B&G Foods, Inc (NYSE: BGS)’s stock price has plunge by 2.71relation to previous closing price of 8.13. Nevertheless, the company has seen a -2.22% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-24 that Investment activity remained high in June, focusing on BDCs aiming to increase dividend income by at least $100 each month. Adjusted dividend income in June is up 27% Y/Y and 5% vs the previous quarter. Main portfolio picks included Ares Capital, Hercules Capital, Goldman Sachs BDC, and MidCap Financial Investment Corporation.
Is It Worth Investing in B&G Foods, Inc (NYSE: BGS) Right Now?
The 36-month beta value for BGS is at 0.64. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for BGS is 76.66M, and currently, shorts hold a 9.47% of that float. The average trading volume for BGS on July 26, 2024 was 1.19M shares.
BGS’s Market Performance
The stock of B&G Foods, Inc (BGS) has seen a -2.22% decrease in the past week, with a 3.99% rise in the past month, and a -24.43% fall in the past quarter. The volatility ratio for the week is 3.52%, and the volatility levels for the past 30 days are at 3.24% for BGS. The simple moving average for the last 20 days is 3.82% for BGS stock, with a simple moving average of -14.13% for the last 200 days.
Analysts’ Opinion of BGS
Many brokerage firms have already submitted their reports for BGS stocks, with Piper Sandler repeating the rating for BGS by listing it as a “Neutral.” The predicted price for BGS in the upcoming period, according to Piper Sandler is $9 based on the research report published on May 16, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see BGS reach a price target of $8, previously predicting the price at $14. The rating they have provided for BGS stocks is “Underweight” according to the report published on October 04th, 2023.
TD Cowen gave a rating of “Underperform” to BGS, setting the target price at $10 in the report published on September 13th of the previous year.
BGS Trading at -3.69% from the 50-Day Moving Average
After a stumble in the market that brought BGS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.88% of loss for the given period.
Volatility was left at 3.24%, however, over the last 30 days, the volatility rate increased by 3.52%, as shares surge +4.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.57% lower at present.
During the last 5 trading sessions, BGS fell by -2.22%, which changed the moving average for the period of 200-days by +8.16% in comparison to the 20-day moving average, which settled at $8.06. In addition, B&G Foods, Inc saw -20.48% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BGS starting from SHERRILL STEPHEN, who purchase 125,000 shares at the price of $8.59 back on May 13 ’24. After this action, SHERRILL STEPHEN now owns 270,136 shares of B&G Foods, Inc, valued at $1,073,650 using the latest closing price.
Lerner Scott E, the EVP & GENERAL COUNSEL of B&G Foods, Inc, purchase 11,755 shares at $8.51 during a trade that took place back on May 13 ’24, which means that Lerner Scott E is holding 189,144 shares at $99,979 based on the most recent closing price.
Stock Fundamentals for BGS
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.22 for the gross margin
The net margin for B&G Foods, Inc stands at -0.05. The total capital return value is set at 0.01. Equity return is now at value -13.37, with -3.09 for asset returns.
Based on B&G Foods, Inc (BGS), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 2.63. The interest coverage ratio of the stock is 0.2.
Currently, EBITDA for the company is 333.12 million with net debt to EBITDA at 9.71. When we switch over and look at the enterprise to sales, we see a ratio of 1.34. The receivables turnover for the company is 14.54for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.22.
Conclusion
In conclusion, B&G Foods, Inc (BGS) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
