B&G Foods (NYSE:BGS – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.575-0.675 for the period, compared to the consensus EPS estimate of 0.610. The company issued revenue guidance of $1.7 billion-$1.8 billion, compared to the consensus revenue estimate of $1.7 billion.
B&G Foods Stock Down 0.1%
BGS stock opened at $5.09 on Wednesday. The company has a market cap of $408.89 million, a price-to-earnings ratio of -9.42 and a beta of 0.58. The company has a current ratio of 3.32, a quick ratio of 1.43 and a debt-to-equity ratio of 4.30. B&G Foods has a 12 month low of $3.67 and a 12 month high of $6.38. The firm has a 50-day moving average of $5.25 and a two-hundred day moving average of $4.81.
B&G Foods (NYSE:BGS – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $365.13 million during the quarter, compared to the consensus estimate of $398.81 million. B&G Foods had a negative net margin of 2.37% and a positive return on equity of 8.43%. B&G Foods’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 EPS. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. As a group, analysts forecast that B&G Foods will post 0.54 earnings per share for the current fiscal year.
B&G Foods Cuts Dividend
Analyst Upgrades and Downgrades
BGS has been the subject of a number of recent research reports. Barclays increased their price objective on shares of B&G Foods from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Tuesday, April 14th. TD Cowen restated a “sell” rating on shares of B&G Foods in a report on Wednesday, March 4th. Finally, Evercore set a $5.00 price target on shares of B&G Foods in a report on Wednesday, March 4th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $4.88.
Check Out Our Latest Stock Analysis on BGS
Insider Buying and Selling
In other B&G Foods news, EVP Martin C. Schoch sold 11,321 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $5.40, for a total value of $61,133.40. Following the completion of the transaction, the executive vice president owned 34,347 shares of the company’s stock, valued at $185,473.80. This trade represents a 24.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David L. Wenner sold 19,500 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $5.19, for a total transaction of $101,205.00. Following the completion of the transaction, the director directly owned 787,566 shares of the company’s stock, valued at $4,087,467.54. This represents a 2.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 50,821 shares of company stock valued at $266,138. Company insiders own 5.30% of the company’s stock.
Key B&G Foods News
Here are the key news stories impacting B&G Foods this week:
- Positive Sentiment: B&G Foods reported Q1 EPS of $0.08, matching analyst expectations, and it lifted FY 2026 guidance to $0.575-$0.675 per share, signaling management sees better earnings ahead. B&G Foods Reports Financial Results for First Quarter 2026
- Positive Sentiment: The company declared a quarterly dividend of $0.095 per share, implying an annualized yield of about 7.5%, which may appeal to income-focused investors. B&G Foods Declares Quarterly Dividend
- Positive Sentiment: Shares also benefited from portfolio reshaping news, including the Green Giant U.S. frozen divestiture and the College Inn/Kitchen Basics acquisition, which could improve the company’s long-term mix and profitability. B&G Foods Reshapes Portfolio with Divestiture and Acquisition
- Neutral Sentiment: Revenue for the quarter was $365.1 million, below analyst estimates of $398.8 million and down 3.9% year over year, showing that top-line pressure remains a concern. B&G Foods Reports Financial Results for First Quarter 2026
- Neutral Sentiment: Analysts and commentary around the earnings call suggest the business is still in a recovery phase, with growth limited for now despite an attractive valuation and dividend yield. B&G Foods: Growth, Recovery Still Frozen, But Valuation, Dividend Yields Remain Warm
- Negative Sentiment: The company’s business remains burdened by weak margins and a heavy debt load, which could limit upside if sales recovery does not accelerate. B&G Foods, Inc. (BGS) Q1 2026 Earnings Call Transcript
Hedge Funds Weigh In On B&G Foods
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new position in B&G Foods in the 4th quarter valued at approximately $366,000. Prudential Financial Inc. raised its stake in B&G Foods by 5.6% in the second quarter. Prudential Financial Inc. now owns 83,807 shares of the company’s stock valued at $355,000 after buying an additional 4,447 shares in the last quarter. Cerity Partners LLC acquired a new stake in B&G Foods in the second quarter valued at $228,000. Corient Private Wealth LLC raised its stake in B&G Foods by 50.0% in the fourth quarter. Corient Private Wealth LLC now owns 52,611 shares of the company’s stock valued at $226,000 after buying an additional 17,542 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in B&G Foods by 31.6% in the second quarter. Russell Investments Group Ltd. now owns 47,174 shares of the company’s stock valued at $200,000 after buying an additional 11,328 shares in the last quarter. Hedge funds and other institutional investors own 66.15% of the company’s stock.
About B&G Foods
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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