In recent trading session, B&G Foods, Inc. (NYSE:BGS) saw 1,072,282 shares changing hands with its beta currently measuring 0.3. Company’s recent per share price level of $28.58 trading at $0.99 or 3.59% at recent trade assigns it a market valuation of $1.86 Billion. That current trading price of BGs’ stock is at a discount of -3.74% from its 52-week high price of $29.65 and is indicating a premium of 63.65% from its 52-week low price of $10.39. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 940.27 Million shares which gives us an average trading volume of 1.2 Million if we extend that period to 3-months.
B&G Foods, Inc. (NYSE:BGS) trade information
Upright in the green today for gaining 3.59%, in the last five days BGS remained trading in the green while hitting it’s week-highest on Friday, Jul 31 when the stock touched $29.65- price level, adding 3.51% to its value on the day. B&G Foods, Inc.’s shares saw a change of 59.56% in year-to-date performance and have moved 9.2% in past 5-day. B&G Foods, Inc. (NYSE:BGS) showed a performance of 17.35% in past 30-days. Number of shares sold short was 17.15 Million shares which calculate 14.29 days to cover the short interests.
B&G Foods, Inc. (BGS) estimates and forecasts
Statistics highlight that B&G Foods, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +71.05% of value to its shares in past 6 months, showing an annual growth rate of 27.44% while that of industry is 7.9. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 14.8% in the current quarter and calculating 35.7% increase in the next quarter. This year revenue growth is estimated to rise 14.3% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $444.93 Million for the same. And 8 analysts are in estimates of company making revenue of $502.17 Million in the next quarter that will end in December 01, 2020. Company posted $406.31 Million and $470.17 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 9.5% while estimating it to be 6.8% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 9.3% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -53.5% while estimates for its earnings growth in next 5 years are of 4.6%
B&G Foods, Inc. is more likely to be releasing its next quarterly report between October 29 and November 02, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 6.86%, the share has a forward dividend of 1.9 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 6.34%.
B&G Foods, Inc. (NYSE:BGS)’s Major holders
Insiders are in possession of 2.3% of company’s total shares while institution are holding 87.87% percent of that, with stock having share float percentage of 89.93%. Investors also watch the number of corporate investors in a company very closely, which is 331 institutions for B&G Foods, Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at BGS for having 9.71 Million shares of worth $175.63 Million. And as of March 30, 2020, it was holding 15.14% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 8.05 Million shares on March 30, 2020. The number of shares represents firm’s hold over 12.56% of outstanding shares, having a total worth of $145.65 Million.
On the other hand, iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of April 29, 2020, the former fund manager was holding 3886294 shares of worth $75.47 Million or 6.06% of the total outstanding shares. The later fund manager was in possession of 1.87 Million shares on March 30, 2020, making its stake of worth around $33.89 Million in the company or a holder of 2.92% of company’s stock.