Trading Day Triumph: B&G Foods, Inc (BGS) Ends at 8.14, a -2.86 Surge/Plunge

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B&G Foods, Inc (NYSE: BGS) closed the day trading at $8.14 down -2.86% from the previous closing price of $8.38. In other words, the price has decreased by -$2.86 from its previous closing price. On the day, 1.18 million shares were traded. BGS stock price reached its highest trading level at $8.45 during the session, while it also had its lowest trading level at $8.105.

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 15.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.51. 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.

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 May 13 ’24 when SHERRILL STEPHEN bought 125,000 shares for $8.59 per share. The transaction valued at 1,073,650 led to the insider holds 270,136 shares of the business.

Lerner Scott E bought 11,755 shares of BGS for $99,979 on May 13 ’24. The EVP & GENERAL COUNSEL now owns 189,144 shares after completing the transaction at $8.51 per share. On May 13 ’24, another insider, Wacha Bruce C, who serves as the EVP OF FINANCE & CFO of the company, bought 5,200 shares for $8.59 each. As a result, the insider paid 44,667 and bolstered with 91,328 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 662448704 and an Enterprise Value of 2705783040. 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 0.82. Its current Enterprise Value per Revenue stands at 1.336 whereas that against EBITDA is 8.928.

Stock Price History:

The Beta on a monthly basis for BGS is 0.64, which has changed by -0.42269504 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, BGS has reached a high of $15.15, while it has fallen to a 52-week low of $7.20. The 50-Day Moving Average of the stock is -18.26%, while the 200-Day Moving Average is calculated to be -18.68%.

Shares Statistics:

Over the past 3-months, BGS traded about 1.03M shares per day on average, while over the past 10 days, BGS traded about 946420 shares per day. A total of 78.62M shares are outstanding, with a floating share count of 76.66M. Insiders hold about 3.02% of the company’s shares, while institutions hold 69.25% stake in the company. Shares short for BGS as of 1715731200 were 7732585 with a Short Ratio of 7.08, compared to 1713139200 on 6798210. Therefore, it implies a Short% of Shares Outstanding of 7732585 and a Short% of Float of 14.35.

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 0.090692125The stock’s 5-year Average Dividend Yield is 8.42.

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