A peek at B&G Foods, Inc (BGS): Who has invested in It?

B&G Foods, Inc (NYSE: BGS) is -6.67% lower on its value in year-to-date trading and has touched a low of $7.20 and a high of $16.68 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BGS stock was last observed hovering at around $9.69 in the last trading session, with the day’s gains setting it 0.11%.

Currently trading at $9.80, the stock is -3.30% and -4.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing 1.14% at the moment leaves the stock -14.97% off its SMA200. BGS registered -26.32% loss for a year compared to 6-month loss of -24.27%. The firm has a 50-day simple moving average (SMA 50) of $1.41 and a 200-day simple moving average (SMA200) of $14.87.

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The stock witnessed a -8.41% gain in the last 1 month and extending the period to 3 months gives it a 9.62%, and is -6.13% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.68% over the week and 3.78% over the month.

B&G Foods, Inc (BGS) has around 3085 employees, a market worth around $770.48M and $2.11B in sales. Fwd P/E is 11.58. Profit margin for the company is -2.11%. Distance from 52-week low is 36.11% and -41.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.57%).

B&G Foods, Inc quarterly earnings per share for the current quarter are estimated at $0.29 with sales reaching $569.73M over the same period.The EPS is expected to shrink by -9.80% this year, but quarterly earnings will post -5.00% year-over-year. Quarterly sales are estimated to shrink -8.60% in year-over-year returns.

334 institutions hold shares in B&G Foods, Inc (BGS), with institutional investors hold 69.27% of the company’s shares. The shares outstanding are 78.62M, and float is at 76.75M with Short Float at 8.50%. Institutions hold 67.71% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 11.58 million shares valued at $161.24 million. The investor’s holdings represent 16.02% of the BGS Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 8.84 million shares valued at $123.03 million to account for 12.23% of the shares outstanding. The other top investors are State Street Corporation which holds 2.78 million shares representing 3.85% and valued at over $38.7 million, while Charles Schwab Investment Management, Inc. holds 1.97% of the shares totaling 1.43 million with a market value of $19.86 million.

B&G Foods, Inc (BGS) Insider Activity

A total of 1 insider transactions have happened at B&G Foods, Inc (BGS) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by Greenberg Jordan E, the company’s EVP & PRES OF SPICES & FLAVOR. SEC filings show that Greenberg Jordan E sold 13,000 shares of the company’s common stock on Jun 14 at a price of $13.45 per share for a total of $0.17 million. Following the sale, the insider now owns 56999.0 shares.

B&G Foods, Inc disclosed in a document filed with the SEC on Mar 10 that Wacha Bruce C (EVP OF FINANCE & CFO) sold a total of 12,500 shares of the company’s common stock. The trade occurred on Mar 10 and was made at $14.81 per share for $0.19 million. Following the transaction, the insider now directly holds 46491.0 shares of the BGS stock.

B&G Foods, Inc (BGS): Who are the competitors?

One of the company’s main competitors (and peers) include Conagra Brands Inc. (CAG) that is trading -22.74% down over the past 12 months.Hain Celestial Group Inc. (HAIN) lies in the list of competitors of the B&G Foods, Inc and is -45.82% lower over the same period from BGSPost Holdings Inc. (POST) is 16.07% up on the 1-year trading charts.