Piper Sandler has recently raised B&G Foods Inc (BGS) stock to Neutral rating, as announced on May 16, 2024, according to Finviz. Earlier, on October 4, 2023, Piper Sandler had reduced the stock from a Neutral to Underweight, setting a price target of $8 for BGS stock. TD Cowen also initiated Underperform rating with a price target of $10. Additionally, Consumer Edge Research reduced Underweight rating on December 1, 2022, with a target price of $9. Piper Sandler analysts, in their report published on June 14, 2022, also raised Neutral rating and set a price target of $25 for B&G Foods Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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B&G Foods Inc (BGS) Stock Trading Recap
On Monday, B&G Foods Inc (BGS) stock saw a decline, ending the day at $8.88 which represents a decrease of $-0.46 or -4.93% from the prior close of $9.34. The stock opened at $9.15 and touched a low of $8.86 during the day, reaching a high of $9.15. The volume of shares traded was 0.94 million exceeding the average volume of 0.88 million.
BGS Stock Performance and Moving Averages
In recent trading, B&G Foods Inc (BGS) stock price has shown some volatility, fluctuating -1.88% over the last five trades and 4.84% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -21.35%, and it has gained 11.70% in the previous three months. Currently, BGS is trading at 0.32%, 3.48%, and -8.12% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, BGS, a Consumer Defensive sector stock, is trading -25.81% below its 52-week high but remains 23.33% above its 52-week low. The Average True Range (ATR) (14 days) of 0.27 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
B&G Foods Inc’s Profitability and Valuation Ratios
B&G Foods Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 11.66% and a profit margin of -5.82%, with a gross margin of -21.35%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, B&G Foods Inc’s market capitalization stands at $702.94 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 11.34. Additionally, the Price-to-Sales Ratio is 0.35, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.92, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 2.95% of B&G Foods Inc (BGS)’s shares, while financial institutions hold 65.60%.
