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The latest announcement is out from B&G Foods ( (BGS) ).
On January 15, 2026, B&G Foods announced it had entered into an agreement to acquire Del Monte Foods’ College Inn and Kitchen Basics broth and stock business for approximately $110 million in cash, plus an inventory-based adjustment and assumption of certain liabilities, following a competitive auction conducted amid Del Monte’s Chapter 11 proceedings. The deal, which is subject to U.S. Bankruptcy Court approval, customary closing conditions and the simultaneous closing of two unrelated Del Monte bankruptcy asset sales, is expected to close in the first quarter of 2026 and will be funded with cash on hand, including divestiture proceeds, and borrowings under B&G’s existing revolving credit facility; B&G projects the acquired brands will generate $110 million–$120 million in annual net sales, $18 million–$22 million in adjusted EBITDA, be immediately accretive to earnings, deliver roughly $15 million in tax benefits due to the asset-purchase structure, and strengthen its portfolio with well-established pantry-staple brands acquired at a mid-single-digit EBITDA multiple.
The most recent analyst rating on (BGS) stock is a Hold with a $4.00 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.
B&G Foods faces significant financial challenges, including declining revenues and high leverage, which are major concerns. However, the company’s technical indicators and high dividend yield provide some positive aspects. The earnings call highlighted mixed results, with improvements in adjusted EBITDA and cost-saving initiatives, but ongoing challenges with net sales and tariffs.
To see Spark’s full report on BGS stock, click here.
More about B&G Foods
Based in Parsippany, New Jersey, B&G Foods, Inc. manufactures, sells and distributes branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico, with a portfolio of more than 50 consumer brands including Green Giant, Crisco, Cream of Wheat, Ortega and others, targeting mainstream retail consumers seeking established pantry staples.
Average Trading Volume: 1,930,585
Technical Sentiment Signal: Sell
Current Market Cap: $340.7M
See more insights into BGS stock on TipRanks’ Stock Analysis page.