In the latest session, B&G Foods, Inc (NYSE: BGS) closed at $11.02 up 3.47% from its previous closing price of $10.65. In other words, the price has increased by $+0.37 from its previous closing price. On the day, 1149846 shares were traded.
Ratios:
For a deeper understanding of B&G Foods, Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.90. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 866.43M and an Enterprise Value of 2.94B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.42 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 1.43 whereas that against EBITDA is 17.05.
Stock Price History:
The Beta on a monthly basis for BGS is 0.73, which has changed by -27.02% over the last 52 weeks, in comparison to a change of 32.31% over the same period for the S&P500. 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 10.35, while the 200-Day Moving Average is calculated to be 10.98.
Shares Statistics:
For the past three months, BGS has traded an average of 1.13M shares per day and 1.2M 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 66.48% stake in the company. Shares short for BGS as of Feb 29, 2024 were 7.74M with a Short Ratio of 6.86, compared to 6.36M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.84% and a Short% of Float of 13.89%.
Dividends & Splits
According to the company, the forward annual dividend rate for BGS is 0.76, from 0.76 in the trailing year. Against a Trailing Annual Dividend Yield of 7.14%, it implies a Forward Annual Dividend Yield of 6.90%. The stock’s 5-year Average Dividend Yield is 8.46.
Earnings Estimates
There are 7 different market analysts currently analyzing its stock. 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 $0.93, with 7 analysts recommending between $1.08 and $0.7.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $481.65M this 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 $527.48M, an estimated decrease of -8.70% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $442.73M, a decrease of -4.90% over than the figure of -$8.70% in the same quarter last year. There is a high estimate of $449.91M 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 $2.01B, 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 -3.80% 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 $2.03B 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.
