Recent significant negative changes in fundamentals have impacted B&G Foods Inc (NYSE: BGS): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
B&G Foods Inc (NYSE: BGS) suffers from meaningful negative changes in investment behavior: its longer term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
BGS is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
B&G Foods has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. B&G Foods has a slightly positive Appreciation Score of 61 but a poor Power Rating of 15, with the Negative Value Trend Rating the result.
Recent Price Action
B&G Foods Inc (NYSE: BGS) stock closed at $8.31 on 8/13/24 after a large increase of 3.6%. However, trading volume in this advance was below average at 80% of normal. Relative to the market the stock has been weak over the last nine months and has declined -0.7% during the last week.
Be the first to comment