B&G Foods, Inc (NYSE: BGS) is 3.48% higher on its value in year-to-date trading and has touched a low of $6.12 and a high of $11.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BGS stock was last observed hovering at around $6.89 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $7.13, the stock is -1.88% and -1.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 3.48% at the moment leaves the stock -18.14% off its SMA200. BGS registered -36.00% loss for a year compared to 6-month loss of -9.06%. The firm has a 50-day simple moving average (SMA 50) of $7.2606 and a 200-day simple moving average (SMA200) of $8.7096.
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The stock witnessed a 3.78% gain in the last 1 month and extending the period to 3 months gives it a -18.89%, and is 0.42% 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 3.33% over the week and 4.57% over the month.
B&G Foods, Inc (BGS) has around 2912 employees, a market worth around $564.44M and $1.96B in sales. Fwd P/E is 10.64. Profit margin for the company is -1.34%. Distance from 52-week low is 16.50% and -40.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.01%).
The EPS is expected to shrink by -30.01% this year
323.0 institutions hold shares in B&G Foods, Inc (BGS), with institutional investors hold 69.30% of the company’s shares. The shares outstanding are 79.16M, and float is at 76.73M with Short Float at 11.86%. Institutions hold 67.26% 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 purchase by Hart Eric H, the company’s EVP OF HUMAN RESOURCES & CHRO. SEC filings show that Hart Eric H bought 5,000 shares of the company’s common stock on Nov 15 ’24 at a price of $6.25 per share for a total of $31238.0. Following the purchase, the insider now owns 88899.0 shares.
B&G Foods, Inc disclosed in a document filed with the SEC on Nov 13 ’24 that Vogel Andrew D (EVP, PRESIDENT OF MEALS) bought a total of 7,500 shares of the company’s common stock. The trade occurred on Nov 13 ’24 and was made at $6.36 per share for $47700.0. Following the transaction, the insider now directly holds 37064.0 shares of the BGS stock.
Still, SEC filings show that on Nov 08 ’24, SHERRILL STEPHEN (Director) acquired 70,000 shares at an average price of $6.63 for $0.46 million. The insider now directly holds 353,084 shares of B&G Foods, Inc (BGS).
