B&G Foods Inc (NYSE:BGS) finished Wednesday with a subtraction of -$0.38 to close at $9.80, a downside of -3.73 percent. An average of 1,160,660 shares of common stock have been traded in the last five days. There was a fall of -$0.60 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,353,260 shares traded, while the 50-day average volume stands at 1,140,348.
BGS stock has decreased by -22.53% in the last month. The company shares reached their 1-month lowest point of $9.64 on 09/27/23. With the stock rallying to its 52-week high on 05/01/23, shares of the company touched a low of $9.90 and a high of $17.87 in 52 weeks. It has reached a new high 14 times so far this year and lost -12.11% or -$1.35 in price. In spite of this, the price is down -45.17% 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 106 days ago on Jun 14. In this transaction, the insider spent $174,882. EVP OF FINANCE & CFO, Wacha Bruce C, disposed of 12,500 shares at a price of $14.81 on Mar 10. The insider now owns more than $185,125 worth of shares.
Valuation Metrics
B&G Foods Inc (BGS) stock’s beta is 0.53. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.33, the price-to-book (PB) ratio at 0.82, and the price-to-cash flow ratio at 7.26.
Financial Health
The quick ratio of B&G Foods Inc for the three months ended June 29 was 1.04, and the current ratio was 3.96, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.65 and a total debt to equity ratio of 2.67 for the quarter ending June 29. B&G Foods Inc’s EBITDA margin for the year ending June 29 is 13.24%, while its operating margin for the same period stands at 14.58%. Its gross profit as reported stood at $409.62 million compared to revenue of $2.16 billion.
Earnings Surprise
For the three-month period that ended June 29, B&G Foods Inc had $2.25 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $10.55 million in the quarter, while revenues of $3.42 million were grew 97.54%. The analyst consensus anticipated B&G Foods Inc’s latest quarter earnings to come in at $0.09 per share, but it turned out to be $0.15, a 66.70% surprise. For the quarter, EBITDA amounted to $71.97 million. Shareholders own equity worth $72.29 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 27 September was 24.37%, suggesting the stock is oversold, with historical volatility in this time frame at 35.62%.
As of today, BGS’s price is $10.27 -5.77% or -$0.60 from its 5-day moving average. BGS is currently trading -23.91% lower than its 20-day SMA and -38.33% lower than its 100-day SMA. However, the stock’s current price level is -26.65% below the SMA50 and -23.02% below the SMA200.
The stochastic %K and %D were 13.41% and 16.97%, respectively, and the average true range (ATR) was 0.46. With the 14-day stochastic at 8.42% and the average true range at 0.46, the RSI (14) stands at 27.88%. The stock has reached -0.23 on the 9-day MACD Oscillator while the 14-day reading was at -0.47.
Analyst Ratings
TD Cowen launched coverage on B&G Foods Inc (NYSE: BGS) in its analyst report released on September 13, 2023. The firm assigned the stock an Underperform rating.
