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After finishing at $8.79 in the prior trading day, B&G Foods, Inc (NYSE: BGS) closed at $8.42, down -4.21%. In other words, the price has decreased by -$4.21 from its previous closing price. On the day, 1.24 million shares were traded. BGS stock price reached its highest trading level at $8.73 during the session, while it also had its lowest trading level at $8.4.
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 16.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.03. For the most recent quarter (mrq), Quick Ratio is recorded 0.48 and its Current Ratio is at 1.63. In the meantime, Its Debt-to-Equity ratio is 2.76 whereas as Long-Term Debt/Eq ratio is at 2.39.
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 666560064 and an Enterprise Value of 2736285952. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.33 while its Price-to-Book (P/B) ratio in mrq is 0.87. Its current Enterprise Value per Revenue stands at 1.368 whereas that against EBITDA is 9.166.
Stock Price History:
The Beta on a monthly basis for BGS is 0.63, which has changed by 0.090673566 over the last 52 weeks, in comparison to a change of 0.32295227 over the same period for the S&P500. Over the past 52 weeks, BGS has reached a high of $11.97, while it has fallen to a 52-week low of $7.20. The 50-Day Moving Average of the stock is -2.35%, while the 200-Day Moving Average is calculated to be -12.64%.
Shares Statistics:
The stock has traded on average 874.12K shares per day over the past 3-months and 1044240 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 76.83M. Insiders hold about 2.95% of the company’s shares, while institutions hold 65.57% stake in the company. Shares short for BGS as of 1726185600 were 7697095 with a Short Ratio of 8.81, compared to 1723680000 on 7815759. Therefore, it implies a Short% of Shares Outstanding of 7697095 and a Short% of Float of 14.249999999999998.
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 0.08646189The stock’s 5-year Average Dividend Yield is 8.33.
Earnings Estimates
The company has 7.0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $0.28, with high estimates of $0.3 and low estimates of $0.25.
Analysts are recommending an EPS of between $0.77 and $0.71 for the fiscal current year, implying an average EPS of $0.74. EPS for the following year is $0.78, with 7.0 analysts recommending between $0.85 and $0.68.
Revenue Estimates
4 analysts predict $471.4M in revenue for the current quarter. It ranges from a high estimate of $472.88M to a low estimate of $467.5M. As of the current estimate, B&G Foods, Inc’s year-ago sales were $502.73MFor the next quarter, 4 analysts are estimating revenue of $560.22M. There is a high estimate of $564M for the next quarter, whereas the lowest estimate is $558.18M.
A total of 5 analysts have provided revenue estimates for BGS’s current fiscal year. The highest revenue estimate was $1.95B, while the lowest revenue estimate was $1.95B, resulting in an average revenue estimate of $1.95B. In the same quarter a year ago, actual revenue was $2.06BBased on 5 analysts’ estimates, the company’s revenue will be $1.96B in the next fiscal year. The high estimate is $1.97B and the low estimate is $1.95B.
