B&G Foods Holdings (BGS)
NYSE:BGS
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B&G Foods
(NYSE:BGS)
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Rating:53Neutral
Price Target:
$5.50
â–²(1.29% Upside)
Action:ReiteratedDate:05/06/26
The score is held back primarily by weak financial performance—multi-year revenue declines, recurring net losses, and historically high leverage—despite relatively resilient cash generation. Offsetting factors include moderately improving technical momentum and a cautiously optimistic outlook from guidance and portfolio reshaping, while valuation is mixed due to a very high yield alongside loss-driven negative earnings.
Positive Factors
Operating cash flow & FCF recovery
Improved operating cash flow and a rebound in free cash flow provide durable liquidity to fund operations, service debt, support the dividend and finance deal activity. Over the next several quarters this stronger cash conversion increases financial flexibility despite volatile prior years.
Negative Factors
Elevated leverage and deleveraging need
Sustained high leverage limits strategic flexibility and raises interest and covenant risk. Management targets lower net-debt/EBITDA, but meaningful deleveraging is needed; until leverage materially falls, financing, M&A optionality and the dividend policy remain vulnerable to weaker cash flow outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash flow & FCF recovery
Improved operating cash flow and a rebound in free cash flow provide durable liquidity to fund operations, service debt, support the dividend and finance deal activity. Over the next several quarters this stronger cash conversion increases financial flexibility despite volatile prior years.
Read all positive factors
B&G Foods (BGS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$431.00M
Dividend Yield17.12%
Average Volume (3M)1.94M
Price to Earnings (P/E)―
Beta (1Y)-0.06
Revenue Growth-5.37%
EPS Growth82.98%
CountryUS
Employees2,846
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)-0.54
Shares Outstanding80,411,080
10 Day Avg. Volume1,862,969
30 Day Avg. Volume1,939,411
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.74
Price to Sales (P/S)0.18
P/FCF Ratio4.73
Enterprise Value/Market Cap5.53
Enterprise Value/Revenue1.30
Enterprise Value/Gross Profit5.98
Enterprise Value/Ebitda14.77
Forecast
1Y Price Target
$5.20Price Target Upside-4.24% Downside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)0.62
Revenue Forecast (FY)$1.76B
B&G Foods Business Overview & Revenue Model
Company Description
B&G Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canol...
How the Company Makes Money
B&G Foods makes money primarily by selling branded packaged food products to retail and food distribution customers. Revenue is generated when the company ships products (manufactured internally and/or sourced from co-manufacturers) to customers s...
B&G Foods Earnings Call Summary
Earnings Call Date:Mar 03, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 12, 2026
Earnings Call Sentiment Neutral
The call presents a mixed but constructive picture. Management is actively reshaping the portfolio—selling lower-fit assets (Green Giant U.S. frozen and pending Canada divestiture) and acquiring higher-margin broth brands (College Inn and Kitchen Basics)—and reported improved adjusted margins, productivity gains (COGS improvement ~120 bps), solid adjusted EBITDA and strong operating cash flow. Near-term headwinds include significant non-cash impairment charges that produced GAAP net losses, tariff-related costs (~$9.5M FY), margin pressure in the spices business, and still-elevated leverage (~6.3x pro forma) that requires further deleveraging. Management’s fiscal 2026 guidance (adjusted EBITDA $265M–$275M, net sales $1,655M–$1,695M) and reported early-year base business momentum (~4% YTD through February) provide a cautiously optimistic outlook, but execution risk around transaction closings, tariff volatility, and debt reduction remains.Positive Updates
Q4 and Fiscal 2025 Adjusted Profitability
Q4 adjusted EBITDA of $84.7M (15.7% of net sales) and fiscal 2025 adjusted EBITDA of $272.2M (14.9% of net sales) demonstrating solid underlying profitability on an adjusted basis despite reported GAAP losses.
Negative Updates
GAAP Net Losses and Significant Impairments
Reported net loss for Q4 2025 of $15.2M ($0.19 per diluted share) and fiscal 2025 net loss of $43.3M ($0.54). Pretax noncash impairment charges totaled material amounts in 2025 including $34.8M (Green Giant trademark/customer assets), $26.0M (Victoria and McCann’s intangible assets), and $27.8M (assets held for sale for Green Giant Canada) plus an additional $0.7M in Q4, which drove the GAAP losses.
Read all updates
Q4-2025 Updates
Positive
Negative
Q4 and Fiscal 2025 Adjusted Profitability
Q4 adjusted EBITDA of $84.7M (15.7% of net sales) and fiscal 2025 adjusted EBITDA of $272.2M (14.9% of net sales) demonstrating solid underlying profitability on an adjusted basis despite reported GAAP losses.
Read all positive updates
Company Guidance
Management guided fiscal 2026 net sales of $1.655–$1.695 billion and adjusted EBITDA of $265–$275 million (approximately 16%–16.5% of sales), with adjusted diluted EPS of $0.55–$0.65; they expect base business trends to improve ~0.4% year‑over‑year (Q1 YTD through February up roughly 4%). The guidance excludes the pending Green Giant Canada divestiture and the College Inn/Kitchen Basics acquisition; the recently closed Green Giant U.S. frozen sale removes about $203 million of net sales year‑over‑year but will leave roughly $80 million of co‑pack revenue from March–year‑end (≈$100 million annual run‑rate) and is expected to be at least EBITDA‑neutral after cost restructuring. Management also factored out the fiscal 2025 53rd‑week benefit (~$18 million of net sales) and prior divestitures that removed ~$38.4 million of net sales and ~$5.4 million of adjusted EBITDA; FY25 tariff headwinds totaled ~ $9.5 million (Q4 ~$4.4 million) and are being recovered via pricing. Finally, they expect to reduce net debt leverage toward nearly 6.0x pro‑forma covenant adjusted EBITDA by mid‑year (year‑end net debt $1.912B; pro‑forma about $1.835B and roughly <6.25x) on the path to a long‑term target below 5.5x.B&G Foods Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
24
Negative
Cash Flow
54
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.83B | 1.93B | 2.06B | 2.16B | 2.06B |
| Gross Profit | 398.82M | 421.95M | 455.52M | 409.62M | 436.97M |
| EBITDA | 97.15M | -85.06M | 172.58M | 203.44M | 297.40M |
| Net Income | -43.26M | -251.25M | -66.20M | -11.37M | 67.36M |
Balance Sheet | |||||
| Total Assets | 2.83B | 2.99B | 3.46B | 3.84B | 3.83B |
| Cash, Cash Equivalents and Short-Term Investments | 56.29M | 50.58M | 41.09M | 45.44M | 33.69M |
| Total Debt | 2.00B | 2.08B | 2.12B | 2.46B | 2.34B |
| Total Liabilities | 2.38B | 2.47B | 2.63B | 2.97B | 2.91B |
| Stockholders Equity | 453.22M | 524.81M | 835.46M | 868.17M | 920.25M |
Cash Flow | |||||
| Free Cash Flow | 70.75M | 103.65M | 222.07M | -16.32M | 50.30M |
| Operating Cash Flow | 101.40M | 130.91M | 247.76M | 5.96M | 93.88M |
| Investing Cash Flow | 39.32M | -27.68M | 81.59M | -39.15M | -42.84M |
| Financing Cash Flow | -135.81M | -92.96M | -333.69M | 45.34M | -69.84M |
B&G Foods Technical Analysis
Positive
5.43
Price Trends
5.06
Positive
4.62
Positive
4.27
Positive
Market Momentum
0.15
Negative
59.76
Neutral
71.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BGS, the sentiment is Positive. The current price of 5.43 is above the 20-day moving average (MA) of 5.09, above the 50-day MA of 5.06, and above the 200-day MA of 4.27, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 59.76 is Neutral, neither overbought nor oversold. The STOCH value of 71.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BGS.
B&G Foods Risk Analysis
B&G Foods disclosed 41 risk factors in its most recent earnings report. B&G Foods reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
B&G Foods Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $1.60B | 491.43 | 6.48% | 3.53% | -1.55% | -27.49% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | $10.34B | -3.86 | -21.55% | 4.45% | 1.58% | -389.82% | |
56 Neutral | $6.63B | 11.30 | -0.51% | 7.87% | -4.73% | -112.96% | |
54 Neutral | $6.11B | 14.14 | 13.98% | 5.64% | -0.81% | 5.57% | |
53 Neutral | $431.00M | -5.52 | -8.93% | 17.12% | -5.37% | 82.98% |
* Consumer Defensive Sector Average
BGS
B&G Foods
5.36
0.03
0.51%
CPB
Campbell Soup
20.50
-13.04
-38.88%
CAG
Conagra Brands
13.85
-7.64
-35.55%
JJSF
J & J Snack Foods
84.36
-27.98
-24.91%
SJM
JM Smucker
96.91
-12.21
-11.19%
B&G Foods Corporate Events
Business Operations and StrategyExecutive/Board Changes
B&G Foods Announces Executive Departures and Interim Leadership Shift
Negative
May 5, 2026
BG Foods disclosed leadership changes affecting key business units, with Executive Vice President and President of Specialty and Interim President of Meals Ellen M. Schum mutually agreeing on April 30, 2026 that her last day with the company would...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
B&G Foods Finalizes Acquisition of Del Monte Broth Brands
Positive
Mar 20, 2026
On March 19, 2026, BG 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...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
B&G Foods Posts Narrower Loss as Core Trends Improve
Negative
Mar 3, 2026
BG Foods reported that fourth-quarter 2025 net sales slipped 2.2% to $539.6 million, as divestitures of Don Pepino and Le Sueur U.S. weighed on results, though base business sales eked out a 0.8% gain on better pricing and volume. The quarter prod...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.