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B&G Foods Holdings (BGS)
NYSE:BGS

B&G Foods (BGS) AI Stock Analysis

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BGS

B&G Foods

(NYSE:BGS)

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Neutral 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
$4.50
▲(5.14% Upside)
The score is held back primarily by weak financial performance (declining sales, losses, and high leverage). Technicals and earnings-call commentary are mixed rather than clearly improving, while valuation support from the high dividend yield is offset by loss-making results (negative P/E). Corporate events add a modest positive tilt via the announced acquisition, but not enough to outweigh the balance-sheet and profitability concerns.
Positive Factors
Cost Savings Initiatives
Cost-saving measures can enhance profitability and operational efficiency, providing a buffer against revenue declines and improving margins over time.
Divestiture Strategy
Strategic divestitures can streamline operations, focus resources on core brands, and improve cash flow, aiding in debt reduction and financial stability.
Spices & Seasonings Growth
Growth in the Spices & Seasonings segment indicates strong demand and market position, supporting revenue diversification and long-term sales stability.
Negative Factors
Declining Net Sales
Declining net sales reflect challenges in maintaining market share and revenue growth, potentially impacting profitability and strategic initiatives.
High Leverage
High leverage limits financial flexibility and increases risk, potentially affecting the company's ability to invest in growth opportunities and weather economic downturns.
Tariff Challenges
Tariff challenges can erode margins and competitiveness, necessitating strategic adjustments to mitigate long-term impacts on profitability.

B&G Foods (BGS) vs. SPDR S&P 500 ETF (SPY)

B&G Foods Business Overview & Revenue Model

Company DescriptionB&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, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, baking powder and soda, corn starch, cookies and crackers, nut clusters, and other specialty products. It markets its products under various brands, including Ac'cent, B&G, B&M, Back to Nature, Baker's Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary's, Clabber Girl, Cream of Rice, Cream of Wheat, Crisco, Dash, Davis, Devonsheer, Don Pepino, Durkee, Emeril's, Grandma's Molasses, Green Giant, Joan of Arc, Las Palmas, Le Sueur, MacDonald's, Mama Mary's, Maple Grove Farms of Vermont, McCann's, Molly McButter, New York Flatbreads, New York Style, Old London, Ortega, Polaner, Red Devil, Regina, Rumford, Sa-són, Sclafani, Spice Islands, Spring Tree, Sugar Twin, Tone's, Trappey's, TrueNorth, Underwood, Vermont Maid, Victoria, and Weber and Wright's. The company also sells, markets, and distributes household products under the Static Guard brand. It sells and distributes its products directly, as well as through a network of independent brokers and distributors to supermarket chains, foodservice outlets, mass merchants, warehouse clubs, non-food outlets, and specialty distributors. The company was formerly known as B&G Foods Holdings Corp. and changed its name to B&G Foods, Inc. in October 2004. B&G Foods, Inc. was founded in 1822 and is headquartered in Parsippany, New Jersey.
How the Company Makes MoneyB&G Foods generates revenue primarily through the sale of its packaged food products across various channels, including supermarkets, mass merchants, and food service establishments. The company's revenue model is driven by several key streams, including direct sales of branded products, private label offerings, and partnerships with retailers for in-store promotions. Additionally, B&G Foods benefits from strategic acquisitions of complementary brands and product lines, which expand its market presence and diversify its offerings. The company's ability to innovate and respond to consumer trends, such as health and wellness, also plays a crucial role in sustaining its revenue growth.

B&G Foods Earnings Call Summary

Earnings Call Date:Nov 05, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Mar 03, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook. While the company showed improvements in adjusted EBITDA and benefited from cost-saving initiatives, it faced challenges with declining net sales and the impact of divestitures. The ongoing tariff issues also posed a significant challenge. However, the progress in divestiture strategy and growth in the Spices & Seasonings segment are positive signs.
Q3-2025 Updates
Positive Updates
Improved Adjusted EBITDA Performance
The third quarter demonstrated significant improvement in adjusted EBITDA delivery with sequential improvement in base business net sales trends. Adjusted EBITDA was $70.4 million, flat versus last year on a reported basis, but up year-over-year excluding the impact of divestitures.
Cost Savings Initiatives
The company benefited from a $10 million cost savings initiative, with SG&A overhead down $2 million from last year and cost of goods sold improved by 40 basis points versus last year.
Divestiture Strategy Progress
B&G Foods announced the divestiture of their Canadian Green Giant business and continued to evaluate the divestiture of their Green Giant U.S. frozen business. These divestitures are expected to create a more focused B&G Foods with increased cash flow generation and a lower leverage ratio.
Spices & Seasonings Growth
The Spices & Seasonings business unit grew net sales by 2.1% in Q3, benefiting from growth in fresh food and proteins and strength in the club and foodservice channels.
Negative Updates
Decline in Net Sales and Base Business Net Sales
Q3 net sales of $439.3 million finished minus 4.7% versus last year, and base business net sales were down minus 2.7%.
Impact of Divestitures
The divestiture of the Don Pepino and Sclafani business in May and the Le Sieur U.S. canned peas brand in August removed approximately $10.3 million of net sales and $3.2 million in adjusted EBITDA from Q3.
Tariff Challenges
Tariffs impacted the company's portfolio, reducing adjusted EBITDA in Q3 by nearly $3.5 million, with 60% affecting the Spices & Flavor Solutions business.
Increased Promotional Trade Spend
Promotional trade spend increased by approximately 110 basis points in Q3 versus last year, although it was sequentially favorable to year-over-year increases in the first and second quarters of 2025.
Company Guidance
During the B&G Foods, Inc. Third Quarter 2025 Financial Results Conference Call, the company provided updated guidance for fiscal year 2025, projecting net sales between $1.82 billion and $1.84 billion and adjusted EBITDA of $273 million to $280 million. The adjusted EBITDA as a percentage of net sales is expected to approach 20%, with a focus on improving cash flow generation and reducing the leverage ratio to 6x within the next 9 months. The company anticipates a 53rd week sales growth impact of 2% to 3% in the fourth quarter. Despite a 4.7% decrease in net sales in Q3, base business net sales excluding divestitures decreased by 2.7%. Cost efficiency initiatives are expected to yield $15 million to $20 million in annual savings. The company aims to improve base business net sales trends towards 1% growth and plans to reduce leverage to approximately 6x by mid-2026 through strategic divestitures and cash flow improvements.

B&G Foods Financial Statement Overview

Summary
Weak fundamentals overall: declining revenue and negative profitability (negative net and EBITDA margins) alongside very high leverage (debt-to-equity 4.40) and limited balance-sheet flexibility. Cash generation shows some relative support versus net losses (positive free cash flow to net income), but free cash flow growth and cash conversion are under pressure.
Income Statement
45
Neutral
B&G Foods has experienced declining revenue over the past few years, with a negative revenue growth rate of -1.17% in the TTM period. The company is facing profitability challenges, as indicated by negative net profit margins and EBIT margins. Gross profit margins have also decreased slightly, reflecting pressure on cost management. The negative EBITDA margin further highlights operational inefficiencies.
Balance Sheet
40
Negative
The company's balance sheet shows high leverage with a debt-to-equity ratio of 4.40 in the TTM period, indicating significant reliance on debt financing. Return on equity is negative, reflecting poor profitability. The equity ratio is low, suggesting limited financial flexibility and potential risk in meeting long-term obligations.
Cash Flow
50
Neutral
B&G Foods' cash flow position is under pressure, with a significant decline in free cash flow growth. The operating cash flow to net income ratio is relatively low, indicating challenges in converting earnings into cash. However, the free cash flow to net income ratio is positive, suggesting some ability to generate cash relative to net losses.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.84B1.93B2.06B2.16B2.06B1.97B
Gross Profit394.58M421.95M455.52M409.62M436.97M481.74M
EBITDA-100.63M-85.06M172.58M203.44M297.40M354.66M
Net Income-250.49M-251.25M-66.20M-11.37M67.36M131.99M
Balance Sheet
Total Assets2.94B2.99B3.46B3.84B3.83B3.77B
Cash, Cash Equivalents and Short-Term Investments60.91M50.58M41.09M45.44M33.69M52.18M
Total Debt2.07B2.08B2.12B2.46B2.34B2.37B
Total Liabilities2.47B2.47B2.63B2.97B2.91B2.94B
Stockholders Equity470.74M524.81M835.46M868.17M920.25M831.88M
Cash Flow
Free Cash Flow54.76M103.65M222.07M-16.32M50.30M254.73M
Operating Cash Flow86.30M130.91M247.76M5.96M93.88M281.48M
Investing Cash Flow38.40M-27.68M81.59M-39.15M-42.84M-568.89M
Financing Cash Flow-118.84M-92.96M-333.69M45.34M-69.84M327.95M

B&G Foods Technical Analysis

Technical Analysis Sentiment
Negative
Last Price4.28
Price Trends
50DMA
4.45
Negative
100DMA
4.41
Negative
200DMA
4.40
Negative
Market Momentum
MACD
-0.03
Negative
RSI
47.07
Neutral
STOCH
57.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BGS, the sentiment is Negative. The current price of 4.28 is above the 20-day moving average (MA) of 4.26, below the 50-day MA of 4.45, and below the 200-day MA of 4.40, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 47.07 is Neutral, neither overbought nor oversold. The STOCH value of 57.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
$1.79B28.086.82%3.53%0.54%-24.42%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
60
Neutral
$8.16B14.1614.82%5.64%2.71%4.90%
56
Neutral
$1.24B-5.13-17.18%-0.69%-910.85%
52
Neutral
$8.59B-85.91-1.16%7.87%-5.82%-119.70%
50
Neutral
$357.50M-1.35-40.86%17.12%-6.04%-844.18%
49
Neutral
$11.23B-9.21-17.44%4.45%-0.66%-326.55%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
BGS
B&G Foods
4.28
-1.52
-26.26%
CPB
Campbell Soup
26.98
-10.73
-28.45%
CAG
Conagra Brands
17.68
-6.77
-27.69%
JJSF
J & J Snack Foods
93.63
-40.68
-30.29%
SJM
JM Smucker
103.36
-0.20
-0.20%
THS
TreeHouse Foods
24.67
-10.40
-29.65%

B&G Foods Corporate Events

Business Operations and StrategyLegal ProceedingsM&A TransactionsPrivate Placements and Financing
B&G Foods to Acquire College Inn, Kitchen Basics Brands
Positive
Jan 16, 2026

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.

Financial DisclosuresM&A Transactions
B&G Foods Reports Q3 2025 Sales Decline
Negative
Nov 5, 2025

B&G Foods reported a decrease in net sales by 4.7% in the third quarter of 2025 compared to the same period in 2024, primarily due to reduced volume and foreign currency impacts, despite improvements in net pricing and product mix. The company also faced significant non-cash impairment charges but managed to achieve a gain from the divestiture of the Le Sueur U.S. brand. The adjusted EBITDA remained stable year-over-year, and the company announced the sale of Green Giant Canada, aiming to strengthen its core brand portfolio.

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.

Business Operations and StrategyM&A Transactions
B&G Foods Sells Canadian Green Giant Lines
Neutral
Oct 27, 2025

On October 27, 2025, B&G Foods announced an agreement to sell its Green Giant and Le Sieur frozen and shelf-stable vegetable product lines in Canada to Nortera Foods. This move is part of B&G Foods’ strategy to divest non-core brands, reduce long-term debt, and sharpen its business focus. The sale, subject to regulatory approval, is expected to close by the end of 2025 or early 2026. The proceeds will be used for general corporate purposes, including debt repayment and asset purchases. B&G Foods had previously divested other parts of the Green Giant brand in the U.S. and continues to evaluate further divestitures.

The most recent analyst rating on (BGS) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on B&G Foods stock, see the BGS Stock Forecast page.

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.Date of analysis: Jan 17, 2026