B&G Foods, Inc [BGS] stock prices are up 21.28% to $11.40 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BGS shares have gain 18.13% over the last week, with a monthly amount glided 9.30%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, B&G Foods Reports Financial Results for Fourth Quarter and Full Year 2023. In a post published today on Yahoo Finance, — Net Cash Provided by Operating Activities Increased by $241.8 Million for Full Year 2023 —— Principal Amount of Long-Term Debt Decreased by $340.1 Million During Full Year 2023 —.
From an analyst’s perspective:
B&G Foods, Inc [NYSE: BGS] stock has seen the most recent analyst activity on October 04, 2023, when Piper Sandler downgraded its rating to a Underweight and also revised its price target to $8 from $14. Previously, TD Cowen started tracking the stock with Underperform rating on September 13, 2023, and set its price target to $10. On December 01, 2022, downgrade downgraded it’s rating to Underweight but maintained its price target of $9 on the stock. Piper Sandler upgraded its rating to a Neutral and decreased its price target to $23 on June 14, 2022. Piper Sandler downgraded its rating to a Underweight but $27 remained the price target by the analyst firm on November 05, 2021. Piper Sandler downgraded its rating to Neutral for this stock on March 22, 2021, but kept the price target unchanged to $31. In a note dated January 20, 2021, Stephens initiated an Equal-Weight rating and provided a target price of $27 on this stock.
The stock price of B&G Foods, Inc [BGS] has been fluctuating between $7.20 and $16.68 over the past year. Currently, Wall Street analysts expect the stock to reach $22.75 within the next 12 months. B&G Foods, Inc [NYSE: BGS] shares were valued at $11.40 at the most recent close of the market. An investor can expect a potential return of 99.56% based on the average BGS price forecast.
Analyzing the BGS fundamentals
The B&G Foods, Inc [NYSE:BGS] reported sales of 2.06B for trailing twelve months, representing a drop of -7.24%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.08 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.53.
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 10.40 points at the first support level, and at 9.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.02, and for the 2nd resistance point, it is at 12.63.
B&G Foods, Inc [BGS] reported earnings per share of $0.27 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.23/share, meaning a difference of $0.04 and a surprise factor of 17.40%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.15 per share as compared to estimates of $0.09 per share, a difference of $0.06 representing a surprise of 66.70%.
Ratios To Look Out For
It’s worth pointing out that B&G Foods, Inc [NYSE:BGS]’s Current Ratio is 3.06. On the other hand, the Quick Ratio is 0.89, and the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 0.43, the price to book ratio is 1.07.
Transactions by insiders
The next item on our agenda is insider trading, which has seen 0 insider purchases totaling 0 shares and 1 insider sales totaling 11,027 shares over the past 3 months. Recent insider trading involved Greenberg Jordan E, EVP & PRES OF SPICES & FLAVOR, that happened on Jun 14 when 13000.0 shares were sold. EVP OF FINANCE & CFO, Wacha Bruce C completed a deal on Mar 10 to sell 12500.0 shares.
