Value Investing Philosophy And B&G Foods, Inc (NYSE: BGS)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that B&G Foods Reports Financial Results for Fourth Quarter and Full Year 2023.

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Stocks Info

BGS belongs to the Consumer Defensive sector of the NYSE while operating in the Packaged Foods industry. The current market capitalization of B&G Foods, Inc is $908.06M. A total of 2.67 million shares were traded on the day, compared to an average of 1.21M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, BGS has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 11,027 shares. Over the last 12 months, there were 18 BUYs and 13 SELLs from insiders. Insiders purchased 286,182 shares during that period but sold 45,975.

In the most recent transaction, Greenberg Jordan E sold 13,000 shares of BGS for 13.45 per share on Jun 14. After the transaction, the EVP & PRES OF SPICES & FLAVOR now owns 56,999 company shares. In a previous transaction on Mar 10, Wacha Bruce C sold 12,500 shares at 14.81 per share. BGS shares that EVP OF FINANCE & CFO owns now total 46,491.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. BGS’s most recent ex-dividend date was 3/27/2024 when it declared a $0.19 quarterly dividend that was paid in cash on 4/30/2024. Previously, the company paid the dividend on 1/30/2024 with an ex-dividend date of 12/28/2023. The BGS stock dividend was $0.19 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for BGS in the last 3 months, the mean price target is $9.86 with high estimates of $12.00 and low estimates of $8.00. In terms of 52-week highs and lows, BGS has a high of $16.68 and a low of $7.20.

As of this writing, BGS has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.24 per share and a lower estimate of $0.12. The company reported an EPS of $0.27 in the last quarter, which was 17.40% higher than expectations of $0.23.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. BGS’s latest balance sheet shows that the firm has $33.69M in Cash & Short Term Investments as of fiscal 2021. There were $2.34B in debt and $244.29M in liabilities at the time. Its Book Value Per Share was $10.63, while its Total Shareholder’s Equity was $920.25M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BGS is Buy with a score of 2.20.

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