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B&G Foods, Inc (NYSE: BGS) closed the day trading at $7.07 down -19.84% from the previous closing price of $8.82. In other words, the price has decreased by -$19.84 from its previous closing price. On the day, 6.24 million shares were traded. BGS stock price reached its highest trading level at $8.4 during the session, while it also had its lowest trading level at $7.02.
Ratios:
For a better understanding of BGS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.87. 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:
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 Sep 03 ’24 when Greenberg Jordan E sold 8,000 shares for $8.33 per share. The transaction valued at 66,638 led to the insider holds 66,095 shares of the business.
Greenberg Jordan E bought 8,000 shares of BGS for $69,040 on Sep 03 ’24. On May 13 ’24, another insider, Lerner Scott E, who serves as the EVP & GENERAL COUNSEL of the company, bought 11,755 shares for $8.51 each. As a result, the insider paid 99,979 and bolstered with 189,144 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 698225408 and an Enterprise Value of 2645338624. 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 0.74. Its current Enterprise Value per Revenue stands at 1.35 whereas that against EBITDA is 9.347.
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 $7.62. The 50-Day Moving Average of the stock is -17.62%, while the 200-Day Moving Average is calculated to be -24.55%.
Shares Statistics:
Over the past 3-months, BGS traded about 851.45K shares per day on average, while over the past 10 days, BGS traded about 911320 shares per day. A total of 78.62M shares are outstanding, with a floating share count of 76.83M. Insiders hold about 2.95% of the company’s shares, while institutions hold 65.74% stake in the company. Shares short for BGS as of 1728950400 were 7760828 with a Short Ratio of 9.11, compared to 1726185600 on 7697095. Therefore, it implies a Short% of Shares Outstanding of 7760828 and a Short% of Float of 14.37.
Dividends & Splits
BGS’s forward annual dividend rate is 0.76, up from 0.76 a year ago. Against a Trailing Annual Dividend Yield of 0.086167805The stock’s 5-year Average Dividend Yield is 8.28.
