While B&G Foods, Inc has overperformed by 2.09%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BGS fell by -24.75%, with highs and lows ranging from $16.68 to $7.20, whereas the simple moving average jumped by 2.45% in the last 200 days.
On October 04, 2023, Piper Sandler Downgraded B&G Foods, Inc (NYSE: BGS) to Underweight. A report published by TD Cowen on September 13, 2023, Initiated its previous ‘Underperform’ rating for BGS. Consumer Edge Research also Downgraded BGS shares as ‘Underweight’, setting a target price of $9 on the company’s shares in a report dated December 01, 2022. Piper Sandler June 14, 2022d the rating to Neutral on June 14, 2022, and set its price target from $25 to $23. Piper Sandler November 05, 2021d its ‘Neutral’ rating to ‘Underweight’ for BGS, as published in its report on November 05, 2021. Piper Sandler’s report from March 22, 2021 suggests a price prediction of $31 for BGS shares, giving the stock a ‘Neutral’ rating. Stephens also rated the stock as ‘Equal-Weight’.
Analysis of B&G Foods, Inc (BGS)
With BGS’s current dividend of $0.76 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter decrease in sales is -7.24%, showing a negative trend in the upcoming months.
B&G Foods, Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -7.77% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.89, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and BGS has an average volume of 1.13M. On a monthly basis, the volatility of the stock is set at 4.23%, whereas on a weekly basis, it is put at 3.71%, with a gain of 1.17% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.14, showing decline from the present price of $11.25, which can serve as yet another indication of whether BGS is worth investing in or should be passed over.
How Do You Analyze B&G Foods, Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.38%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 66.48% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BGS shares are owned by institutional investors to the tune of 66.48% at present.
