at the end of its most recent quarter ended June 29, and its total debt was $2.31 billion. The value of shareholders’ equity is $72.29 million.
Technical Picture
This quick technical analysis looks at B&G Foods Inc.’s (BGS) price momentum. With a historical volatility rate of 42.93%, the RSI 9-day stood at 36.22% on 21 September.
With respect to its five-day moving average, the current B&G Foods Inc. price is down by -4.41% percent or -$0.49. At present, BGS shares trade -12.31% below its 20-day simple moving average and -33.85% percent below its 100-day simple moving average. However, the stock is currently trading approximately -20.05% below its SMA50 and -18.32% below its SMA200.
Stochastic coefficient K was 15.25% and Stochastic coefficient D was 15.05%, while ATR was 0.48. Given the Stochastic reading of 22.40% for the 14-day period, the RSI (14) reading has been calculated as 35.53%. As of today, the MACD Oscillator reading stands at -0.29, while the 14-day reading stands at -0.69.
Analyst Ratings
TD Cowen launched its rating on B&G Foods Inc. (NYSE: BGS) to an Underperform in a note to investors on September 13, 2023. B&G Foods Inc. (BGS) has been rated Underweight by analysts. According to 2 brokerage firms, 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 $14.00, the current consensus forecast for the stock is $9.50 – $16.00. Based on these forecasts, analysts predict B&G Foods Inc. (BGS) will achieve an average price target of $13.79.
