At the time of writing, B&G Foods, Inc [BGS] stock is trading at $6.38, up 1.75%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BGS shares have gain 1.43% over the last week, with a monthly amount drifted -21.91%, and not 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 May 16, 2024, when Piper Sandler upgraded its rating to a Neutral but kept the price target unchanged to $9 for it. Previously, Piper Sandler downgraded its rating to Underweight on October 04, 2023, and dropped its price target to $8. On September 13, 2023, TD Cowen initiated with a Underperform rating and assigned a price target of $10 on the stock. Consumer Edge Research downgraded its rating to a Underweight but stick to its price target of $9 on December 01, 2022. Piper Sandler upgraded its rating to a Neutral and reduced its price target to $23 on June 14, 2022. Piper Sandler downgraded its rating to Underweight for this stock on November 05, 2021, but kept the price target unchanged to $27. In a note dated March 22, 2021, Piper Sandler downgraded an Neutral rating on this stock but restated the target price of $31.
For the past year, the stock price of B&G Foods, Inc fluctuated between $6.14 and $11.97. Currently, Wall Street analysts expect the stock to reach $18 within the next 12 months. B&G Foods, Inc [NYSE: BGS] shares were valued at $6.38 at the most recent close of the market. An investor can expect a potential return of 182.13% based on the average BGS price forecast.
Analyzing the BGS fundamentals
According to B&G Foods, Inc [NYSE:BGS], the company’s sales were 1.96B for trailing twelve months, which represents an -8.29% plunge. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.03 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.78.
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 6.18 points at the first support level, and at 5.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.52, and for the 2nd resistance point, it is at 6.67.
Ratios To Look Out For
It is important to note that B&G Foods, Inc [NYSE:BGS] has a current ratio of 1.64. Also, the Quick Ratio is 0.49, while the Cash Ratio stands at 0.1. Considering the valuation of this stock, the price to sales ratio is 0.26, the price to book ratio is 0.67.
Transactions by insiders
Recent insider trading involved Hart Eric H, EVP OF HUMAN RESOURCES & CHRO, that happened on Nov 15 ’24 when 5000.0 shares were purchased. EVP, PRESIDENT OF MEALS, Vogel Andrew D completed a deal on Nov 13 ’24 to buy 7500.0 shares. Meanwhile, Director SHERRILL STEPHEN bought 70000.0 shares on Nov 08 ’24.
