Let’s Talk About B&G Foods, Inc (NYSE: BGS)’s Outlook

In the last trading session, 3.05 million B&G Foods, Inc (NYSE:BGS) shares changed hands as the company’s beta touched 0.54. With the company’s per share price at $4.21 changed hands at -$0.21 or -4.75% during last session, the market valuation stood at $335.95M. BGS’s last price was a discount, traded about -132.3% off its 52-week high of $9.78. The share price had its 52-week low at $4.06, which suggests the last value was 3.56% up since then.

Analysts gave the B&G Foods, Inc (BGS) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.33. If we narrow down to specifics, the data shows that 1 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended BGS as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight.

B&G Foods, Inc (NYSE:BGS) trade information

Instantly BGS was in red as seen at the end of in last trading. With action -2.09%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -38.90%, with the 5-day performance at -2.09% in the red. However, in the 30-day time frame, B&G Foods, Inc (NYSE:BGS) is -38.18% down.

The consensus price target for the stock as assigned by Wall Street analysts is 19.5, meaning bulls need an upside of 78.41% from its current market value. According to analyst projections, BGS’s forecast low is 8 with 25 as the target high. To hit the forecast high, the stock’s price needs a -493.82% plunge from its current level, while the stock would need to soar -90.02% for it to hit the projected low.

The 2025 estimates are for B&G Foods, Inc earnings to decrease by -19.94%, but the outlook for the next 5-year period is at 4.55% per year.

BGS Dividends

B&G Foods, Inc is expected to release its next quarterly earnings report in June. The 18.05% annual yield figure for the share gives it an annual dividend of 0.76. It is important to note, however, that the 18.05% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 12.1514% or 9.61 million shares worth $77.65 million as of 2024-06-30.

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