In yesterday’s Wall Street session, B&G Foods, Inc (NYSE:BGS) shares traded at $6.60, down -6.65% from the previous session.
BGS stock price is now -22.75% away from the 50-day moving average and -29.44% away from the 200-day moving average. The market capitalization of the company currently stands at $522.48M.
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With the price target maintained at $9, Piper Sandler recently Upgraded its rating from Underweight to Neutral for B&G Foods, Inc (NYSE: BGS). On October 04, 2023, Piper Sandler Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock reducing its target price from $14 to quote $8, while ‘TD Cowen’ rates the stock as ‘Underperform’
In other news, Greenberg Jordan E, EVP & PRES OF SPICES & FLAVOR sold 8,000 shares of the company’s stock on Sep 03 ’24. The stock was sold for $66,638 at an average price of $8.33. Upon completion of the transaction, the EVP & PRES OF SPICES & FLAVOR now directly owns 66,095 shares in the company, valued at $0.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 03 ’24, Officer Greenberg Jordan E bought 8,000 shares of the business’s stock. A total of $69,040 was incurred on buying the stock at an average price of $8.63. A total of 2.95% of the company’s stock is owned by insiders.
During the past 12 months, B&G Foods, Inc has had a low of $7.02 and a high of $11.97. As of last week, the company has a debt-to-equity ratio of 2.83, a current ratio of 1.64, and a quick ratio of 0.49. The fifty day moving average price for BGS is $8.582 and a two-hundred day moving average price translates $9.3706 for the stock.
The latest earnings results from B&G Foods, Inc (NYSE: BGS) was released for 2024-09-28. The net profit margin was -1.34% and return on equity was -3.29% for BGS. The company reported revenue of $461.07 million for the quarter, compared to $502.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.29 percent.
