B&G Foods, Inc (NYSE: BGS)’s stock price has gone rise by 1.76 in comparison to its previous close of 6.25, however, the company has experienced a -2.15% decrease in its stock price over the last five trading days. zacks.com reported 2024-11-06 that BGS Q3 results are impacted by lower unit volumes and the Green Giant U.S. shelf-stable divestiture, partly offset by better net pricing and product mix.
Is It Worth Investing in B&G Foods, Inc (NYSE: BGS) Right Now?
The stock has a 36-month beta value of 0.60. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 2 as “sell.”
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The public float for BGS is 76.73M, and at present, short sellers hold a 10.13% of that float. On November 20, 2024, the average trading volume of BGS was 1.12M shares.
BGS’s Market Performance
BGS’s stock has seen a -2.15% decrease for the week, with a -23.74% drop in the past month and a -24.01% fall in the past quarter. The volatility ratio for the week is 3.45%, and the volatility levels for the past 30 days are at 4.38% for B&G Foods, Inc The simple moving average for the past 20 days is -15.25% for BGS’s stock, with a -30.86% 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 -22.52% 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 -46.87% of loss for the given period.
Volatility was left at 4.38%, however, over the last 30 days, the volatility rate increased by 3.45%, as shares sank -22.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.38% lower at present.
During the last 5 trading sessions, BGS fell by -2.15%, which changed the moving average for the period of 200-days by -35.82% in comparison to the 20-day moving average, which settled at $7.50. In addition, B&G Foods, Inc saw -39.43% 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 Hart Eric H, who purchase 5,000 shares at the price of $6.25 back on Nov 15 ’24. After this action, Hart Eric H now owns 88,899 shares of B&G Foods, Inc, valued at $31,238 using the latest closing price.
Vogel Andrew D, the EVP, PRESIDENT OF MEALS of B&G Foods, Inc, purchase 7,500 shares at $6.36 during a trade that took place back on Nov 13 ’24, which means that Vogel Andrew D is holding 37,064 shares at $47,700 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 2.78. The interest coverage ratio of the stock is 0.95.
Currently, EBITDA for the company is 310.41 million with net debt to EBITDA at 10.73. When we switch over and look at the enterprise to sales, we see a ratio of 1.32. 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
To sum up, B&G Foods, Inc (BGS) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
