B&G Foods, Inc (NYSE: BGS) is -17.52% lower on its value in year-to-date trading and has touched a low of $7.62 and a high of $11.97 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 $8.62 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $8.66, the stock is 3.37% and 0.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing 0.46% at the moment leaves the stock -7.81% off its SMA200. BGS registered 0.23% gain for a year compared to 6-month loss of -22.26%. The firm has a 50-day simple moving average (SMA 50) of $8.6038 and a 200-day simple moving average (SMA200) of $9.3993.
The stock witnessed a 2.61% gain in the last 1 month and extending the period to 3 months gives it a 0.00%, and is 0.93% up 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 2.84% over the week and 2.79% over the month.
B&G Foods, Inc (BGS) has around 2912 employees, a market worth around $693.60M and $2.00B in sales. Fwd P/E is 11.06. Profit margin for the company is -5.82%. Distance from 52-week low is 13.65% and -27.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.50%).
The EPS is expected to shrink by -24.97% this year.
B&G Foods, Inc (BGS) Top Institutional Holders
322.0 institutions hold shares in B&G Foods, Inc (BGS), with institutional investors hold 69.35% of the company’s shares. The shares outstanding are 78.62M, and float is at 76.83M with Short Float at 10.10%. Institutions hold 67.40% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 12.27 million shares valued at $99.17 million. The investor’s holdings represent 15.6057% of the BGS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 9.61 million shares valued at $77.65 million to account for 12.2186 of the shares outstanding. The other top investors are STATE STREET CORP which holds 2.98 million shares representing 3.7836% and valued at over $24.61 million, while DIMENSIONAL FUND ADVISORS LP holds 2.4392 of the shares totaling 1.92 million with a market value of $15.5 million.
B&G Foods, Inc (BGS) Insider Activity
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 8,000 shares of the company’s common stock on Sep 03 ’24 at a price of $8.33 per share for a total of $66638.0. Following the sale, the insider now owns 66095.0 shares.
Still, SEC filings show that on May 13 ’24, Lerner Scott E (EVP & GENERAL COUNSEL) acquired 11,755 shares at an average price of $8.51 for $99979.0. The insider now directly holds 189,144 shares of B&G Foods, Inc (BGS).
