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After finishing at $11.55 in the prior trading day, B&G Foods, Inc (NYSE: BGS) closed at $8.28, down -28.31%. In other words, the price has decreased by -$28.31 from its previous closing price. On the day, 6.82 million shares were traded. BGS stock price reached its highest trading level at $10.22 during the session, while it also had its lowest trading level at $8.17.
Ratios:
Our goal is to gain a better understanding of BGS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.57. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 3.22. In the meantime, Its Debt-to-Equity ratio is 2.69 whereas as Long-Term Debt/Eq ratio is at 2.64.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 14 ’23 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.
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 654546432 and an Enterprise Value of 2975351808. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.32 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 1.469 whereas that against EBITDA is 9.83.
Stock Price History:
The Beta on a monthly basis for BGS is 0.67, which has changed by -0.15446562 over the last 52 weeks, in comparison to a change of 0.25590587 over the same period for the S&P500. Over the past 52 weeks, BGS has reached a high of $15.46, while it has fallen to a 52-week low of $7.20. The 50-Day Moving Average of the stock is -25.39%, while the 200-Day Moving Average is calculated to be -21.43%.
Shares Statistics:
The stock has traded on average 974.49K shares per day over the past 3-months and 809610 shares per day over the last 10 days, according to various share statistics. A total of 78.62M shares are outstanding, with a floating share count of 76.51M. Insiders hold about 3.21% of the company’s shares, while institutions hold 65.96% stake in the company. Shares short for BGS as of 1713139200 were 6798210 with a Short Ratio of 6.98, compared to 1710460800 on 7445888. Therefore, it implies a Short% of Shares Outstanding of 6798210 and a Short% of Float of 12.61.
Dividends & Splits
In the trailing 12 months, BGS’s forward annual dividend rate was 0.76, compared to 0.76 this year. Against a Trailing Annual Dividend Yield of 0.06580086The stock’s 5-year Average Dividend Yield is 8.43.
Earnings Estimates
A comprehensive evaluation of B&G Foods, Inc (BGS) is underway, with the input of 7.0 analysts contributing to its current rating.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 $0.9 and $0.78 for the fiscal current year, implying an average EPS of $0.86. EPS for the following year is $0.92, with 7.0 analysts recommending between $1.03 and $0.7.
Revenue Estimates
5 analysts predict $475.22M in revenue for the current quarter. It ranges from a high estimate of $485.4M to a low estimate of $476.27M. As of the current estimate, B&G Foods, Inc’s year-ago sales were $527.48MFor the next quarter, 5 analysts are estimating revenue of $441.23M. There is a high estimate of $444M 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 $2.06BBased 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.
