B&G Foods (NYSE:BGS) Releases Earnings Results, Meets Estimates

by · The Cerbat Gem

B&G Foods (NYSE:BGS – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08, FiscalAI reports. The business had revenue of $365.13 million for the quarter, compared to analyst estimates of $398.81 million. B&G Foods had a positive return on equity of 8.43% and a negative net margin of 2.37%. B&G Foods updated its FY 2026 guidance to 0.575-0.675 EPS.

B&G Foods Stock Performance

Shares of BGS traded down $0.01 during mid-day trading on Tuesday, reaching $5.09. The company had a trading volume of 2,218,241 shares, compared to its average volume of 2,042,034. The stock has a market capitalization of $408.88 million, a P/E ratio of -9.42 and a beta of 0.58. The stock has a 50 day moving average of $5.25 and a two-hundred day moving average of $4.80. The company has a quick ratio of 1.43, a current ratio of 3.32 and a debt-to-equity ratio of 4.30. B&G Foods has a 52-week low of $3.67 and a 52-week high of $6.38.

B&G Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were paid a $0.19 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 14.9%. B&G Foods’s dividend payout ratio is presently -140.74%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BGS shares. Evercore set a $5.00 price objective on B&G Foods in a report on Wednesday, March 4th. TD Cowen restated a “sell” rating on shares of B&G Foods in a research note on Wednesday, March 4th. Finally, Barclays upped their target price on B&G Foods from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 14th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, B&G Foods currently has an average rating of “Reduce” and a consensus target price of $4.88.

Read Our Latest Stock Analysis on BGS

Insiders Place Their Bets

In other B&G Foods news, Director David L. Wenner sold 19,500 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $5.19, for a total transaction of $101,205.00. Following the transaction, the director owned 787,566 shares in the company, valued at approximately $4,087,467.54. This represents a 2.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Martin C. Schoch sold 11,321 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $5.40, for a total value of $61,133.40. Following the transaction, the executive vice president owned 34,347 shares in the company, valued at $185,473.80. This represents a 24.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 50,821 shares of company stock worth $266,138. 5.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On B&G Foods

A number of hedge funds have recently bought and sold shares of BGS. Goldman Sachs Group Inc. boosted its position in B&G Foods by 324.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,707,044 shares of the company’s stock worth $15,940,000 after purchasing an additional 2,833,090 shares in the last quarter. Millennium Management LLC boosted its position in B&G Foods by 15,131.8% during the first quarter. Millennium Management LLC now owns 1,887,984 shares of the company’s stock worth $12,970,000 after purchasing an additional 1,875,589 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of B&G Foods by 26.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,377,381 shares of the company’s stock valued at $14,523,000 after acquiring an additional 705,958 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of B&G Foods by 142.7% during the second quarter. Bank of America Corp DE now owns 1,193,473 shares of the company’s stock valued at $5,048,000 after acquiring an additional 701,660 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of B&G Foods by 566.8% during the second quarter. Marshall Wace LLP now owns 700,640 shares of the company’s stock valued at $2,964,000 after acquiring an additional 595,571 shares during the last quarter. Hedge funds and other institutional investors own 66.15% of the company’s stock.

B&G Foods Company Profile

(Get Free Report)

B&G Foods, Inc is a packaged foods holding company that develops, markets and distributes a diversified portfolio of branded shelf-stable and frozen food products. Headquartered in Parsippany, New Jersey, the company serves retail and foodservice customers across the United States and Canada. Through its network of manufacturing facilities, third-party co-packers and distribution partners, B&G Foods supplies grocery chains, mass merchandisers, club stores and e-commerce platforms.

The company’s product portfolio spans multiple categories, including vegetables, beans, soups, sauces and condiments, snacks, cereals and refrigerated or frozen offerings.

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