B&G Foods Finalizes Acquisition of Del Monte Broth Brands

An update from B&G Foods ( (BGS) ) is now available.

On March 19, 2026, B&G Foods completed the $110 million cash acquisition of Del Monte Foods’ College Inn and Kitchen Basics broth and stock business, adding trademarks, customer relationships, supply agreements and inventory secured through a bankruptcy auction process. The deal, funded with cash on hand and draws under its credit facility, strengthens B&G Foods’ presence in the broth and stock category and is expected to be immediately accretive, with the acquired brands projected on an annualized basis to generate $110 million to $120 million in net sales, $18 million to $22 million in adjusted EBITDA, $0.08 to $0.12 in adjusted diluted EPS and roughly $15 million in tax benefits, implying a purchase multiple of about 5.5 times adjusted EBITDA, or 4.8 times net of expected tax benefits.

The most recent analyst rating on (BGS) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on B&G Foods stock, see the BGS Stock Forecast page.

Spark’s Take on BGS Stock

According to Spark, TipRanks’ AI Analyst, BGS is a Neutral.

The score is held down primarily by weak financial performance—persistent revenue declines, multi-year net losses, and historically high leverage—despite comparatively resilient cash generation. Technicals are moderately constructive with price above major moving averages and neutral momentum. A very high dividend yield and management’s EBITDA/cost-savings and deleveraging plans offer support, but profitability and sales pressure remain key risks.

To see Spark’s full report on BGS stock, click here.

More about B&G Foods

Based in Parsippany, N.J., B&G Foods, Inc. is a packaged foods company that manufactures, sells and distributes branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. The group owns a diversified portfolio of more than 50 consumer brands, ranging from pantry staples like Cream of Wheat and Crisco to frozen vegetables under Green Giant and various sauces, spices and meal solutions.

Average Trading Volume: 2,147,052

Technical Sentiment Signal: Sell

Current Market Cap: $395.9M

For an in-depth examination of BGS stock, go to TipRanks’ Overview page.