B&G Foods Inc. [BGS] stock is trading at $15.01, down -0.07%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BGS shares have lost -0.13% over the last week, with a monthly amount glided 25.29%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
B&G Foods Inc. [NYSE: BGS] stock has seen the most recent analyst activity on December 01, 2022, when Consumer Edge Research downgraded its rating to a Underweight but kept the price target unchanged to $9 for it. Previously, Piper Sandler upgraded its rating to Neutral on June 14, 2022, and dropped its price target to $23. On November 05, 2021, downgrade downgraded it’s rating to Underweight but maintained its price target of $27 on the stock. Piper Sandler downgraded its rating to a Neutral but stick to its price target of $31 on March 22, 2021. Stephens initiated its recommendation with a Equal-Weight and recommended $27 as its price target on January 20, 2021. Credit Suisse downgraded its rating to Underperform for this stock on January 05, 2021, and downed its price target to $25. In a note dated July 28, 2020, Seaport Global Securities initiated an Neutral rating.
B&G Foods Inc. [BGS] stock has fluctuated between $10.91 and $29.33 over the past year. Currently, Wall Street analysts expect the stock to reach $13.79 within the next 12 months. B&G Foods Inc. [NYSE: BGS] shares were valued at $15.01 at the most recent close of the market. An investor can expect a potential drop of -8.13% based on the average BGS price forecast.
Analyzing the BGS fundamentals
B&G Foods Inc. [NYSE:BGS] reported sales of 623.23 billion for the most recent quarter, which represents a growth of 9.00%. Gross Margin for this corporation currently stands at +17.77% with Operating Margin at +9.52%, Pretax Margin comes in at -0.87%, and Net Margin reading is -0.53%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.68 points at the first support level, and at 14.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.25, and for the 2nd resistance point, it is at 15.49.
B&G Foods Inc. [BGS] reported earnings per share of $0.31 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.31/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.07 per share as compared to estimates of $0.27 per share, a difference of -$0.2 representing a surprise of -74.10%.
Ratios To Look Out For
For context, B&G Foods Inc.’s Current Ratio is 3.80. In addition, the Quick Ratio stands at 1.08 and the Cash Ratio stands at 0.17. Considering the valuation of this stock, the price to sales ratio is 0.36, the price to book ratio is 0.92.
Transactions by insiders
In the past 3 months, 0 insiders have purchased 0 shares, and 1 have sold 11,027 shares. Recent insider trading involved Wacha Bruce C, EVP OF FINANCE & CFO, that happened on Mar 10 when 12500.0 shares were sold. Director, Wenner David L completed a deal on Nov 14 to buy 20000.0 shares. Meanwhile, Director POE ALFRED sold 13875.0 shares on Sep 13.