B&G Foods (NYSE:BGS) Announces Quarterly Earnings Results

B&G Foods (NYSE:BGS) released its quarterly earnings data on Tuesday. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01, Zacks reports. B&G Foods had a negative net margin of 1.34% and a positive return on equity of 6.97%. B&G Foods updated its FY 2025 guidance to 0.650-0.750 EPS.

B&G Foods Stock Performance

Shares of BGS stock opened at $6.86 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 0.49 and a debt-to-equity ratio of 2.40. B&G Foods has a 12-month low of $5.45 and a 12-month high of $11.97. The business’s 50 day moving average is $6.59 and its two-hundred day moving average is $7.50. The company has a market capitalization of $542.64 million, a P/E ratio of -20.16 and a beta of 0.50.

B&G Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.19 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 11.09%. B&G Foods’s payout ratio is -223.52%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. TD Cowen cut their price target on B&G Foods from $8.00 to $7.50 and set a “sell” rating on the stock in a research report on Wednesday, November 6th. Evercore ISI lowered their target price on B&G Foods from $10.00 to $9.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 6th. Barclays reduced their price target on B&G Foods from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Finally, Piper Sandler lowered their price objective on B&G Foods from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, B&G Foods currently has an average rating of “Hold” and a consensus price target of $8.10.

About B&G Foods

B&G Foods, Inc is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., Canada, and Puerto Rico. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, and wine vinegar.