Company’s 36-month beta value is 0.63.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for BGS is 76.83M, and currently, short sellers hold a 10.10% ratio of that floaft. The average trading volume of BGS on November 06, 2024 was 851.45K shares.
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BGS) stock’s latest price update
B&G Foods, Inc (NYSE: BGS)’s stock price has gone decline by -16.55 in comparison to its previous close of 8.82, however, the company has experienced a -14.91% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-11-05 that B&G Foods, Inc. (NYSE:BGS ) Q3 2024 Earnings Conference Call November 5, 2024 4:30 PM ET Company Participants AJ Schwab – Senior Associate, Corporate Strategy & Business Development Kenneth Keller – President, CEO & Director Bruce Wacha – EVP, Finance & CFO Conference Call Participants Andrew Lazar – Barclays Michael Lavery – Piper Sandler Robert Rigby – Bank of America Robert Moskow – TD Cowen Hale Holden – Barclays David Palmer – Evercore ISI Karru Martinson – Jefferies Carla Casella – JPMorgan Operator Good day, and welcome to the B&G Foods Third Quarter 2024 Earnings Call. Today’s call, which is being recorded is scheduled to last about 1 hour, including remarks by B&G Foods management and the question-and-answer session.
BGS’s Market Performance
BGS’s stock has fallen by -14.91% in the past week, with a monthly drop of -9.81% and a quarterly drop of -15.01%. The volatility ratio for the week is 2.24% while the volatility levels for the last 30 days are 2.72% for B&G Foods, Inc The simple moving average for the past 20 days is -12.18% for BGS’s stock, with a -21.47% simple moving average for the past 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 -14.30% 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 -38.51% of loss for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares sank -7.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.90% lower at present.
During the last 5 trading sessions, BGS fell by -14.39%, which changed the moving average for the period of 200-days by -27.40% in comparison to the 20-day moving average, which settled at $8.38. In addition, B&G Foods, Inc saw -29.91% 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 Greenberg Jordan E, who sale 8,000 shares at the price of $8.33 back on Sep 03 ’24. After this action, Greenberg Jordan E now owns 66,095 shares of B&G Foods, Inc, valued at $66,638 using the latest closing price.
Greenberg Jordan E, the Officer of B&G Foods, Inc, proposed sale 8,000 shares at $8.63 during a trade that took place back on Sep 03 ’24, which means that Greenberg Jordan E is holding shares at $69,040 based on the most recent closing price.
Stock Fundamentals for BGS
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.21 for the gross margin
The net margin for B&G Foods, Inc stands at -0.01. The total capital return value is set at 0.05. Equity return is now at value -3.29, with -0.71 for asset returns.
Based on B&G Foods, Inc (BGS), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 2.83. The interest coverage ratio of the stock is 0.95.
Currently, EBITDA for the company is 333.12 million with net debt to EBITDA at 11.1. When we switch over and look at the enterprise to sales, we see a ratio of 1.36. The receivables turnover for the company is 12.24for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.
Conclusion
In a nutshell, B&G Foods, Inc (BGS) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
