B&G Foods (NYSE:BGS) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

B&G Foods, Inc. (NYSE:BGS) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.41 and traded as high as $4.58. B&G Foods shares last traded at $4.4850, with a volume of 1,320,386 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Zacks Research upgraded shares of B&G Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Royal Bank Of Canada decreased their price objective on B&G Foods from $6.00 to $5.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of B&G Foods in a research report on Monday. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $4.67.

B&G Foods Stock Down 3.2%

The company has a debt-to-equity ratio of 3.96, a current ratio of 2.93 and a quick ratio of 0.89. The stock has a market cap of $352.30 million, a price-to-earnings ratio of -1.56 and a beta of 0.43. The firm’s 50-day moving average is $4.43 and its 200 day moving average is $4.39.

B&G Foods (NYSE:BGS) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The company had revenue of $439.30 million during the quarter, compared to analysts’ expectations of $435.47 million. B&G Foods had a negative net margin of 12.02% and a positive return on equity of 7.16%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. B&G Foods has set its FY 2025 guidance at 0.500-0.580 EPS. Sell-side analysts anticipate that B&G Foods, Inc. will post 0.7 earnings per share for the current fiscal year.

B&G Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.76 annualized dividend and a yield of 17.3%. B&G Foods’s dividend payout ratio is currently -24.05%.

Institutional Trading of B&G Foods

A number of institutional investors have recently modified their holdings of BGS. Northwestern Mutual Wealth Management Co. increased its position in B&G Foods by 502.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,443 shares of the company’s stock worth $31,000 after purchasing an additional 6,207 shares in the last quarter. Triumph Capital Management purchased a new position in B&G Foods in the third quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd lifted its position in B&G Foods by 3,217.8% during the first quarter. Caitong International Asset Management Co. Ltd now owns 5,043 shares of the company’s stock valued at $35,000 after buying an additional 4,891 shares in the last quarter. Federated Hermes Inc. purchased a new stake in B&G Foods during the second quarter worth approximately $35,000. Finally, Signaturefd LLC grew its stake in B&G Foods by 48.7% during the second quarter. Signaturefd LLC now owns 10,036 shares of the company’s stock worth $42,000 after buying an additional 3,288 shares during the period. Hedge funds and other institutional investors own 66.15% of the company’s stock.

B&G Foods Company Profile

B&G Foods, Inc is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., Canada, and Puerto Rico. It operates through the following segments: Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions.