B&G Foods (NYSE:BGS – Get Free Report) released its earnings results on Tuesday. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06, FiscalAI reports. The firm had revenue of $383.27 million for the quarter, compared to the consensus estimate of $394.92 million. B&G Foods had a negative net margin of 4.23% and a positive return on equity of 9.67%. B&G Foods updated its FY 2026 guidance to 0.575-0.675 EPS.
B&G Foods Stock Up 1.0%
B&G Foods stock traded up $0.04 during mid-day trading on Tuesday, reaching $3.44. The stock had a trading volume of 2,760,600 shares, compared to its average volume of 2,127,945. B&G Foods has a one year low of $3.35 and a one year high of $6.38. The company has a 50-day moving average price of $3.82 and a two-hundred day moving average price of $4.56. The company has a market capitalization of $278.82 million, a price-to-earnings ratio of -3.58 and a beta of 0.50. The company has a debt-to-equity ratio of 4.96, a current ratio of 2.99 and a quick ratio of 1.42.
B&G Foods Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be given a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend is Wednesday, September 30th. B&G Foods’s payout ratio is currently -39.58%.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
BGS has been the topic of several research reports. Jefferies Financial Group set a $4.00 price objective on shares of B&G Foods in a research note on Wednesday, July 22nd. Weiss Ratings downgraded shares of B&G Foods from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. Finally, Barclays lowered their target price on shares of B&G Foods from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $4.38.
View Our Latest Stock Report on BGS
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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