Market Highlights: B&G Foods, Inc (BGS) Ends on a Low Note at 7.29

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The price of B&G Foods, Inc (NYSE: BGS) closed at $7.29 in the last session, down -5.81% from day before closing price of $7.74. In other words, the price has decreased by -$5.81 from its previous closing price. On the day, 2.03 million shares were traded. BGS stock price reached its highest trading level at $7.79 during the session, while it also had its lowest trading level at $7.22.

Ratios:

We take a closer look at BGS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.02. For the most recent quarter (mrq), Quick Ratio is recorded 0.49 and its Current Ratio is at 1.64. In the meantime, Its Debt-to-Equity ratio is 2.83 whereas as Long-Term Debt/Eq ratio is at 2.46.

On October 04, 2023, Piper Sandler Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $14 to $8.

On September 13, 2023, TD Cowen started tracking the stock assigning a Underperform rating and target price of $10.TD Cowen initiated its Underperform rating on September 13, 2023, with a $10 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 15 ’24 when Hart Eric H bought 5,000 shares for $6.25 per share. The transaction valued at 31,238 led to the insider holds 88,899 shares of the business.

Vogel Andrew D bought 7,500 shares of BGS for $47,700 on Nov 13 ’24. The EVP, PRESIDENT OF MEALS now owns 37,064 shares after completing the transaction at $6.36 per share. On Nov 08 ’24, another insider, SHERRILL STEPHEN, who serves as the Director of the company, bought 70,000 shares for $6.63 each. As a result, the insider paid 464,296 and bolstered with 353,084 shares of the company.

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 577104832 and an Enterprise Value of 2662754816. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29 while its Price-to-Book (P/B) ratio in mrq is 0.76. Its current Enterprise Value per Revenue stands at 1.359 whereas that against EBITDA is 9.248.

Stock Price History:

Over the past 52 weeks, BGS has reached a high of $11.97, while it has fallen to a 52-week low of $6.12. The 50-Day Moving Average of the stock is -2.50%, while the 200-Day Moving Average is calculated to be -17.97%.

Shares Statistics:

According to the various share statistics, BGS traded on average about 1.43M shares per day over the past 3-months and 1961410 shares per day over the past 10 days. A total of 79.16M shares are outstanding, with a floating share count of 76.73M. Insiders hold about 3.08% of the company’s shares, while institutions hold 65.69% stake in the company. Shares short for BGS as of 1732838400 were 10157361 with a Short Ratio of 7.08, compared to 1730332800 on 7776080. Therefore, it implies a Short% of Shares Outstanding of 10157361 and a Short% of Float of 18.8.

Dividends & Splits

The forward annual dividend rate for BGS is 0.76, which was 0.76 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.09819122The stock’s 5-year Average Dividend Yield is 8.28.

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