Is B&G Foods, Inc (NYSE: BGS) Still On The Rise?

After Hours

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. Yahoo Finance discussed the stock recently as it posted B&G Foods Reports Financial Results for Fourth Quarter and Full Year 2023.

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Stocks Info

This NYSE-listed company operates within the Packaged Foods industry segment, falling under the Consumer Defensive sector. The current market capitalization of B&G Foods, Inc is $876.61M. A total of 1.08 million shares were traded on the day, compared to an average of 1.22M shares.

Insider trades can also provide insight into a stock’s future direction. 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

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, BGS has a high of $16.68 and a low of $7.20.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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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