In Thursday’s Wall Street session, B&G Foods, Inc (NYSE:BGS) shares traded at $4.48, down -5.08% from the previous session.
BGS stock price is now -33.06% away from the 50-day moving average and -39.34% away from the 200-day moving average. The market capitalization of the company currently stands at $357.50M.
With the price target maintained at $9, Piper Sandler recently Upgraded its rating from Underweight to Neutral for B&G Foods, Inc (NYSE: BGS). On October 04, 2023, Piper Sandler Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock reducing its target price from $14 to quote $8, while ‘TD Cowen’ rates the stock as ‘Underperform’
In other news, Hart Eric H, EVP OF HUMAN RESOURCES & CHRO bought 5,000 shares of the company’s stock on Nov 15 ’24. The stock was bought for $31,238 at an average price of $6.25. Upon completion of the transaction, the EVP OF HUMAN RESOURCES & CHRO now directly owns 88,899 shares in the company, valued at $0.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’24, EVP, PRESIDENT OF MEALS Vogel Andrew D bought 7,500 shares of the business’s stock. A total of $47,700 was incurred on buying the stock at an average price of $6.36. This leaves the insider owning 37,064 shares of the company worth $0.17 million. A total of 3.61% of the company’s stock is owned by insiders.
During the past 12 months, B&G Foods, Inc has had a low of $4.30 and a high of $11.72. As of last week, the company has a debt-to-equity ratio of 4.01, a current ratio of 3.32, and a quick ratio of 1.07.
The net profit margin was -11.16% and return on equity was -32.48% for BGS. The company reported revenue of $425.4 million for the quarter, compared to $475.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.48 percent. For the current quarter, analysts expect BGS to generate $427.8M in revenue.
