B&G Foods, Inc [NYSE: BGS] plunged by -$0.01 during the normal trading session on Wednesday and reaching a high of $4.14 during the day while it closed the day at $4.07.
B&G Foods, Inc stock has also loss -2.86% of its value over the past 7 days. However, BGS stock has declined by -36.01% in the 3 months of the year. Over the past six months meanwhile, it has lost -37.86% and lost -48.35% year-on date.
The market cap for BGS stock reached $324.78 million, with 79.80 million shares outstanding and 76.70 million shares in the current float. Compared to the average trading volume of 2.99M shares, BGS reached a trading volume of 3358106 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about B&G Foods, Inc [BGS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BGS shares is $5.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BGS stock is a recommendation set at 3.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for B&G Foods, Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 16, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $14 to $8. The new note on the price target was released on October 04, 2023, representing the official price target for B&G Foods, Inc stock. Previously, the target price had yet another raise to $10, while TD Cowen analysts kept a Underperform rating on BGS stock.
The Price to Book ratio for the last quarter was 0.63, with the Price to Cash per share for the same quarter was set at 0.77. Price to Free Cash Flow for BGS in the course of the last twelve months was 2.74 with Quick ratio for the last quarter at 1.07.
BGS stock trade performance evaluation
B&G Foods, Inc [BGS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.86. With this latest performance, BGS shares dropped by -6.22% in over the last four-week period, additionally sinking by -37.86% over the last 6 months – not to mention a drop of -40.93% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BGS stock in for the last two-week period is set at 40.03, with the RSI for the last a single of trading hit 0.20, and the three-weeks RSI is set at 0.22 for B&G Foods, Inc [BGS]. The present Moving Average for the last 50 days of trading for this stock 4.39, while it was recorded at 4.22 for the last single week of trading, and 6.40 for the last 200 days.
B&G Foods, Inc [BGS]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and B&G Foods, Inc [BGS] shares currently have an operating margin of 10.82% and a Gross Margin at 20.69%. B&G Foods, Inc’s Net Margin is presently recorded at -11.16%.
Return on Equity for this stock declined to -6.66%, with Return on Assets sitting at -6.66%. When it comes to the capital structure of this company, B&G Foods, Inc [BGS] has a Total Debt to Total Equity ratio set at 4.01.
Reflecting on the efficiency of the workforce at the company, B&G Foods, Inc [BGS] managed to generate an average of -$75495.69 per employee.B&G Foods, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.07 and a Current Ratio set at 3.32.
Earnings per share (EPS) analysis for B&G Foods, Inc [BGS] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BGS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for B&G Foods, Inc go to 4.55%.
B&G Foods, Inc [BGS]: Institutional Ownership
There are presently around $77.05%, or 79.61% of BGS stock, in the hands of institutional investors. The top three institutional holders of BGS stocks are: BLACKROCK INC. with ownership of 12.27 million shares, which is approximately 15.5199%. VANGUARD GROUP INC, holding 9.61 million shares of the stock with an approximate value of $$77.65 million in BGS stocks shares; and VANGUARD GROUP INC, currently with $$24.61 million in BGS stock with ownership which is approximately 3.7628%.
