The closing price of B&G Foods, Inc (NYSE: BGS) was $11.91 for the day, up 3.12% from the previous closing price of $11.55. In other words, the price has increased by $+0.36 from its previous closing price. On the day, 1505708 shares were traded. BGS stock price reached its highest trading level at $11.97 during the session, while it also had its lowest trading level at $11.31.
Ratios:
Our analysis of BGS’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.22. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 3.06. In the meantime, Its Debt-to-Equity ratio is 2.53 whereas as Long-Term Debt/Eq ratio is at 2.49.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on October 04, 2023, Downgraded its rating to Underweight and sets its target price to $8 from $14 previously.
On September 13, 2023, TD Cowen started tracking the stock assigning a Underperform rating and target price of $10.
Consumer Edge Research Downgraded its Equal Weight to Underweight on December 01, 2022, while the target price for the stock was maintained at $9.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 14 when Greenberg Jordan E sold 13,000 shares for $13.45 per share. The transaction valued at 174,882 led to the insider holds 56,999 shares of the business.
Wacha Bruce C sold 12,500 shares of BGS for $185,125 on Mar 10. The EVP OF FINANCE & CFO now owns 46,491 shares after completing the transaction at $14.81 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BGS now has a Market Capitalization of 936.42M and an Enterprise Value of 3.01B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.45 while its Price-to-Book (P/B) ratio in mrq is 1.12. Its current Enterprise Value per Revenue stands at 1.46 whereas that against EBITDA is 28.70.
Stock Price History:
Over the past 52 weeks, BGS has reached a high of $16.68, while it has fallen to a 52-week low of $7.20. The 50-Day Moving Average of the stock is 10.27, while the 200-Day Moving Average is calculated to be 11.12.
Shares Statistics:
BGS traded an average of 1.23M shares per day over the past three months and 1.71M shares per day over the past ten days. A total of 78.62M shares are outstanding, with a floating share count of 76.75M. Insiders hold about 2.38% of the company’s shares, while institutions hold 66.45% stake in the company. Shares short for BGS as of Feb 15, 2024 were 7.14M with a Short Ratio of 5.79, compared to 6.52M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.08% and a Short% of Float of 12.82%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.76, BGS has a forward annual dividend rate of 0.76. Against a Trailing Annual Dividend Yield of 6.58%, it implies a Forward Annual Dividend Yield of 6.38%. The stock’s 5-year Average Dividend Yield is 8.46.
Earnings Estimates
The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of $0.21 for the current quarter, with a high estimate of $0.24 and a low estimate of $0.17, while EPS last year was $0.27. The consensus estimate for the next quarter is $0.11, with high estimates of $0.14 and low estimates of $0.06.
Analysts are recommending an EPS of between $0.91 and $0.78 for the fiscal current year, implying an average EPS of $0.86. EPS for the following year is $0.93, with 7 analysts recommending between $1.05 and $0.7.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $492.36M to a low estimate of $476.27M. As of the current estimate, B&G Foods, Inc’s year-ago sales were $527.48M, an estimated decrease of -8.40% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $442.45M, a decrease of -5.00% over than the figure of -$8.40% in the same quarter last year. There is a high estimate of $448.5M for the next quarter, whereas the lowest estimate is $434.96M.
A total of 6 analysts have provided revenue estimates for BGS’s current fiscal year. The highest revenue estimate was $1.99B, while the lowest revenue estimate was $1.98B, resulting in an average revenue estimate of $1.98B. In the same quarter a year ago, actual revenue was $2.06B, down -4.00% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $2B in the next fiscal year. The high estimate is $2.01B and the low estimate is $1.99B. The average revenue growth estimate for next year is up 0.90% from the average revenue estimate for this year.
