B&G Foods (NYSE:BGS) Issues FY 2026 Earnings Guidance

B&G Foods (NYSE:BGS) updated its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 0.575-0.675 for the period, compared to the consensus EPS estimate of 0.610. The company issued revenue guidance of $1.7 billion-$1.8 billion, compared to the consensus revenue estimate of $1.7 billion.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of B&G Foods from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 14th. TD Cowen restated a “sell” rating on shares of B&G Foods in a research report on Wednesday, March 4th. Finally, Evercore set a $5.00 price target on shares of B&G Foods in a research report on Wednesday, March 4th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $4.88.

B&G Foods Trading Down 0.1%

Shares of BGS traded down $0.01 during trading hours on Tuesday, reaching $5.09. 2,168,286 shares of the company traded hands, compared to its average volume of 2,041,532. The firm has a market cap of $408.88 million, a price-to-earnings ratio of -9.42 and a beta of 0.58. B&G Foods has a 12-month low of $3.67 and a 12-month high of $6.38. The company has a current ratio of 3.32, a quick ratio of 1.43 and a debt-to-equity ratio of 4.30. The stock’s fifty day moving average price is $5.25 and its 200 day moving average price is $4.80.

B&G Foods (NYSE:BGS) last issued its earnings results on Tuesday, May 12th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $365.13 million during the quarter, compared to analyst estimates of $398.81 million. B&G Foods had a negative net margin of 2.37% and a positive return on equity of 8.43%. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. Sell-side analysts forecast that B&G Foods will post 0.54 earnings per share for the current year.

B&G Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 14.9%. B&G Foods’s dividend payout ratio is -140.74%.

Insider Buying and Selling

In related news, EVP Martin C. Schoch sold 11,321 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $5.40, for a total value of $61,133.40. Following the completion of the sale, the executive vice president directly owned 34,347 shares of the company’s stock, valued at $185,473.80. This represents a 24.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David L. Wenner sold 19,500 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $5.19, for a total transaction of $101,205.00. Following the completion of the sale, the director directly owned 787,566 shares of the company’s stock, valued at approximately $4,087,467.54. This trade represents a 2.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 50,821 shares of company stock valued at $266,138 over the last three months. 5.30% of the stock is owned by company insiders.

Institutional Trading of B&G Foods

A number of hedge funds have recently added to or reduced their stakes in BGS. Goldman Sachs Group Inc. lifted its stake in B&G Foods by 324.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,707,044 shares of the company’s stock worth $15,940,000 after acquiring an additional 2,833,090 shares during the period. Millennium Management LLC lifted its stake in B&G Foods by 15,131.8% in the first quarter. Millennium Management LLC now owns 1,887,984 shares of the company’s stock worth $12,970,000 after acquiring an additional 1,875,589 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in B&G Foods by 26.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,377,381 shares of the company’s stock worth $14,523,000 after acquiring an additional 705,958 shares during the period. Bank of America Corp DE lifted its stake in B&G Foods by 142.7% in the second quarter. Bank of America Corp DE now owns 1,193,473 shares of the company’s stock worth $5,048,000 after acquiring an additional 701,660 shares during the period. Finally, Marshall Wace LLP lifted its stake in B&G Foods by 566.8% in the second quarter. Marshall Wace LLP now owns 700,640 shares of the company’s stock worth $2,964,000 after acquiring an additional 595,571 shares during the period. 66.15% of the stock is owned by hedge funds and other institutional investors.

About B&G Foods

B&G Foods, Inc is a packaged foods holding company that develops, markets and distributes a diversified portfolio of branded shelf-stable and frozen food products. Headquartered in Parsippany, New Jersey, the company serves retail and foodservice customers across the United States and Canada. Through its network of manufacturing facilities, third-party co-packers and distribution partners, B&G Foods supplies grocery chains, mass merchandisers, club stores and e-commerce platforms.

The company’s product portfolio spans multiple categories, including vegetables, beans, soups, sauces and condiments, snacks, cereals and refrigerated or frozen offerings.