B&G Foods, Inc [NYSE: BGS] stock went on an upward path that rose over 24.62% on Thursday, amounting to a one-week price increase of more than 23.38%.
Over the last 12 months, BGS stock dropped by -28.01%. The one-year B&G Foods, Inc stock forecast points to a potential downside of -20.98. The average equity rating for BGS stock is currently 3.40, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $396.81 million, with 79.98 million shares outstanding and 76.90 million shares in the current float. Compared to the average trading volume of 2.46M shares, BGS stock reached a trading volume of 11921659 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $4.10 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 0.84, with the Price to Cash per share for the same quarter was set at 0.76. Price to Free Cash Flow for BGS in the course of the last twelve months was 7.25 with Quick ratio for the last quarter at 1.30.
BGS Stock Performance Analysis:
B&G Foods, Inc [BGS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 23.38. With this latest performance, BGS shares gained by 18.10% in over the last four-week period, additionally plugging by 10.71% over the last 6 months – not to mention a drop of -28.01% 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 67.35, with the RSI for the last a single of trading hit 0.25, and the three-weeks RSI is set at 0.20 for B&G Foods, Inc [BGS]. The present Moving Average for the last 50 days of trading for this stock 4.42, while it was recorded at 4.17 for the last single week of trading, and 5.17 for the last 200 days.
Insight into B&G Foods, Inc 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 10.80% and a Gross Margin at 20.74%. B&G Foods, Inc’s Net Margin is presently recorded at -13.61%.
B&G Foods, Inc (BGS) Capital Structure & Debt Analysis
According to recent financial data for B&G Foods, Inc. ( BGS), the Return on Equity (ROE) stands at -40.86%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -7.88%, reflecting the company’s efficiency in generating profits from its assets. Additionally, B&G Foods, Inc’s Return on Invested Capital (ROIC) is -9.93%, showcasing its effectiveness in deploying capital for earnings.
B&G Foods, Inc (BGS) Efficiency & Liquidity Metrics
Based on B&G Foods, Inc’s (BGS) latest financial statements, the Debt-to-Equity Ratio is 4.40%, indicating its reliance on debt financing relative to shareholder equity.
B&G Foods, Inc (BGS) Efficiency & Liquidity Metrics
From an operational efficiency perspective, B&G Foods, Inc. (BGS) effectively leverages its workforce, generating an average of -$89974.86 per employee. The company’s liquidity position is robust, with a Current Ratio of 3.20% and a Quick Ratio of 1.30%, indicating strong ability to cover short-term liabilities.
BGS Stock EPS
With the latest financial reports released by the company, B&G Foods, Inc posted 0.31/share EPS, while the average EPS was predicted by analysts to be reported at 0.3/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. 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 -1.20%.
B&G Foods, Inc [BGS] Institutonal Ownership Details
There are presently around $77.48%, or 80.05%% 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%.
