B&G Foods (BGS)
NYSE:BGS
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B&G Foods
(NYSE:BGS)
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Rating:47Neutral
Price Target:
$4.00
â–¼(-26.34% Downside)
Action:Reiterated
Date:05/28/26
The score is held down primarily by weak financial performance (multi-year revenue declines and ongoing net losses) and bearish technicals (price below key moving averages with negative MACD). Guidance and operational updates provide some support via improving base-business trends and leverage reduction, but valuation remains clouded by losses and an unusually high yield that is tempered by the dividend cut.
Positive Factors
Cash generation
B&G’s ability to generate positive operating and free cash flow even while GAAP earnings lag is a durable strength. Sustained cash generation funds working capital, funds small M&A, and supports debt paydown and restructuring initiatives, providing operational flexibility over months.
Negative Factors
Multi-year revenue declines & net losses
Persistent top-line pressure and recurring net losses signal structural demand and profitability challenges. Continued revenue declines reduce economies of scale, constrain reinvestment capacity, and make sustained margin recovery harder absent durable volume or mix improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
B&G’s ability to generate positive operating and free cash flow even while GAAP earnings lag is a durable strength. Sustained cash generation funds working capital, funds small M&A, and supports debt paydown and restructuring initiatives, providing operational flexibility over months.
Read all positive factors
B&G Foods (BGS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$328.73M
Dividend Yield17.12%
Average Volume (3M)2.03M
Price to Earnings (P/E)―
Beta (1Y)-0.02
Revenue Growth-3.74%
EPS Growth63.95%
CountryUS
Employees2,846
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)-0.96
Shares Outstanding81,167,000
10 Day Avg. Volume2,187,882
30 Day Avg. Volume2,028,844
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 Cap0.99
Enterprise Value/Revenue0.18
Enterprise Value/Gross Profit0.87
Enterprise Value/Ebitda1.25
Forecast
1Y Price Target
$5.25Price Target Upside-3.31% Downside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)0.63
Revenue Forecast (FY)$1.75B
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:May 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: clear progress on portfolio reshaping, strong performance in Spices & Flavor Solutions, improved base-business trends and an upgraded full-year guidance and leverage trajectory are positive. Offsetting these are a GAAP net loss driven by large noncash divestiture-related charges, declines in gross profit and segment EBITDA in Meals and Specialty, elevated input/energy cost risks, and a 50% dividend cut. Overall the positives around portfolio focus, improved base-sales and leverage reduction are balanced by material one-time losses, margin pressure and cost risks.Positive Updates
Base Business Net Sales Growth
Base business net sales increased 2.8% year-over-year to $365.1 million (up $9.9 million vs Q1 FY25), indicating stabilization and modest recovery across core categories.
Negative Updates
Reported Net Sales Decline
Reported net sales decreased 3.9% year-over-year to $408.9 million (down $16.5 million vs Q1 FY25), primarily due to the Green Giant U.S. frozen, Le Sueur U.S. and Don Pepino divestitures.
Read all updates
Q1-2026 Updates
Positive
Negative
Base Business Net Sales Growth
Base business net sales increased 2.8% year-over-year to $365.1 million (up $9.9 million vs Q1 FY25), indicating stabilization and modest recovery across core categories.
Read all positive updates
Company Guidance
B&G Foods updated fiscal 2026 guidance to net sales of $1.735–$1.775 billion and adjusted EBITDA of $275–$290 million (about 15.8%–16.3% of net sales), with adjusted diluted EPS of $0.575–$0.675; the outlook reflects the addition of College Inn and Kitchen Basics, does not include the pending Green Giant Canada sale, and assumes one fewer week (lapping an ~$18 million 53rd-week benefit from FY25). Management expects base business net sales to modestly improve (Q1 base business net sales were +2.8%) but to be flat to slightly down for the remainder of the year, and is monitoring input cost pressure (notably soybean oil and fuel). Financial assumptions include interest expense of $152.5–$157.5 million (cash interest $145–$150 million), depreciation $40–$45 million, amortization $17–$19 million, cash taxes ≈$5 million or less, an effective tax rate of 26%–27%, and CapEx toward the low end of a $30–$35 million range. The company reported net debt to pro forma adjusted EBITDA of 6.07x at quarter end (down from 6.57x) and expects to be ≈6x or less by midyear (with Green Giant Canada expected to reduce leverage by ~0.25x when closed), and the Board cut the dividend 50% to $0.095/quarter ($0.38/year), freeing roughly $30 million annually to accelerate debt reduction.B&G Foods Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
47
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.81B | 1.83B | 1.93B | 2.06B | 2.16B | 2.06B |
| Gross Profit | 372.08M | 382.06M | 421.95M | 455.52M | 409.62M | 436.97M |
| EBITDA | 259.80M | 284.61M | -85.06M | 172.58M | 203.44M | 297.40M |
| Net Income | -76.64M | -43.26M | -251.25M | -66.20M | -11.37M | 67.36M |
Balance Sheet | ||||||
| Total Assets | 2.84B | 2.83B | 2.99B | 3.46B | 3.84B | 3.83B |
| Cash, Cash Equivalents and Short-Term Investments | 64.54M | 56.29M | 50.58M | 41.09M | 45.44M | 33.69M |
| Total Debt | 57.51M | 2.00B | 2.08B | 2.12B | 2.46B | 2.34B |
| Total Liabilities | 2.43B | 2.38B | 2.47B | 2.63B | 2.97B | 2.91B |
| Stockholders Equity | 403.40M | 453.22M | 524.81M | 835.46M | 868.17M | 920.25M |
Cash Flow | ||||||
| Free Cash Flow | 47.11M | 70.75M | 103.65M | 222.07M | -16.32M | 50.30M |
| Operating Cash Flow | 72.24M | 101.40M | 130.91M | 247.76M | 5.96M | 93.88M |
| Investing Cash Flow | -1.73M | 39.32M | -27.68M | 81.59M | -39.15M | -42.84M |
| Financing Cash Flow | -67.70M | -135.81M | -92.96M | -333.69M | 45.34M | -69.84M |
B&G Foods Technical Analysis
Negative
5.43
Price Trends
4.91
Negative
4.81
Negative
4.44
Negative
Market Momentum
-0.29
Positive
31.40
Neutral
20.29
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 5.43 is above the 20-day moving average (MA) of 4.42, above the 50-day MA of 4.91, and above the 200-day MA of 4.44, indicating a bearish trend. The MACD of -0.29 indicates Positive momentum. The RSI at 31.40 is Neutral, neither overbought nor oversold. The STOCH value of 20.29 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
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | $1.43B | 24.62 | 6.24% | 3.53% | -2.04% | -23.39% | |
61 Neutral | $10.71B | -8.60 | -21.55% | 4.45% | 1.58% | -389.82% | |
56 Neutral | $6.15B | -139.14 | -0.51% | 7.87% | -4.73% | -112.96% | |
54 Neutral | $6.26B | 11.37 | 13.98% | 5.64% | -0.81% | 5.57% | |
47 Neutral | $328.73M | -4.21 | -16.76% | 17.12% | -3.74% | 63.95% |
* Consumer Defensive Sector Average
BGS
B&G Foods
3.95
0.40
11.30%
CPB
Campbell Soup
21.55
-10.68
-33.13%
CAG
Conagra Brands
12.68
-7.81
-38.10%
JJSF
J & J Snack Foods
74.22
-35.77
-32.52%
SJM
JM Smucker
101.12
-5.46
-5.13%
B&G Foods Corporate Events
Executive/Board ChangesShareholder Meetings
B&G Foods Shareholders Reaffirm Board and Governance Direction
Positive
May 27, 2026
At its annual meeting of stockholders held on May 21, 2026, BG Foods’ shareholders elected ten directors to serve until the next annual meeting or until their successors are chosen, reaffirming the existing board slate. Stockholders also app...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
B&G Foods Reshapes Portfolio with Divestiture and Acquisition
Negative
May 12, 2026
In the first quarter of 2026, BG Foods reported net sales of $408.9 million, down 3.9% from a year earlier, as divestitures of its Green Giant U.S. frozen, Le Sueur U.S. and Don Pepino businesses more than offset gains in its core portfolio. Base ...
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.